To appear in Best of the Brokers, email your research to email@example.com
Panmure Gordon has maintained its “hold” rating on the tobacco company and left its earnings forecasts unchanged, ahead of new legislation to introduce plain packaging in the UK. The broker warned this would be a concern in the long term but expects it to have little short-term impact.
Peel Hunt has maintained its “hold” recommendation on the gold miner but raised its target price from 52p to 57p, “on the back of a strong 2013 performance”. The broker said Centamin has attractive exploration assets but warned of ongoing uncertainties to do with a legal dispute.
N + 1 Singer has downgraded its recommendation on the carpet retailer to “hold” from “buy”, after a recent update showed it had failed to benefit from improved UK housing market activity, with growth slowing down in the last quarter. The broker left its price target unchanged at 640p.