Gambling business 888 has seen its shares fall in line with the rest of the stock market over the last month. But Investec analysts believe the company has “limited connection to the market cycle” and have reiterated their “buy” recommendation with a target price of 185p.
Investec has upgraded the Cambridge-based chip designer from a “hold” to a “buy” rating, providing some relief to investors who have seen the firm’s share price fall by almost a third in the last month. Pointing to “strong fundamentals”, Investec upped ARM’s target price to 1000p.
Panmure Gordon has upgraded Computacenter from “hold” to “buy” in the face of what it perceives to be a changing enterprise IT center, sparked by a tie-up between Orale and Microsoft. The company is “well-placed to capitalise on buyer uncertainty” with a target of 474p.
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