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Shares in the broadcaster rose yesterday as Liberum Capital’s Ian Whittaker predicted that ITV could pay out £1.3bn in special dividends over the next three years. Liberum upgraded the company’s target price from 155p to 200p and retained its “buy” recommendation.
Josh Lipman at Citigroup has upgraded the online gambling exchange from a “hold” to a “buy” recommendation, saying that Betfair’s rejection of a 950p-per-share offer from CVC indicates more potential for growth than previously thought. Citi has pinned its target price at 950p.
Shore Capital has handed the wealth management firm a vote of confidence, giving it a “buy” recommendation against its previous “hold” guidance. Analyst Owen Jones said the company has made great progress towards improving its profit margins by the end of next year.