Marks & Spencer shares climb on Berenberg upgrade after strong Christmas food sales
London, Jan 9, 2026, 11:25 GMT — Regular session Marks & Spencer Group plc (MKS.L) shares rose 2.4% to 353.2 pence by 1110 GMT on Friday. (Share Prices) Berenberg upgraded the stock to “buy” from “hold” and nudged its target price up to 415 pence, saying the pullback late last year left the forward price-to-earnings multiple — the share price relative to expected earnings — looking more attractive. (Sharecast) That comes as investors sift a choppy Christmas read-out for UK retailers, where food held up but clothing and gift spending looked patchier, and executives kept pointing to a wary consumer