News Column


June 12, 2014

HAYDALE GRAPHENE Cantor Fitzgerald has started covering the graphene development firm with a buy rating and a target price of 160p. While the shares have lost around half of their value since the IPO in early April this year, the broker believes Haydale has a strong position as an early mover in graphene.

PREMIER FOODS Goldman Sachs has upgraded Premier Foods from "neutral" to "buy", also increasing the target from 75p to 90p. Following a capital restructuring earlier in the year, the broker thinks there is a prospect of a dividend in 2015 and comfortable deleveraging in the rest of the decade.

PURE CIRCLE Numis has rated the sweetener producer as a "hold", up from "reduce", with a target price of 600p. The announced launch of Coca-Cola Life, which uses stevia extract as a sweetener, in Britain this September will give a good opportunity to PureCircle, the broker reckons.

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Source: City A.M. (UK)

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