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BUZZ-SuperGroup: top UK midcap riser as broker gets behind stock

Reuters - UK Focus

** SuperGroup (LSE: SGP.L - news) up c.5 pct, top FTSE 250 riser as RBC Capital Mkts upgrades rating on stock to "outperform" vs "sector perform"

** Broker reckons recent mgmt changes should help co deliver more consistent growth; RBC (Other OTC: RBCI - news) notes alongside product & range developments, co working on improving its inventory management & introducing more flexibility into buying process

** Broker flags robust recent online sales momentum, & co's strong space pipeline - mostly mainland Europe, but says co can look to accelerate its expansion in the US & RBC expects a plan for entry into China market in due course

** Stock down by about a third over past yr; in Dec (Shanghai: 600875.SS - news) co reported a 30 pct fall in H1 profit after warm autumn weather hit demand, though trade rebounded over Christmas (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)