UBS has cut its rating on the commodities giant from “buy” to “neutral” and raised its target from 330p to 335p, as the shares have bounced back 32 per cent from the trough. The broker remains upbeat about Glencore’s cost-cutting plans until copper and coal prices improve.
Numis has a “buy” rating and 220p target on the online gaming group, as the firm’s technology is used in a new venture in America. The Caesars poker project will be “an important showcase for 888”, the broker believes.
Canaccord Genuity tells investors to “buy” the asset manager, raising its rating from “hold”, and has boosted its target from 161p to 220p. The broker is pleased with underlying fund performance and points to Henderson’s track record of returns to shareholders.