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Best of the Brokers for 13 June 2014
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TED BAKER
Cantor Fitzgerald has reiterated its “buy” rating for Ted Baker, maintaining its target price of 2350p after results this week. The broker believes that management’s focus on high standards and international expansion will ensure the retailer has a wealth of opportunities for growth.
PROVIDENT FINANCIAL
Citigroup has upgraded the sub-prime lender to “buy” from “neutral”, increasing the target price to 2,530p from 1,825p. The broker believes Provident’s price is likely to see further gains on its new earnings forecasts and exciting growth prospects from its Satsuma loans.