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MICRO FOCUS INTERNATIONAL
Panmure Gordon keeps the IT group at a “buy” rating with a target of 851p. The broker says Micro Focus is “sailing along nicely”, with a solid 10.1 per cent dividend yield, and that investors should take advantage of a 7.4 per cent share price underperformance in the past month.
Berenberg repeats its “sell” recommendation on the media group and cut its price target from 750p to 680p. The broker is worried about BT’s victory in the fight for Champions League rights, arguing it could spell a bidding war for the Premier League and hit Sky’s advertising revenues.