JP Morgan Cazenove rates the outsourcing and packaging group “neutral” with a target price of 835p. The broker has raised its estimates by two per cent to account for forex and acquisitions boosting revenues, and now expects earnings per share of 68.4p next year. JP Morgan sees Bunzl’s trading update this week as an encouraging reminder that the firm is a defensive business that has not suffered so far from weakening global economies.

Citi has upgraded the printing group from “neutral” to “buy” with a target price of 577p. Domino’s year-on-year earnings growth of 10 per cent was slightly ahead of the broker’s expectations, and the 20 per cent dividend hike was also a pleasant surprise. Citi thinks recent share price weakness gives a good opportunity to buy in, with earnings expected to grow by almost eight per cent in the coming year.

UBS rates the telecoms group “buy” with a 12-month target price of 200p. The broker has lowered its revenues forecasts as it expects slower subscriber growth, but reckons the firm’s margins will remain solid. UBS also sees on-demand TV service YouView as key to TalkTalk’s growth in the next two years. It also notes that the firm is on the UBS M&A watch list.