JD Wetherspoon was congratulated for attacking its cost base by analysts at Deutsche Bank, but warned that it would need ‘more than a little luck’ if forecasts were to remain intact for the year. Deutsche Bank retained its ‘sell’ rating, but raised its price target from 235p to 245p to reflect the group’s progress. The bank said that that the company’s peers, "notably Mitchells & Butlers and Enterprise Inns, offer much better value and are somewhat less risky. "The risk to our price target risk is geared to top line growth, which we believe will be very challenging this year and probably next."