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Canaccord Genuity upgraded its rating to “buy”, following share price decline during the last week as well as “robust drilling activity data”. It also stated that it was expecting growth in demand for Hunting’s products. Its target price of 950p remained unchanged.
JUPITER FUND MANAGEMENT
Besi Research reiterated its “buy” rating, describing Jupiter’s third quarter update as “a little disappointing”. However, the broker added that the firm has invested in its distribution capabilities, which “should start to bear fruit as the newly installed networks take shape”.
Numis has reiterated its “buy” rating on the eye-tech firm, citing the fact that the company had met underlying revenue and profit expectations for the full year ending September. The broker also said that Optos’ cash generation was ahead of its projections.