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AO WORLD

P 65.85 80 75 70 65 60 10 Jan 55 4 Jan 5 Jan 9 Jan 6 Jan 10 Jan

Electrical retailer AO World upgraded its FY23 forecast despite reporting a 17 per cent fall in sales in the third quarter. Analysts at Peel Hunt noted the drop in sales was in line with forecasts. The analysts pointed out AO deliberately softened the November trading peak, avoiding unprofitable sales. They rate it a 'hold' with a target price of 80p, up from 70p.

GAMES WORKSHOP 9,400

P 9,200 9,000 10 Jan 8,895 8,800 8,600 4 Jan 5 Jan 9 Jan 6 Jan 10 Jan

Games Workshop reported revenue and profit ahead of its December guidance. The Warhammer-maker also announced a 130p dividend, taking its total dividend to record levels. Peel Hunt analysts said the shares have performed well recently after the company secured a deal with Amazon to potentially bring Warhammer to film and TV. Games Workshop was rated a 'buy' with a target price of 9,500p.

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