Broker tips: Vodafone, Sainsbury's, Aberdeen, Greene King
Exane BNP Paribas said it sees "much better times ahead" for Vodafone as it upgraded its view on the stock from 'neutral' to 'outperform'.
Aberdeen Asset Management
317.60p
17:09 11/08/17
Financial Services
13,969.36
17:09 25/04/24
Food & Drug Retailers
3,915.61
17:09 25/04/24
FTSE 100
8,078.86
17:14 25/04/24
FTSE 250
19,601.98
17:09 25/04/24
FTSE 350
4,434.34
17:09 25/04/24
FTSE All-Share
4,387.94
16:49 25/04/24
Greene King
849.20p
17:15 30/10/19
Mobile Telecommunications
1,814.05
16:59 24/01/22
Sainsbury (J)
256.60p
16:40 25/04/24
Travel & Leisure
7,552.90
17:09 25/04/24
Vodafone Group
69.00p
16:40 25/04/24
"The combination of a dramatically improved proposition (both absolute and relative), the secular trend of increased data consumption and the benefits of an improving market structure (and hence data monetisation) should see a return to revenue and [profit] growth on an underlying basis in YTM2016e (and on a reported basis the following year)," said analyst Michael Williams.
Annual underlying profits at Sainsbury's beat analysts' forecasts on Wednesday, but Shore Capital still recommended investors to 'sell' shares of the grocery giant.
The broker said it is worried that the supermarket has not yet reached then end of its downgrade cycle, especially on speculation of a "revitalising Tesco".
RBC Capital Markets cut its price target for Aberdeen Asset Management to 440p from 455p as it revised estimates following the company’s first-half results Tuesday.
“Our core concerns remain ongoing high margin net outflows and the investment performance of key funds which are lagging benchmarks,” said RBC.
N+1 Singer has cut its recommendation for Greene King from 'buy' to 'hold' after a "soft trading update" from the pubs group on Tuesday.
While the combined entity of Greene King and Spirit will support higher growth, the analyst said investors will need evidence of more solid like-for-like sales metrics and double-digit earnings growth before the stock will re-rate.