05:26 AM EDT, 08/11/2026 (MT Newswires) -- RBC Capital Markets raised its price target and earnings forecasts for Next plc (NXT.L) after the British retailer published its fiscal second-quarter trading update. "NEXT released a Q2 trading update last week which was stronger than expected, driven by very strong international sales. We think this should be supportive for an ongoing gradual re-rating, as NEXT transitions to become valued more as a global growth retailer," according to a Monday note on European retailers. Against this backdrop, analysts lifted its fiscal 2027 and 2028 profit before tax and EPS estimates by 2%, reflecting anticipated profit growth across Next International and Retail as well as expected higher contributions from equity investments such as Reiss. The research firm also raised the outperform-rated stock's price target to 170 pounds sterling from 163 pounds.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.