To appear in Best of the Brokers, email your research to email@example.com
Deutsche Bank has cut the supermarket to a “sell” rating and lowered its target from 200p to 190p, following the stock’s rally in recent weeks. The broker expects no improvement for now in Morrisons’ dwindling like-for-like sales and does not expect imminent takeover interest.
Numis has a “buy” rating and 420p target on the cinema chain. The broker is impressed by the firm’s 31 sites in Poland, viewing them as better than British cinemas, and believes the innovation there should benefit Cineworld’s UK business as it expands.
UBS has raised its rating on the clothes retailer from “sell” to “neutral” and cut its target from 535p to 485p. The broker thinks N Brown’s shares have been sold off recently as part of a broad exit from internet stocks, given its online presence, but believes its UK business is performing well.