Best of the Brokers for 31 March 2014
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ITE GROUP
Peel Hunt has placed ITE Group under review following a serious currency hit for the conferencing group and added effects of lost Ukrainian sales. The broker said that for 2015 the ongoing geopolitical impact of the Russian conflict with Ukraine has caused further uncertainty.
DAILY MAIL AND GENERAL TRUST
Barclays is disappointed with the delays to Daily Mail and General Trust’s launch of a Risk Management Solutions product. The broker held its “neutral” rating for the publisher, but cut its target price from 1,070p to 1,000p. The delay hits confidence in the firm, Barclays reckons.