Canaccord Genuity has cut its target for African Barrick Gold, Tanzania’s largest gold miner, from 440p to 380p and maintained its “hold” rating. In mid-July the shares were trading at just 320p but takeover speculation has pushed up the price.
Peel Hunt has upgraded publishing giant Mecom to “buy” with a target price of 167p after the company said it was conducting a strategic review of its operations. The broker believes this may result in the profitable disposal of many assets.
J FISHER & SONS
N+1 Brewin has upped its target price for Cumbrian marine transportation firm J Fisher & Sons from 780p to 799p with a “buy” rating. The broker says the company offers a “unique investment opportunity in growth markets across the globe”.