BEST of the BROKERS
DOMINO’S PIZZA
Liberum Capital has upgraded the pizza delivery company from “sell” to “hold” with a target price of 414p, and raises its full-year earnings per share by five per cent. The broker says Domino’s should benefit from the recent bad weather, and expects a strong trading update on 23 July.
INVESTEC
Numis rates the specialist bank and asset manager as a “buy” with a target price of 505p, saying the stock is far too cheap despite poor results. The broker has reduced its pre-tax profit forecasts from £526.8m to £490.3m this year, but says Investec is well placed to benefit from economic recovery when it comes.
INMARSAT
UBS has a “buy” rating on the mobile satellite company, and has lowered its target price from 665p to 545p, saying growth remains weak and it expects trends to improve only slowly from the second quarter. The broker is looking to the October Ka-band presentation as a catalyst for the shares.