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Canaccord Genuity has upgraded its recommendation for Glencore from “hold” to “buy” following the miner’s recent interim results. It has lowered its target price to 220p from 260p previously. The broker said it is also confident that Glencore can sustain its full-year dividend.
Investec has dropped its target price to 236p from 239p and retained its “sell” rating for the online property portal. The broker said that weak visitor traffic growth in the core portal and pressure from OnTheMarket led it to question Zoopla’s premium valuation despite potential benefits following its acquisition of uSwitch.