Best of the Brokers for 22 December 2014
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IAG
Cantor Fitzgerald reiterated its “hold” rating, following last week’s news that Aer Lingus had rejected IAG’s takeover offer. The broker said that the future of smaller airlines in Europe remains uncertain due to intense competition in short-haul, and said the fit with IAG is a good one.
AVEVA GROUP
Westhouse Securities reiterated its “add” rating. The broker stated that the firm’s shares “are clearly under pressure given the on-going weakness in global oil prices and the significant exposure that the group has to this marketplace”.