Bloomsbury Publishing upgraded by Peel Hunt

"Material attractions for investors", suggests Peel Hunt as it upgraded Bloomsbury Publishing (LON:BMY) shares.

PH analyst Malcolm Morgan upgraded his recommendation from ‘add’ to ‘buy’ with a target price of 265p.

The shares improved to 258p after the company reported 10% revenue growth and a 60% increase in profit in the six months to the end of August.

Those numbers were "testament to the strength of the model" said Morgan.