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Numis tells investors to “sell” shares in the set-top box maker, warning that a glut of disruptive TV platforms from Apple, Intel and Sony is threatening to unsettle the firm’s market. The broker has a target of 200p.
Morgan Stanley has upgraded the oil and gas explorer from “underweight” to “equalweight” and boosted its target price to 165p. The broker sees success at Surin as a mark of confidence in the firm’s exploration plan.
Shore Capital keeps its “buy” recommendation on the supermarket as it ends its first financial half. It sees a good performance in the core UK market tempered by lower Asian and European growth, leading to a 4.3 per cent cut to Shore’s earnings per share forecast.