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Best of the Brokers for 30 September 2014
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MICRO FOCUS INTERNATIONAL
UBS has upgraded from “Neutral” to “Buy”, and raised the target price from 900p to 1,140p. The broker believes the deal with Attachmate may be transformational, and there is a good chance of management coming through on the cost side of the equation to drive earnings higher.
INTELLIGENT ENERGY HOLDINGS
Canaccord Genuity has initiated with a “Buy” rating and target price of 429p. The broker thinks that Intelligent Energy Holdings has developed disruptive hydrogen fuel cell technology with market-leading efficiency and cost, and is well positioned to disrupt several end markets.