Broker Tips
Wynnstay sees full year profit and EPS ahead of market expectations
Agricultural supplies group Wynnstay said on Thursday that it now expects pre-tax profit and earnings per share for the year to the end of October to be ahead of current market expectations.
Thursday broker round-up
Royal Mail: RBC Capital Markets upgrades to sector perform with a target price of 500p.
BofA-ML strategists still 'sellers'
Strategists at Bank of America-Merrill Lynch continue to be "sellers" in shares, arguing that US central bank policy tightening cycles "always" end with a "financial event", although markets may perhaps attempt a bounce over the coming week.
RBC Capital ups Royal Mail to 'sector perform'
RBC Capital Markets upgraded Royal Mail to ‘sector perform’ from ‘underperform’ on Thursday, as it said the stock’s recent undeperformance moved the dividend per share risk/reward more in line with peers.
Morgan Stanley downgrades Fresnillo on Mexico uncertainty
Precious metals miner Fresnillo slumped on Thursday as Morgan Stanley cut its stance on the stock to ‘underweight’ from ‘equalweight’ and slashed the price target to 715p from 1,100p citing uncertainty about proposed mining legislation in Mexico.