LONDON (SHARECAST) – Morrisons has come a long way since it bought rival supermarket Safeway, said the broker JP Morgan as it lifted its rating on the stock to ‘overweight’ from ‘neutral’, upping the target price to 340p from 320p.

Local stock broker David Alan Tucker served a 20-day suspension and paid a $5,000 fined for misleading radio broadcasts and newspaper advertising, according to records at the Financial Industry Regulatory Authority.