Marks & Spencer – Food Boom and Sephora Deal Drive Stock to Decade High

The British retail company is working on its profit comeback after the cyber crisis. The Sephora partnership opens new opportunities in the cosmetics business starting in 2027. UBS is betting on increasing online margins and raised its price target to 465 pence. The stock of Marks & Spencer Group (MKS) has increased by nearly 34% year-to-date according to Trading Desk, marking a new decade high of 4.29 GBP on October 20. From its all-time high of around 7.44 GBP in 2007, the stock is still significantly distant. The breakout reflects...