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Portmeirion’s dollar appeal
Dollar strength is a translational tailwind for Portmeirion (PMP:AIM). The homewares maker is regaining investor confidence following an Indian and South Korean sales slump.
Record overall sales were still delivered in 2016 with healthy growth generated in Portmeirion’s biggest market, the US.
Cantor Fitzgerald Europe’s £12 price target implies 21% upside at 995p.