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Compass: shares climb after UBS upgrades to 'buy'

( - Compass shares are currently up 1.
7% at 1,568 pence after UBS upgraded the stock to "buy," seeing the current share price as an "opportunity".

UBS says it has always admired the operational and financial performance of what it considers as "the best in contract catering class," without finding valuation opportunities attractive enough until now.

"We think the recent pull back provides such an opportunity," UBS says, upgrading its previous "neutral" rating on the share, while raising its target price from 1,655 pence to 1,700 pence.

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