To appear in Best of the Brokers, email your research to firstname.lastname@example.org
Citi has lifted its rating on the investment group to “buy” from “neutral”, keeping the target price at 268p. The broker thinks the acquisition of Geneva Capital Management fills a strategic gap, and will provide a much enhanced US equities capability.
UBS has kept its "neutral" rating, but cut the target price on the homewares retailer to 905p from 1,005p. The broker thinks warmer weather and the World Cup could hit like-for-like sales, with Dunelm’s peers reporting slower than expected trading in recent months.