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Cantor Fitzgerald reiterated its “buy” rating on the telecoms firm after it reported results for the second quarter of 2015 that were in line with market expectations. The broker stated that the outlook points to “significant revenue growth” in the third quarter due to recent contract wins.
Numis moved the insurer from an “add” to a “hold” rating and pointed to success in the firm’s US business, which saw premium income grow by 19 per cent, helping to offset reduced income in reinsurance, commercial property insurance and energy. Target price is 305p.
WH Ireland initiated coverage of the off-licence and convenience store group with a “buy” rating. The broker stated that the company’s agreement to acquire GT News “further demonstrates the potential for bolt-on acquisitions to widen the store footprint”. Target price is 190p.