Broker Tips
Broker tips: Sage Group, Whitbread, ASOS, Vedanta Resources
Citi still sees potential in Sage Group despite the surprise profit warning last week, with the bank's conviction unchanged on its belief in the demand for the accounting software firm's products.
Analysts see value in Whitbread break-up
With 10% of Whitbread shares now in activist investor hands following the emergence of Elliott Advisers, analysts from Credit Suisse, Stifel and Numis offered varying opinions on how much value can come from the breaking-up of the Costa Coffee and Premier Inns owner.
Goldman Sachs downgrades Vedanta as protests embroil smelter
Analysts at Goldman Sachs downgraded Vedanta Resources on Monday, citing concerns regarding the mining firm’s leverage and operational issues.
Sage still a 'buy' for Citi despite profit warning
Citi still sees potential in Sage Group despite the surprise profit warning last week, with the bank's conviction unchanged on its belief in the demand for the accounting software firm's products.
Monday broker round-up
Rentokil: Deutsche Bank downgrades to hold with a target price of 310p.
Credit Suisse downgrades ASOS after H1 results, but it's still a 'buy' for Shore
Credit Suisse cut its stance on ASOS to 'underperform' from 'neutral' on Monday and slashed the price target to 6,075p from 7,050p, saying the first-half results exposed some of the challenges of its growth model as customer growth moderated and the tailwind from FX this past year and a half largely ran its course.