Broker Tips
Broker tips: Safestay, BBA Aviation
Analysts at Canaccord Genuity reiterated their 'buy' rating on a 50p target price on hostel operator Safestay on Wednesday, but warned that revenue-to-underlying earnings conversion was still "not where it should be".
Wednesday broker round-up
Frontier Developments: Credit Suisse initiates outperform with a target price of 1,490p.
Canaccord warns Safestay's EBITDA conversion 'not where it should be'
Analysts at Canaccord Genuity reiterated their 'buy' rating on a 50p target price on hostel operator Safestay on Wednesday, but warned that revenue-to-underlying earnings conversion was still "not where it should be".
Berenberg downgrades BBA Aviation, highlights full valuation
BBA Aviation was under the cosh on Wednesday as Berenberg cut its rating on the shares to ‘hold’ from ‘buy’ following the company’s first-half results and its disposal of parts distributor Ontic, pointing to a full valuation and limited near-term catalysts.