Thursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreSunday newspapers: Cyprus, Vodafone, Fitch
24th Mar 2013 18:51
The President of Cyprus has flown to Brussels to broker an arrangement with the Troika. An earlier proposal, which seemed to have been reached on Saturday, was described as in 'flux.' "The negotiations are at a very delicate stage," Christos Stylianides, a government spokesman, told The Financial Ti
Read moreFriday broker round-up UPDATE
22nd Mar 2013 08:48
Afren: Nomura shifts target price from 175p to 180p keeping a neutral rating. ASOS: Nomura increases target price from 2000p to 2630p, while reiterating a neutral rating. Betfair: Panmure Gordon takes target price from 761p to 813p and leaves its buy recommendation unchanged. Brewin Dolphin Holdi
Read moreTuesday broker round-up UPDATE
19th Mar 2013 07:21
Admiral Group: Canaccord Genuity raises target price from 1050p to 1215p, but reiterates its sell recommendation. BAE Systems: Investec moves target price from 325p to 375p retaining a hold recommendation. Balfour Beatty: Numis lowers target price from 330p to 300p and downgrades to add. BHP Bill
Read moreBroker snap: Investec optimistic about Argos's potential at Home Retail
18th Mar 2013 16:07
Shares in Argos and Homebase owner Home Retail were performing well on Monday after Investec lifted its target price for the stock from 115p to 173p and reiterated its 'buy' rating, claiming that Argos is a leader of the industry, not a laggard. While many have taken a cautious view on the stock o
Read moreSector movers: M&S bid speculation lifts retailers higher
18th Mar 2013 15:33
Increased M&A speculation on the High Street boosted the general retail sector higher on Monday, with department store Marks & Spencer (M&S) surging after a rumoured takeover bid by Qatar. M&S's shares rose as much as 9.0% in early trading after The Sunday Times reported that the Qatar Investment A
Read moreLondon close: US labour data boosts stocks late on
14th Mar 2013 16:33
Global stock markets registered decent gains on Thursday as US labour-market figures continued to beat forecasts, pushing the S&P 500 in New York close to an all-time high. The S&P 500 was trading around 1,560 by the close of trade in London (12:30 in New York), just a few points from the record-hi
Read moreFTSE 250 movers: Ocado rises on potentional tie-up with Morrison
14th Mar 2013 16:12
The market celebrated Ocado's news of a potential partnership with Morrison. Richard Curr from Prime Markets said that the deal could be a 'game changer' for the firm. The online grocer also revealed 14.4 per cent rise in first-quarter sales in a separate statement. After signalling higher-than-ex
Read moreLondon midday: Stocks make gains ahead of EU summit
14th Mar 2013 11:34
Strong gains from Aggreko, Morrison, Ocado and Home Retail pushed UK stocks higher on Thursday morning offsetting weakness in the heavyweight mining sector, as traders awaited the start of the EU summit and economic data from the States later on. US banking giant Goldman Sachs yesterday hiked its n
Read moreBroker tips: Aggreko, Ocado, Home Retail
14th Mar 2013 11:06
Jefferies has maintained its 'buy' rating and 2,200p target price for temporary power and temperature control group Aggreko after the company announced a power-supply contract with utility companies in Southern Africa on Thursday. "While a degree of contract wins are required to meet consensus numb
Read moreBroker snap: Home Retail's turnaround at Argos will fail, says Panmure Gordon
14th Mar 2013 09:22
Argos and Homebase owner Home Retail impressed the market on Thursday after raising its profit guidance for the second time this year, but Panmure Gordon chose to reiterate its 'sell' rating for the stock, telling investors not to get carried away. Shares were up 12.16% at 149.06p in mid-morning tr
Read moreLondon open: FTSE 100 rises early on as Morrison jumps
14th Mar 2013 08:36
Strong gains for Prudential, Morrison and Aggreko helped push London's benchmark index into positive territory on Thursday morning, as traders showed optimism following recent bullish forecasts. US banking giant Goldman Sachs hiked its near-term target prices for the FTSE 100, saying that the index
Read moreHome Retail hikes profit guidance again after strong fourth quarter
14th Mar 2013 07:36
After signalling higher-than-expected full-year profits earlier in the year, Home Retail, the owner of Argos and Homebase, further raised its guidance on Thursday after reporting a strong end to its financial year. The company said that the final eight weeks of the financial year ended March 2nd ha
Read moreThursday broker round-up UPDATE
14th Mar 2013 07:11
Amara Mining: After having been under review, Cantor Fitzgerald reinitiates coverage with a price target of 81p and a buy recommendation. Antofagasta: Citigroup shifts target price from 990p to 1000p, but retains its sell recommendation. Ashtead Group: Investec raises target price from 475p to 700
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
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