Broker Tips
HSBC boosts target on Page Group, hails profit growth and capital discipline
HSBC hiked its target price for Page Group shares sharply higher and reiterated its 'Buy' recommendation as the company's bottom line growth above its own estimates forced the broker to concede that it may have been to "conservative".
Credit Suisse sees more M&A ahead at Intertek, lifts target
Constrained organic growth from the ongoing malaise in the Resources sector meant the current 'risk and reward' relationship in Intertek shares was "unattractive", Credit Suisse said, although looking further out more acquisitions would help remedy that.
Don't be lured into Mexican shares, Credit Suisse says
Strategists at Credit Suisse cautioned clients not to be lured into buying Mexican equities, even as they reduced their 'Underweight' position, citing eight reasons why recent strength in the MSCI Mexico index on the back of strength in the country´s currency, the peso, might be potentially misleading.
Broker tips: Meggitt, Reckitt Benckiser, Page Group
Engineer Meggitt got a boost on Wednesday as Bank of America Merrill Lynch upgraded the stock to 'buy' from 'neutral' and lifted the price target to 530p from 490p.
Berenberg hails Reckitt Benckiser's good timing in Mead acquisition
Berenberg sounded a confident note on the prospects for Reckitt Benckiser in 2017, telling clients it expected to see a steady improvement in the company's like-for-likes throughout the year, with trading at its recently acquired US rival Mead also likely to improve.
Wednesday broker round-up
Meggitt: Bank of America Merrill Lynch upgrades to Buy with a target price of 530p.
Meggitt boosted by Merrill upgrade to 'buy'
Engineer Meggitt got a boost on Wednesday as Bank of America Merrill Lynch upgraded the stock to 'buy' from 'neutral' and lifted the price target to 530p from 490p.