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UBS kept its “buy” rating on the housebuilder and increased its target from 1,675p to 1,760p. The broker expects the firm to post a six per cent rise in full-year profits at £205m on 15 per cent volume growth. UBS also thinks supply chain savings could push earnings further.
Numis confirmed a “buy” rating for the online gambling company with a 200p target price ahead of a trading statement tomorrow. The broker thinks the update will bring some festive cheer to investors, but adds that Bwin has a lot to prove with its new US venture in 2014.