Broker Tips
Broker tips: Inchcape, Whitbread, Rightmove
Jefferies initiated coverage on shares of car retailer Inchcape at 'buy' with an 845p price target on Tuesday, arguing that the "undervalued" distributor could drive upgrades by applying material surplus cash flow to M&A or share buybacks.
Jefferies starts Inchcape at 'buy', expects shares to positively re-rate
Jefferies initiated coverage on shares of car retailer Inchcape at 'buy' with an 845p price target on Tuesday, arguing that the "undervalued" distributor could drive upgrades by applying material surplus cash flow to M&A or share buybacks.
Rightmove leadership position priced in, says Deutsche Bank
Deutsche Bank downgraded its recommendation on Rightmove to 'hold' from 'buy' on Tuesday as the stock nears its new price target of 530p, down from 550p.
Stick with Whitbread on takeover hopes, Canaccord says
Investors should stick with Whitbread shares despite weak trading because it is financially strong and a potential takeover target, Canaccord Genuity said.