Spirits giant Diageo does not want to be regarded as a defensive stock (a good reputation for now, but not racy enough in a bull market). However, broker Merrill Lynch reckons that is exactly why investors should pile in. A prolonged financial crisis would kybosh the group's defensive qualities, but ...
In the satirical movie Thank You For Smoking the boss of a tobacco lobbyist sums up by saying: "We don't sell tic tacs, we sell cigarettes. And they're cool, available, and 'addictive'. The job is almost done for us." British American Tobacco (BAT) will always have a market and good ...
If a high dividend has been the perennial attraction of Lloyds TSB, the credit crunch has also showed that payout to be the bank’s greatest protector. Its controversial decision not to cut its dividend in 2004 - which prompted the exit of its finance director - imposed a ...
JP Morgan has reiterated its 'overweight' rating on Wm Morrison and raised its price target by 20p to 340p, saying that the market is underestimating the supermarket operator's potential."It is perplexing: everyone can see from the data that Morrison has more operational momentum than peers and yet it is de-rated ...
SG Securities has lifted its recommendation on Next to 'hold' from 'sell' and raised its target price to 1,317p from 910p, following the fashion group's trading update yesterday.The update was weak, but this had been expected and, even though Next remains challenged, news in coming months is likely to be ...
JP Morgan has raised its ratings on pub groups Greene King and Marstons and downgraded JD Wetherspoon in a reassessment of the pub sector. The broker notes recent REIT developments but envisages continued weak fundamentals.It upgrades brewer and tenanted pub operator Greene King to 'overweight' from 'neutral' and Pitcher and ...
JP Morgan has reiterated its 'overweight' rating on Wm Morrison and raised its price target by 20p to 340p, saying that the market is underestimating the supermarket operator's potential."It is perplexing: everyone can see from the data that Morrison has more operational momentum than peers and yet it is de-rated ...
JP Morgan has lowered its rating on Carphone Warehouse to 'neutral' from 'overweight' following a recovery in the mobile phone retailers share price recently.JPM said that a fall in Carphone's share price in April had been overdone, as negative debt news masked a decent outlook for the company. However, it ...
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