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Westhouse Securities reiterated its “sell” recommendation following Pearson’s update for the nine months to September which showed declining sales and revenues. The broker said Pearson is “a quality company that should benefit from long-term growth in global learning spend”.
S&P Capital IQ reiterated its “buy” rating for Shire, based on the fact that the company raised its full year 2014 guidance after posting results for the third quarter that were ahead of the broker’s consensus estimates. Target price was raised to 4,700p from 4,450p.
Besi Research reiterated its “sell” rating, and said it is expecting an 11 per cent cut to previous earnings per share estimates after the company’s results for the first half of 2014. The broker also said it remained concerned that Tesco did little to address declines in the quality of its produce.