Broker Tips
Broker tips: Acacia Mining, Restaurant Group, Experian
Jefferies slashed its target price on Acacia Mining by 41% to 265p after a Tanzanian presidential committee accused the miner of under-reporting gold contained in 277 containers for export.
Friday broker round-up
GlaxoSmithKline: Berenberg upgrades to Buy with a target price of 1885p.
Petrofac falls again after RBC downgrades on contract implications from SFO probe
Petrofac shares lost further ground on Friday after RBC Capital Markets downgraded its recommendation and hacked its target price down due to the implications of a criminal investigation by the Serious Fraud Office.
Jefferies slashes Acacia target price as sees low chance of solution
Jefferies slashed its target price on Acacia Mining by 41% to 265p after a Tanzanian presidential committee accused the miner of under-reporting gold contained in 277 containers for export.
JPMorgan upgrades Restaurant Group, says shares are too cheap
JPMorgan Cazenove upgraded Restaurant Group to 'overweight' from 'neutral' and lifted the price target to 380p from 340p following the company's first-quarter update on Friday, as it now sees upside to the share price.
Experian drops on Deutsche Bank downgrade
Credit checking agency Experian was under the cosh on Friday as Deutsche Bank downgraded the stock to 'sell' from 'hold' and cut the price target to 1,460p from 1,560p.