BEST OF THE BROKERS
RYANAIR
RBS said that there is a lack of visibility on Ryanair’s equity, as it reiterated its “buy” rating with a reduced target price of 350p. The broker highlighted the airline’s uncertain growth rate as it comes to terms with the maturing of its business, and said that getting Boeing to engage in serious aircraft negotiation seems challenging.
CARPETRIGHT
Investec upgraded its forecasts for Carpetright to incorporate sales benefits from new contracts with UK housebuilders and insurers. But the broker remains a seller of the stock on valuation grounds as it believes the market has over-valued the company’s recovery prospects. It has a target price of 680p for the shares.
MAN GROUP
UBS upgraded Man to “neutral”, from “sell”, to reflect the group’s reduced regulatory risk from the Commodities Future Trading Commission, increased dividend forecasts and recent share price underperformance. The broker also increased the target price from 310p to 320p, but said that the group still faces headwinds.
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