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Numis initiated coverage of the automotive marketplace with a “buy” rating. The broker said the company’s packages offer “demonstrable return on investment for retailers and we expect further upselling and cross-selling to drive profitability both for Auto Trader and retailers”.
WH Ireland reiterated its “buy” rating on the engineering firm after a positive set of interim results. The broker said that while many will focus on the planned departure of the chief exec, “this should not detract both the positive underlying performance and position of the group”.
Jefferies reiterated its “buy” rating on the veterinary pharmaceuticals group. The broker expects investor interest in Dechra to remain buoyant and said that, with no controlling shareholder, the firm could be a target for a larger player looking to bolster its specialty capabilities.