Johnston Press received some rare good news from the City this morning – UBS issued a trading note upgrading the regional press company’s rating from “sell” to “neutral”.
UBS said the risk of inveseting in Johnston has decelined since its share price dropped 22 per cent following its annual report on 5 March, and almost by half year-on-year.
UBS said it remained cautious on all newspapers groups, including DMGT and Trinity Mirror.
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