To appear in Best of the Brokers, email your research to firstname.lastname@example.org
Cantor Fitzgerald reiterated its “buy” rating on the clothing firm, and said the company was continuing to develop and broaden its ranges, which are “now recognised as premium product at competitive prices”. The broker added that “the toning down of the Superdry logo-ing is a positive sign”.
Numis reiterated its “buy” rating on the professional services firm, and said its acquisition of Avocis creates a platform for growth in the “large, but highly fragmented” German-speaking business process outsourcing market. The broker also noted potential to drive organic growth from new name sales.
Westhouse Securities moved the publisher from a “buy” to an “add” rating. The broker said the firm’s progress in refocusing its strategy under the new chief executive is encouraging, but was sceptical regarding the logic of combining the firm’s core operating areas of events and academic publishing.