Broker Tips
Broker tips: Sainsbury's, Pearson, Imperial Brands, Vertu Motors
Synergies from Sainsbury’s agreed purchase of Asda from Walmart could be as high as £1. 5bn, Berenberg analysts said as they raised their price target for the FTSE 100 grocer.
Vertu seen as more favourable prospect by Canaccord, who hikes target
The UK's fifth largest motor retailer Vertu Motors was seen as a more favourable prospect by Canaccord Genuity after the AIM-quoted firm posted a rise in pre-tax profits in its most recent trading year, despite seeing a slight decrease in revenues.
Sainsbury's-Asda synergies could be £1.5bn, Berenberg says
Synergies from Sainsbury’s agreed purchase of Asda from Walmart could be as high as £1. 5bn, Berenberg analysts said as they raised their price target for the FTSE 100 grocer.
Credit Suisse ups target price on 'confident' Pearson
With Pearson's management showing signs of increasing confidence as the first quarter drew to a close, analysts at Credit Suisse saw reason to believe that the FTSE 100 educational publisher can deliver stronger earnings this year than first envisaged.
Imperial Brands shares 'too cheap' for RBC Capital
First-half results from tobacco giant Imperial Brands impressed RBC Capital Markets, which saw management "doing the right thing" and the shares "too cheap".