UBS has maintained its “buy” rating on the firm and upped its target price to 370p from340p, after raising multiples to reflect good relative flow prospects for 2013.
Numis has initiated cover of the video search engine with a “buy” rating and a target price of 104p. The broker sees scope for it to produce very strong revenue growth as its platforms expand.
MARKS & SPENCER
Panmure Gordon has lowered its target price on the retailer from 389p to 397p after lower than expected revenue growth but maintained its “buy” rating on the stock.