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UBS has upgraded the online real estate company from “neutral” to “buy”, with the target price unchanged from 3020p. The broker thinks Rightmove offers promising long term growth against the backdrop of an improving UK housing market, with better margins than its internet rivals.
Berenberg is now covering the cruise operator, beginning with a “buy” rating and target price of 3,000p. The broker thinks Carnival’s brands are on the recovery route after the sinking of the Costa Concordia in 2012, and this recovery will be aided by improving consumer confidence.
Westhouse Securities has initiated coverage of the accounting software firm, setting an “add” rating and a target price of 467p. The broker believes the software firm could bounce back from recent stagnancy if it manages to monetise its customer base with a new cloud-based offering.