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UBS has a “buy” recommendation on the bike and car parts retailer and has raised its price target to 530p from 435p. The broker said that Halfords is beginning to improve its specialist credentials but the majority of the turnaround plan is yet to come.
Canaccord Genuity has a “buy” rating on the insurer and retains its target price of 460p. “We think Aviva could grow its new business sales from next year onwards on the back of ongoing restructuring,” said the broker, adding that the UK life business was “a work in progress”.
Berenberg has a “buy” rating and a 411p target on the telecoms giant – while keeping its “sell” rating on rival BSkyB following the Champions League rights auction. The broker reckons BT could snatch Sky’s coveted Premier League rights for £1.15bn a year.