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WH Ireland reiterated its “buy” rating on the promotional products company following its AGM yesterday. The broker said that while the firm’s shares are never particularly cheap, “the impeccable track record and continuing opportunity suggest that decent upside remains for this stock”.
Numis reiterated its “buy” recommendation on the conferences group ahead of its interim results, out next week. According to the broker, the trading update released by the company on 1 April was “detailed, and encouraging” and “ultimately confirmed comfort with full year estimates”.
Cantor Fitzgerald reiterated its “hold” rating on the retailer, after it posted its first annual loss in 10 years. The broker said the risk to 2016 trading profit and the price simplicity strategy is the need to grow the customer base within key categories and increase volumes, “a real challenge as Tesco recovers”.