Best of the Brokers for 07 February 2014
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DAILY MAIL AND GENERAL TRUST
Nomura has hiked its target price on shares in the Daily Mail-owner to 1,060p , up from 900p, albeit maintaining its “neutral” rating. Nomura cited slightly higher advertising growth and a lower print decline. DMGT said this week that its property website Zoopla may be set to float.
GLAXOSMITHKLINE
Societe Generale has slightly lowered its target price in the British pharma giant (from 1,960p to 1,950p) yet maintained its “overweight” rating. Glaxo remain’s SocGen’s preferred stock in the industry, yet the analysts warn that it must show “commercial traction” from its new drugs.
PRUDENTIAL
The insurer’s shares were boosted yesterday by a positive note from Barclays which reiterated the bank’s “overweight” rating. “Prudential’s Asian growth and profitability are relatively insulated from economic fluctuations” it says, brushing aside recent macro problems.