Deutsche Bank upgrades Jubilant Foodworks

Says recent underperformance of shares didnot factor in co's ability to sustain strong earnings growth

Deutsche Bank upgraded its ratings on Jubilant Foodworks Ltd to "buy" from "hold", saying the recent underperformance of shares did not properly factor in the fast food chain operator's ability to sustain "strong" earnings growth.

Deutsche added investors' focus on slowing same store sales growth ignored Jubilant's "huge" opportunity to grow its business, according to a note dated on Wednesday.