BEST OF THE BROKERS
DOMINO’S PIZZA
Numis rates the pizza maker a “buy” with a 600p target price as it says the market expects the firm to report negative like-for-like sales for the second quarter after hot weather in April and May. The broker instead believes new product launches and growing lunch and late night sales should fuel 12 months of strengthening sales.
WS ATKINS
Panmure Gordon rates the design and engineering firm a “buy” with an 860p target price, arguing that it has a strong structural growth case thanks to growing global investment in infrastructure. It says Atkins has the resources, reach and record to capitalise on this, while its move into the US should give it more short-term catalysts.
UNILEVER
JP Morgan Cazenove rates Unilever “overweight” with a £23.00 target price as it believes its current valuation discount reflects pessimism about its first-half performance and doubts whether it can deliver an earnings turnaround. The broker believes Unilever could see 11 per cent earnings per share growth by its 2012 full-year results.