Broker Tips
Investec highlights strong cash flows, M&A optionality at Imperial Brands
Analysts at Investec sounded a positive note on shares of Imperial Brands despite the company's slight earnings miss for the full year, pointing to its "strong" cash-flows and M&A optionality, which led them to the conclusion that the discount they were trading on relative to the sector was too "harsh".
Macquarie reiterates 'buy' for Glencore, BHP Billiton and Rio Tinto
Diversified miners' valuation discount versus the FTSE 100 is well-deserved, analysts at Macquarie have said, pointing to the group's volatile top line and poor track record in terms of capital allocation during the 'good times'.
Broker tips: Imperial Brands, Glencore, William Hill
Analysts at Investec sounded a positive note on shares of Imperial Brands despite the slight earnings miss for the full year, pointing to its "strong" cash-flows and M&A optionality, which led it to the conclusion that the discount they were trading on relative to the sector was too "harsh".
William Hill rallies on double upgrade from Merrill
Bookmaker William Hill got a boost on Tuesday as Bank of America upgraded the stock to ‘buy’ from ‘underperform’, lifting the price target to 330p from 224p.
Tuesday broker round-up
South32: Deutsche Bank downgrades to Sell with a target price of 170p.