Broker tips: AB Foods, Experian, Moneysupermarket

6th Nov 2013 11:32

Associated British Foods was performing well on Wednesday in the aftermath of its full-year results, with UBS providing a lift after upping its target price for the stock from 2,030p to 2,430p following an 'outstanding performance from Primark'.UBS, which kept its 'buy' rating for the stock, said that AB Foods should trade on a higher multiple because of the structural growth story at Primark. The bank said that it is still an "attractive entry point to the Primark story" despite the strong 50% surge in AB Foods' share price since the start of the year.Jefferies has downgraded its rating for credit-checking and information services group Experian from 'buy' to 'hold', saying that the shares are now trading at its 1,200p target price.Jefferies highlighted that Experian's first-half results were "exactly" in line with expectations "but the debate today will centre on value creation after another sizeable acquisition", referring to the purchase of Passport Health Communication.Canaccord Genuity has raised its rating for price-comparison website Moneysupermarket.com Group (MONY) from 'hold' to 'buy' after the firm's better-than-expected third-quarter update on Wednesday.Davies said: "Moneysupermarket shares have been particularly weak since the interim results, with the shares down by 26%. [...] We nudge down our target price from 213p to 205p [...] and this points to 32% potential upside. We therefore raise our recommendation back from 'hold' to 'buy'."BC