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Best of the Brokers for 14 October 2014
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TESCO
Cantor Fitzgerald has puts its target price under review and has no rating on the retailer after it said there could be “a lot more issues” for Tesco in the wake of an internal audit review of its commercial practices.
WH SMITH
Canaccord Genuity has kicked off coverage of WH Smith with a “buy” rating for the group and a target price of 1,225p. Analysts at the broker think the newsagents has reached an “inflexion point” and is set to see positive like-for-like sales growth.