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Canaccord Genuity maintains a “buy” rating for the retailer with a target price of 1000p ahead of it preliminary results next month. The broker thinks the firm’s recent underperformance relative to sector peers is unfounded as Supergroup has leading like for like sales.
Deutsche Bank upgrades its rating for the home builder to “buy” from “hold” and raises its target price to 878p from 863p. The lender believes a recovery in new home building could drive an upside of 60 per cent in pre-tax profits and 45 per cent in the firm’s valuations by 2016.
Espirito Santo increases its target price for the lender to 850p from 800p and reiterates a “buy” rating. The broker believes lower capital consumption and lower impairments driven by the US housing recovery will allow for the increased shareholder returns.