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Numis upgraded its rating on the multinational telecommunications from “add” to “buy”. Full-year 2014 results were slightly ahead of expectations, with the business returning to growth and gross margins improving in the second half of the year. Target price moved from 80p to 105p.
S&P Capital maintained its “buy” rating on the business process outsourcing firm. Revenue climbed 14 per cent in 2014 and the company sees a further year of low double-digit growth in 2015. The broker highlighted the firm’s “consistent track record of delivering shareholder value”.
Panmure Gordon maintained its “buy” rating for the kitchen business, which the broker said is benefitting from “healthy consumer confidence” and on-going depot openings – the firm opened 30 in 2014, taking the total to 589. The broker said shares should trend higher with earnings.