N+1 Singer reiterates its ‘buy’ rating on Brewin Dolphin saying its final results last week exceeded its forecasts. Highlights improvement in operating margin, and says the results provided clarity on progress and direction.
UNITED BUSINESS MEDIA
Deutsche Bank upgrades UBM to ‘buy’ and raises its target price to 830p from 750p. It believes after a tough 2013 restructuring the business, that 2014 will showcase what a good business events is. “High margins and market share, globally extensible and ‘digital proof’,” it forecasts.