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Whitman Howard reiterated its “buy” rating on the utilities firm. The broker said that, following what it calls the “kitchen sinking” that accompanied the FY14 results, it believes that the intrinsic value in Centrica should begin to feed through as the dust settles on the General Election.
Cantor Fitzgerald upgraded its recommendation for the retailer from “hold” to “buy”, and said the firm could achieve higher sales volumes this year due to its improved product mix and the benefit of higher household earnings. It said it expects trading margins to start gradually rising next year.