Morgan Stanley has stuck to its “overweight” rating on the gold miner and raised its target price from £46 to £49. Despite the waning gold price, the broker thinks Randgold’s high-quality mines enable it to keep generating substantial cash flows.
SPIRIT PUB COMPANY
Panmure Gordon keeps its “buy” rating and price target of 93p following the pub chain’s investor day last week. The broker thinks the firm has made great strides since its split from Punch Taverns two years ago, and contains further growth potential in its planned smaller outlets.
Numis has a “hold” recommendation and 370p target on the homewares retailer ahead of a trading update tomorrow. The broker expects to see four per cent sales growth at B&Q, helped by the warm weather, and strong progress at Screwfix.