Evolution Securities has reiterated its “buy” rating on the stock ahead of this week’s interim results. The broker, which has a price target of 235p, is confident that current trading will be “excellent” due to the strong box office performance of hits like Toy Story 3, offsetting a weaker second quarter.
S&P Equity Research rates the Prudential a “buy” after last week’s first-half results. It expects the group’s favourable business profile will lead the shares to outperform, outweighing a likely one-year slowdown in embedded value operating profit growth in 2011 as US margins normalise.
Charles Stanley keeps its rating on IHG as a “hold” for the time being, despite better-than-expected interims last week. The broker is cautious over the increasing uncertainty of the shape of the global economic recovery, giving rise to short booking windows and limited visibility in the hotel sector.