News Column


January 28, 2014

To appear in Best of the Brokers, email your research to SMITH & NEPHEW UBS has upgraded the medical technology group from "neutral" to "buy" with a target price raised from 780p to 1,000p. The broker is impressed by the popularity of S&N's new knee replacement, and thinks the firm's wound care product Santyl can grow 18 per cent over the next three years. HOME RETAIL GROUP Espirito Santo has a "sell" rating and fair value of 115p for the retailer. Despite rising consumer confidence in the UK , the broker points out that Britons have cut spending on home improvements. Nevertheless, Espirito Santo thinks the data bodes better for HRG than B&Q owner Kingfisher. DOMINO'S PIZZA Peel Hunt tells investors to "buy" a slice of Domino's and has set a target price of 594p. The broker thinks the pizza seller is moving well from a fast-growth firm to a mature business, with efficient infrastructure and a chairman who is well-placed to lead the search for a new chief executive.

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Source: City A.M. (UK)

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