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Numis has started covering the newly-floated care home company with a “buy” rating and 340p target price. The broker reckons Cambian can deliver an earnings growth rate in the mid-teens, and thinks the current price does not reflect the prospects of this specialist care provider.
Berenberg has upgraded the broadcaster from “sell” to “hold” and nudged its target up from 175p to 180p to reflect the recent purchase of Leftfield Entertainment. The broker had already priced in ITV’s recent weak audience share figures, which it thinks are still spooking the market.
Jefferies has cut the supermarket from “buy” to “hold” and lowered its target from 320p to 310p. The broker thinks the recent rise in Tesco’s shares fails to account for growing headwinds for the grocer’s margins and pressure on cashflow.