Panmure Gordon has restated its “hold” rating with a 340p target price ahead of tomorrow’s interim results. The broker believes the results – under new chief executive Mark Wilson – will “read well” but cautions there is much more to be done before it becomes an enticing investment case. “It will take more than a good quarter to demonstrate that Aviva has truly turned a corner,” the note adds.
Cantor Fitzgerald has reiterated its “buy” rating on the electronics retailer Dixons, while increasing its target price from 35p to 42p ahead of tomorrow’s full-year results. The broker believes the collapse of rival company Comet will boost the bottom line and the company has been assisted by “a strong product cycle” and signs of revival in the sector. However it cautions there will be no dividend payment.
Investors should ignore Standard Chartered’s disappointing set of first quarter results and “Buy” the shares, according to Investec, which has issued a 1900p price target. Following a hefty sell-off the banking giant is now trading at an “unprecedented and (we believe) unsustainably discounted” value, according to the analysts, who attack “scare stories” that have damaged the stock.