To appear in Best of the Brokers, email your research to firstname.lastname@example.org
Panmure Gordon has reiterated its “buy” rating and target price of 806p for Wetherspoons, which is due to report its full-year results on Friday. The broker expects the pub chain to report a “solid” two per cent growth in like-for-like sales despite tough comparatives on last year.
Peel Hunt has maintained its “hold” recommendation and 350p target price ahead of housebuilder’s annual results on Wednesday. The broker expects Barratt to deliver vastly improved figures as a result of a modest improvement in volumes and prices and a more material pick-up in margins.
Deutsche Bank views Whitbread’s growth story “as one of the most robust in the sector” and reiterated “buy”, with a target price of 3,325p. But the bank is expecting a muted second quarter trading update tomorrow and that the hot weather will have slowed the pace of like-for-like sales at Costa Coffee.