Credit Suisse has increased its target price for Compass to 634p and retained its “outperform” rating. Credit Suisse says that the food group’s growth outlook together with a further targeted margin improvement and acquisition potential justify a premium rating. Increases its 2010 earnings per share forecast to reflect stronger growth.
Royal Bank of Scotland (RBS) upgrades Irish media group to “buy”. Says INM is more investable following its capital restructuring and board changes. RBS said INM is now focused on three newspaper markets where it has market-leading positions and where there are signs of either stabilisation or recovery.
Citigroup has issued a “buy” recommendation on Barratt Homes and said the development group is on track to deliver profits during the second half of the year. Higher selling prices, up 15 per cent, said Citi, combined with continued cost control are leading to a significant improvement in operating margins.