Broker Tips
Broker tips: Royal Mail, Chemring
Royal Mail surged on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’ and lifted the price target to 374. 0p from 253. 0p, saying it sees a potential strong improvement in trading over the next 18 months, due in part to an improved revenue outlook.
Berenberg nudges up target price on Chemring
Analysts at Berenberg slightly raised their target price on aerospace and defence firm Chemring from 300. 0p to 320. 0p on Wednesday, stating cash was "king".
Citi predicts rebound for European miners
Citi named Anglo American, Rio Tinto and Polymetal International as its top metals and mining picks as the bank predicted earnings recovery and higher dividends for the sector.
Royal Mail surges on JPMorgan upgrade to 'overweight'
Royal Mail surged on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’ and lifted the price target to 374p from 253p, saying it sees a potential strong improvement in trading over the next 18 months, due in part to an improved revenue outlook.