Broker tips: Greggs, ASOS, Ryanair

20th Mar 2013 12:53

Canaccord Genuity has said that Greggs' 2012 results were 'unsurprisingly disappointing' but has retained its 'hold' rating and 485p target price for the stock."The strategy for 2013 has been reshaped with investment behind the core estate rising and lower rates of new openings. We expect this to have a negative impact on LFL sales in the short term due to increased shop closure but should provide a stronger platform for growth in the future."Prime Markets has labelled online fashion retailer ASOS as a "turbo-charged global online success story", recommending investors to 'buy'."ASOS is today delivering exponential growth numbers to excite even the most seasoned emerging market trader, and in the view of Prime Markets continues to offer massive upside potential."Citigroup has kept its 'neutral' rating for Irish budget airline Ryanair but said that its recent aircraft order from US manufacturer Boeing ends years of uncertainty over the company's growth plans.Analysts at Citi said that the deal was largely expected after Ryanair announced its 10-year growth plans in November. They also said that the deal was likely made at a substantial discount and on favourable terms, though this was not made public.BC