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With the cinema chain’s results due this week, broker Panmure Gordon has reiterated its “sell” rating on the stock but increased its target price from 238p to 260p. It said while revenues would be up around a fifth versus last yea,r a slow July would hamper results.
Broker Numis has downgraded the translation software company from “buy” to “hold” with a target price of 390p after it was stung by a higher tax rate than was previously guided. The broker said the recent strong share price performance was also a factor.
Internet media platform Blinkx has been given a thumbs up by broker Canaccord Genuity following the acquisition of Adap.tv by AOL, which has a partnership with Blinkx. It has reiterated its “buy” rating with a target price of 150p.