Double upgrade from Jefferies gives Future shares big boost
Shares in Future (FUTR) accelerated as the media group received a double upgrade from 'underperform' to 'buy' at investment bank Jefferies.Analyst Oliver Conroy says he expects a return to strong growth in revenue, positive audience trends and further upside from high yielding US direct ad sales.He observes: 'We expect Future to outperform peers, due to its highly cyclical tech & gaming portfolio,