Digital Look broker talk

11th Nov 2011 10:15

HSBC: "No matter what happens, come rain or shine, underperforming HSBC will remain a much loved stock among the London sell-side...Never mind the so-called safe haven arguments. There is absolutely no excuse for owning the shares at all" [Evolution Securities].IMI: "It seems the self-help story is in full flourish though as margins have continued to surprise and the improved profitability is able to offset the weaker top-line" [UBS].AMEC: "In August AMEC shrugged off any uncertainties over the trading environment as it hiked the dividend payout and boosted expectations of an uplift during H2, helped by a recent acquisition. Subsequent contract wins and a bear trap rebound in the shares at the start of October now marks the the stock out as a buy" [Galvan Research].