Cannacord Genuity lifts its target price for the information services firm by almost ten per cent to 985p but maintains a “sell” recommendation. The broker cuts its earnings estimates for the next two years by three and four per cent due to an expected softening in demand growth in Brazil.
Numis Securities reiterates a “hold” rating for the owner of Costa Coffee and Premier Inn with a target price of 2,900p following an investor conference. Management said the firm was considering an expansion of Premier Inn to Germany while focusing on growth in London.
Espirito Santo increases its target price for the financial services firm to 353p from 270p and upgrades its rating to “neutral” ahead of quarterly results next week. The broker notes that uncertainty remains due to continued deleveraging and the Libor investigation.
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