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Cantor Fitzgerald reiterated its “buy” recommendation for the business aviation services firm, following confirmation that it has entered into a joint venture with Hutchison Whampoa. The broker said “growth prospects for this platform and in Asia generally, are excellent”.
Numis reiterated its “add” rating for the construction services firm which has issued a profit warning relating solely to UK Construction. Yet the broker said the “magnitude and content of this profit warning will increase concern” and reduced its target price from 370p to 335p.
Westhouse Securities has reiterated its “buy” rating for the Falklands-focused company after it announced that a rig to be used for a six well campaign in the region has been mobilised. The broker said success at any of the wells may have an impact on the Sea Lion development plan.