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JD Sports first-half profit edges past forecasts as Deutsche Bank keeps 'hold' rating

Source: proactiveinvestors.com

Corporate EarningsCompany FundamentalsAnalyst InsightsConsumer Demand & Retail

JD Sports Fashion delivered a modest first-half profit beat, as stronger-than-expected gross margins offset weaker profitability in North America. Deutsche Bank reiterated its hold rating and 95p price target, indicating that the earnings upside was not sufficient to materially alter its valuation view.

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