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Numis reiterated its “hold” rating for the construction company. Howard Seymour from Numis said: “Carillion’s workload growth in Support Services especially has been impressive in 2014, and the outlook for revenue growth in key markets looks progressively.”
MORGAN ADVANCED MATERIALS
Berenberg initiated a “buy” rating for the materials manufacturer. “The company has undergone a major portfolio reshaping and is now a much higher-quality business. The market is not currently pricing in the improvements to the business and the future margin expansion.”
Panmure Gordon reiterated its “buy” rating for the vehicle retailer. “We expect Vertu to exit full year 2015 with a strong balance sheet, providing scope for further acquisitions, which remain on the agenda,” Panmure’s Kevin Fogarty said.