RBC has upgraded the security outsourcing group to “outperform” from “sector perform” with a target price of 260p ahead of potential actions by new management. Given the firm’s debt position, the broker thinks potential disposals or capital raisings are likely and would improve the balance sheet.
UBS has upgraded the platinum miner to “neutral” from “sell” and upped its target price to 280p from 230p. The broker sees a rise in production guidance, lower costs, and a new chief executive as positive signs. UBS holds back from a “buy” as strike risk limits significant price re-rating in the short term.
Numis Securities initiates coverage of the brewer with a “buy” rating and a target price of 3,700p. The broker encourages investors to “hop on board” as current valuation does not reflect the potential growth upside, particularly in emerging markets.
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