Broker tips: easyJet, Chemring, Darty

24th Jan 2013 11:03

Credit Suisse has hiked its target price for easyJet from 884p to 1,000p after raising its full-year profit forecasts following the budget airline operator's first-quarter results.However, a 'neutral' rating has been kept. Credit Suisse said: "Trading momentum has remained strong into winter, and this should be rewarded by a strong share price reaction. However following a 100% 12-month outperformance of the FTSE All Share Index, we see greater upside surprise potential at Ryanair, Deutsche Lufthansa and IAG in 2013."Investec has lifted its price target for defence technology group Chemring from 280p to 335p and reiterated its 'buy' rating for the stock, saying that the business is on the 'road to recovery'.The broker said that Chemring's full-year results are in line with expectations, however this "counts as a positive given the recent history". UBS has cut its rating for electrical retailer Darty from 'buy' to 'neutral', saying that while its restructuring plan was well received, the company's core market remain subdued.UBS said that the medium-term investment case at Darty "requires an improvement in French profits above and beyond the cost savings we have factored in".BC