BEST OF THE BROKERS
BMW
Goldman Sachs rates the carmaker a conviction “buy” and has a target price of €120 (£106). The broker has raised its earnings forecasts by nine per cent ahead of consensus, and expects further sales rises.
EADS
RBS rates the defence corporation a “buy” and has raised its target price by €2 from €25 (£22.08) to € 27 (£23.84). But the broker warns that the firm may not see earnings rise significantly until 2015.
VOESTALPINE
Citi rates the group a “buy” and has raised its target price to €40.00 (£35.32) from €37.00. The broker has raised its earnings per share forecasts to 1.9 per cent ahead of consensus, following VOE’s results.