Broker Tips
Broker tips: De La Rue, Intertek, Whitbread
Analysts at JP Morgan on Wednesday reiterated an 'overweight' rating of British banknote manufacturer De La Rue on the basis that its expected dividend implies an "attractive" 5% yield.
JP Morgan remains confident in De La Rue after unsuccessful passport bid
Analysts at JP Morgan on Wednesday reiterated an ‘overweight’ rating of British banknote manufacturer De La Rue on the basis that its expected dividend implies an "attractive" 5% yield.
Intertek knocked lower by Credit Suisse downgrade
Intertek was under the cosh on Wednesday as Credit Suisse cut its stance on the stock 'underperform' from 'neutral' and slashed the price target to 4,600p from 5,450p to reflect slightly lower near-term forecasts and an increased risk in the testing sector.
Wednesday broker round-up
CityFibre: RBC Capital Markets downgrades to sector perform with a target price of 81p.
Canaccord buys into Whitbread demerger plans
Analysts at Canaccord Genuity bought into Whitbread's announced de-merger with its Costa Coffee arm, arguing that there were no synergies to be had from keeping the two together.