Shares in Whitbread rose sharply yesterday after Citigroup upgraded them to a buy. They rose 58p to £12.77 and the broker maintained its prediction they would now hit the £14 price target it had set. Part of the broker’s confidence was based on the strong performance of its budget Premier Inn hotels. It remained concerned, however, about Costa, its coffee shop chain, which might suffer from a slowdown in its sector. Before yesterday’s rise in the share price broker Cazenove said Whitbread shares were a buy at £11.72. The Times 03/05/08 page 65 (Business) The Guardian 03/05/08 page 42 (Financial) The Independent 03/05/08 page 54 (Business) The Daily Telegraph 03/05/08 page 39 (Business News) 6 (Your Money)