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Seymour Pierce reiterated its “BUY” recommendation for Greene King (GNK) ahead of its preliminary results tomorrow. The research house anticipates markets to react positively to the pub retailer as it has had some of the best returns in the industry and the strongest balance sheet of the largest players. Additionally, despite materially higher returns than its rival Marston’s Inns & Taverns, Greene is trading at a PER discount at 9.2x compared to its rival’s 9.8x. The shares edged forward by 0.2p to 392.3p.