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WH Ireland retained its “buy” rating and target price of 300p on the African budget airline. The broker noted that the company is growing quickly, and said it has the potential to become the leading low cost carrier in Africa. It anticipates that Fastjet will move into profit in 2016.
Arden Partners reiterated its “reduce” recommendation on the energy services provider, following the group’s first half results. The interim dividend was cut, with the broker commenting: “While the cut is a perfectly prudent move by the company it may still harm sentiment for the shares.”