Deutsche Bank upgrades Jubilant Foodworks

Last Updated: Wed, Feb 06, 2013 05:40 hrs

Deutsche Bank upgraded its ratings on Jubilant Foodworks Ltd to "buy" from "hold", saying the recent underperformance of shares did not properly factor in the fast food chain operator's ability to sustain "strong" earnings growth.

Deutsche added investors' focus on slowing same store sales growth ignored Jubilant's "huge" opportunity to grow its business, according to a note dated on Wednesday.

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