views

BEST OF THE BROKERS

AUTONOMY
Credit Suisse reiterates Autonomy’s “outperform” rating after raising its target price from £20 to £22. Credit Suisse has raised its 2010 revenue and earnings per share estimates as its analysis of underlying original equipment manufacturing vendors indicates an acceleration in license growth in the next 12 months.

BMW
Standard & Poors (S&P) reiterates its “strong buy” recommendation on BMW. S&P said its rating reflects balance sheet improvements and increasing visibility on BMW’s impending recovery path. Says recent esults held few surprises, although earnings quality proved strong. Overall, believes BMS is more confident.

INTERMEDIATE CAPITAL
Numis Securities reiterates its “buy” rating on Intermediate Capital with a target price of 343p. It continues to believe that if the market does not ascribe an appropriate value to the asset management business Intermediate Capital may look to seek a partial listing of this business, thereby forcing the market to value it.