Broker Tips
Broker tips: Barratt Developments, Sumo Games, PageGroup
Analysts at Morgan Stanley bumped up their target price for shares of Barratt Developments from 625p to 675p, following what they termed a "robust" full-year trading update and inexpensive valuation relative to peers, but remained a tad more cautious than the company when looking out to the medium-term.
Jefferies cuts target price on Pagegroup amid labour market struggles
Analysts at Jefferies cut their target price on British recruitment business Pagegroup on Thursday, noting that a struggling global labour market throughout June had led it to downgrade its earnings per share estimates for the group by 5-7%.
Berenberg downgrades Sumo, sees better games in town
Berenberg downgraded its recommendation for shares of Sumo from 'buy' to 'hold', telling clients the in the medium-term, the best placed publishing companies in the UK Games sector would be those that managed to keep their intellectual property close to their chests.
Morgan Stanley ups target for Barratt Developments but still a tad cautious
Analysts at Morgan Stanley bumped up their target price for shares of Barratt Developments from 625. 0p to 675. 0p, following what they termed a "robust" full-year trading update and inexpensive valuation relative to peers, but remained a tad more cautious than the company when looking out to the medium-term.