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Jefferies reiterated its “buy” rating on the dairy group, and said it is “positive on the outlook for cheese and whey and the cashflow attractions of spreads”. Target price rose from 535p to 640p.
Canaccord Genuity maintained its “speculative buy” recommendation on the oil firm but noted a “clear downside risk in the continuing current oil price environment”. Target price is 45p, down from 70p.
N BROWN GROUP
Peel Hunt reiterated its “hold” rating on the home shopping business, noting that the scale and depth of change are “bigger tasks than first imagined by investors and management alike”.