date:Jun 09, 2014
in a note.
The brokerage reiterated its add rating on the stock with a target price of 1,050 pence.
Fuller, which has almost 400 pubs in London and the South East, is pinning hopes on a pleasant UK summer as the bulk of its pubs have beer gardens.
This summer, however, is particularly important for pub operators as it includes the soccer World Cup.
For us, good weather is important to our performance and in many ways that's probably more important to us than the England's performance in the