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Shore Capital sticks to its “hold” rating and 256p target ahead of the food group’s quarterly results on 2 April. The broker predicts double-digit growth in the “food to go” business, tempered by slower growth in ready meals, and expects to upgrade its full-year forecasts after the results.
UBS has cut the oil services group from “buy” to “neutral” and raised its target from 730p to 820p following th stock’s 16 per cent rise in the year to date. The broker is still impressed by Kentz’s growth trajectory in an industry that is elsewhere beset by delays and falling profit.
Canaccord Genuity has started covering the life and asset manager with a “buy” rating and 400p target. The broker thinks Standard Life is well-placed to capitalise on the savings changes announced in last week’s Budget and in turn raise its dividend.