<strong>KESA</strong><br />JP Morgan analysts believe that Kesa offers investors a restructuring story with the potential to deliver around 100 per cent earnings per share growth over two years. The broker views the firm’s continued investment in new markets as a positive, especially as it has been achieved with a capex reduction. It remains “overweight” on the stock with a 130p price target. <br /><strong><br />ANGLO AMERICAN</strong><br />Barclays Capital has changed its earnings per share estimates for Anglo American in light of the broker’s new, higher copper price assumptions and also on the assumption of a stronger rand. The broker has increased its target price for the shares to 2,300p from 1,700p and upgrades its recommendation to “overweight”, in light of Xstrata’s merger proposals.<br /><strong><br />PREMIER OIL</strong><br />Collins Stewart raised its target price for Premier Oil to 1,325p based on the announcement of a successful Vietnamese exploration well. The broker thinks that the discovery opens up significant exploration potential in the area and believes it highlights the underlying strengths of Premier’s Asian assets. The analysts recommend that investors “buy” the stock.