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Numis shifted its recommendation on the construction materials company from “hold” to “buy”. While the group’s strategic initiative programme has demonstrated tangible results on the one hand, European trading weakness in 2014 has more than offset this.
GMP securities reiterated its “reduce” rating for the oil and gas exploration company. “Not only are oil prices woes affecting the share price of our companies, political and technical risks are now taking a big toll on the share price,” said GMP’s Alessandro Pozzi.