News Column

BESTOF the BROKERS

May 30, 2014



AMEC Berenberg has initiated on Amec with a "buy" recommendation and a target price of 1450p. The broker says the merger with Foster Wheeler will give Amec "transformative potential" through revenue synergies, with likely sustained strong earnings growth provided by its North Sea exposure.


TESCO Shore Capital is recommending to "sell" Tesco at 303p, with an expectation of a decline in like for like sales ahead. The broker believes increasing UK customer perception of Tesco as expensive compared to lower-cost rivals, and raised concerns about Tesco's core chain and the robustness of current forecasts.


IMI UBS upgraded FTSE 100 engineering firm IMI from "neutral" to a "buy" rating with a higher target price of 1,700p, up from 1,600p. The broker said the upgrade reflected increased confidence in new chief executive Mark Selway's ability to accelerate organic sales growth.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: City A.M. (UK)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters