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DAILY MAIL & GENERAL TRUST
UBS keeps its “neutral” rating but hikes its target from 780p to 920p following the media group’s full-year results. The broker thinks the strength of the firm’s Zoopla website will continue to drive the share price, even if the business is not spun out.
Cantor Fitzgerald maintains its “buy” recommendation and has raised its target from 1,250p to 1,500p after last week’s trading update. The broker sees “a conspicuous improvement” in JD Sports’ stores over the last 18 months, which could be exported overseas.
Numis has an “add” rating and target of 925p ahead of the pub group’s first-half profits tomorrow, which the broker thinks will be up six per cent to £86m. The broker thinks the wintery weather might have slowed like-for-like sales growth.