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UBS thinks the mining group is a “buy” and has a target price of £40 ahead of a production update tomorrow. The broker thinks iron ore output will be eight per cent down on the previous quarter, due to tough weather in Canada, and expects to see progress at the Pilbara project.
Peel Hunt tells investors to “hold” the housebuilder and has a target of 128p ahead of a trading statement on Thursday. The broker thinks Taylor Wimpey doesn’t offer the same capital prospects as Persimmon, which will issue an update on Wednesday, or Berkeley, though the firm is trading well.
Deutsche Bank has a “hold” rating on the luxury brand and a target of 1,575p as it looks ahead to quarterly results on Wednesday. The broker is expecting like-for-like sales up 10 per cent, though currency movements could trim five per cent from earnings.