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BUZZ-Next best thing on FTSE 100 after broker upgrade

Reuters - UK Focus

** JPMorgan (LSE: JPIU.L - news) upgrade to "overweight" vs "neutral" sends fashion retailer Next (Other OTC: NXGPF - news) to the top of the FTSE 100

** While broker still favours M&S on a 3-6 mth view for ongoing turnaround potential, reckons NXT could recover some of its recent underperformance between now & end-April Q1 update

** JPM says recent beneficial weather & favourable UK consumer background should have led to stronger trading in second half of Q116

** Next, up 2.6 pct, poised for biggest one-day gain in a month; stock up 8.5 pct YTD vs c.20 pct rise from M&S (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)