Is Wm Morrison Supermarkets (OTCMKTS:MRWSY) Now a ‘Buy’? Why did HSBC Securities Upgrade The Stock?

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Wm Morrison Supermarkets (OTCMKTS:MRWSY) Stock Upgrade

Wm Morrison Supermarkets (OTCMKTS:MRWSY)’s stock was lifted to a solid “Hold” by analysts at HSBC Securities. MRWSY’s past “Reduce” rating is has been discontinued by the brokerage firm.

From a total of 1 analysts covering Wm Morrison Supermarkets (OTCMKTS:MRWSY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 0% of the ratings are positive. Wm Morrison Supermarkets was the topic of 3 analyst reports since October 28, 2015 according to the firm StockzIntelligence Inc. HSBC upgraded shares on December 8 to “Hold” rating. BNP Paribas downgraded MRWSY stock in a recent report from October 28 to “Neutral” rating.

The stock decreased 1.37% or $0.15 on December 8, striking $10.77. Approximately shares of stock traded hands. WM Morrison Supermarkets PLC (OTCMKTS:MRWSY) has declined 21.62% since May 6, 2015 and is downtrending. It has underperformed by 20.82% the S&P500.

 Is Wm Morrison Supermarkets (OTCMKTS:MRWSY) Now a ‘Buy’? Why did HSBC Securities Upgrade The Stock?

Wm Morrison Supermarkets PLC is a United Kingdom supermarket group. The company has a market cap of $5.10 billion. The Firm is a fresh food maker in the United Kingdom. It currently has negative earnings. The Firm owns, operates and controls its fresh food supply chain.

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