r /> Nomura rates BP “buy” after the oil group’s recent annual strategy review. The bank said that although BP has not sought to radically shift its agenda, the strategy provides a basis for continued delivery of superior profitability against its sector peers.
Evolution reiterates its “neutral” rating on Schroders ahead of today’s full-year results. It expects new cash to support revenues, but says the shares are already fully valued. It remains Evolution’s favourite asset manager.
Collins Stewart says now is a good time to “sell” Provident Financial, saying 800p is a good target price with the net asset value just 200p a share. It says market conditions will not improve near-term and expects market forecasts to be cut soon.
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