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Shore Capital raised its “hold” rating to “buy” for the asset manager. Excellent early progress has been achieved towards the five year plan to December 2018 and the once-stretched balance sheet is also now in much better shape, analysts at Shore Capital said.
S&P Capital IQ maintained its “sell” rating on the cigarette maker. The company’s underlying tobacco volume fell six per cent so far this year while net revenue was unchanged with both metrics impacted by weak trading in Iraq due to macroeconomic and political problems.