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Jefferies initiated coverage of the energy company with a “buy” rating. The broker said that although the last 18 months “have been abysmal for Centrica”, with market and political condititions stabilising the risk/reward for the shares now looks modestly favourable.
Numis moved the marketing services company from a “buy” to an “add” recommendation, following a report that the year has started slowly in sports marketing, with further delays in two major international contracts. Accordingly, full year results will be below expectations.
Canaccord Genuity maintained its “sell” recommendation on the power generator hire company and raised the target price from 1237p to 1461p. The broker cited the group’s trading update for the first quarter, and said management had highlighted strong order intake for the first half.