Broker Tips
Broker tips: Inmarsat, Lloyds, Countrywide
Morgan Stanley hailed Inmarsat's decision to axe its dividend payout by almost two-thirds, but warned clients the company's debt pile was set to continue growing.
Credit Suisse reiterates 'underperform' rating for Countrywide after 'flawed strategy'
Analysts at Credit Suisse maintained their ‘underperform’ recommendation for shares of Countrywide on Tuesday, citing a range of negative factors which were expected to bear down on the share price.
Morgan Stanley says Inmarsat dividend won't be covered by free cash flow until 2021
Morgan Stanley hailed Inmarsat's decision to axe its dividend payout by almost two-thirds, but warned clients the company's debt pile was set to continue growing.
Tuesday broker round-up
Randgold Resources: Canaccord upgrades to buy with a target price of 7,000p.
Credit Suisse positive on European banks, including Lloyds
Analysts at Credit Suisse sounded a positive note on European banks, telling clients earnings upgrades driven by revenue growth should see the group re-rate and that lenders' shares were pricing in only modest interest rate increases.