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Berenberg analyst Pras Jeyanandhan has upgraded he investment manager from “hold” to “buy”, with a target price of 340p, arguing that risks are better priced in. The company’s shares have fallen from a peak of nearly 380p last summer.
Westhouse Securities reiterated its “neutral” rating on the broadcasting group, ahead of its results for the six months to December 2014. The broker is expecting a robust performance and said it is positive on Sky’s underlying qualities, trading momentum, operating strategy and recent acquisitions.
Whitman Howard reiterated its “hold” rating for the utilities firm, after the company accepted Ofwat’s final price determination. The broker also moved its target price to 1,033p from 959p, “to reflect the increased regulatory and dividend stability, coupled with the continued underlying bid speculation”.