Analysts at Deutsche Bank have upgraded the jeweller to a “buy” and increased its target price from $73 to $85. The bank said sound cash generation should provide scope for further share buybacks and dividends.
Panmure Gordon has upgraded the housebuilder from “sell” to “hold” and upped the target price on the stock from 89p to 100p after it said the price had fallen sufficiently. It added that the company would trade well over the autumn.
TATE & LYLE
Broker Numis has lowered its target price on the company slightly to 878p after analysts were given a briefing on the company’s Splenda sweetener product. It said a pricing down of the product and a fall in US corn prices would impact earnings leading to a lowering of the price.