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BUZZ-WH Smith: Stifel raises to buy after recent pullback

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) in retailer WH Smith (LSE: SMWH.L - news) up 3.2 pct, second-largest gainer on the FTSE mid-250 index, after Stifel raises rating on co to "buy" from "hold", PT of 1920p

** Analysts 12 pct share price drop from recent peak, represent "a useful buying opportunity for longer term, income-focused investors"

** Analysts say senior management team is well placed regardless of outcome of Brexit vote, add it has weathered more challenging headwinds than potential Brexit

** Stock among top-five gainers on the Stoxx 600 index, and top of the Stoxx 600 Retail Index

* A fifth of co's 30-day avg vols gone through in the first hour of trade, now set for third-straight day of gains (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)