UBS confirms its buy recommendation on the stock, with a target price of 1,860 pence, representing a potential upside of 21%.

The group reported adjusted operating profit up +12% to £8.786 billion and adjusted EPS up +16% to 155.1p.

' UBS expects sales growth of 4% and EPS growth of 6% for fiscal 2024. UBS's forecasts are 2% below the recent consensus provided by the company' says the analyst firm.

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