Numis stuck with its “hold” rating and 84p target for Advanced Medical Solutions, following results yesterday that were in line with estimates. The outlook for Advanced Medical Solutions remains positive with progress expected in the company’s Bulk business and US LiquiBand.
MARKS & SPENCER
Shore Capital reiterated its “buy” rating for Marks & Spencer with a target price of 509p, on the back of building long term momentum in the company following a strong Spring/Summer offering and hopes that the Autumn/Winter clothing collection is starting to gain traction.
Beaufort Securities keeps its “speculative buy” rating and a 5.75p price target following Kibo Mining’s announcement yesterday that it has raised an additional £500,000 through the issue of 10m ordinary shares at 5p a share. The broker is pleased with the firm’s exploration progress.