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Berenberg has chosen Supergroup as its top pick in the retail sector and commended the owner of the Superdry brand for its transition from “a business with significant potential to one which is starting to deliver”. The broker reiterated its “buy” rating and its 1,160p price target.
Exane BNP Paribas believes Amec to be through the worst of its issues following its acquisition of Foster Wheeler last year after upgraded the oil services group to “neutral” from “underperform”. It has raised its target price by six per cent from 850p to 905p per share.
Investec reiterated its “sell” rating and target price of 1329p following BHP Billiton’s recent third quarter production results, which showed a weak performance from its South32 portfolio, which it is spinning off. The broker said this weakness could play into the hands of prospective buyers.