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Brokers Canaccord Genuity upgraded their recommendation on estate agency Foxtons from hold to buy, with a November 2014 target of 320p. The analysts believe Foxtons can capitalise on a .London web address, boosting the firm’s reputation worldwide and upping its share price.
International Consolidated Airlines Group had its stock’s target price hiked by brokers at Nomura yesterday. The analysts think IAG has strong potential in Spain and Portugal, and raised their target price to 380p. Healthy British Airways performance in the Atlantic is also predicted to help.
Deutsche Bank slashed the target price on Partnership’s stock from 470p to 385p, but kept the assurance group’s rating steady at hold. The broker cited poor sales figures as the reason for the downgrade, and does not think the numbers will recover for around six months.