Citigroup Inc (NYSE:C) analysts have reiterated their buy recommendation for shares in Royal Mail, which officially changed its trading name and ticker to International Distributions Services PLC (LSE:IDS) last month.
Citigroup analysts have lowered their target price, where they believe the company’s share price would create ‘fair value’ for shareholders, to £3.25 per share.
Fidelity European Trust PLC (LSE:FEV) is the best performing listed investment fund in Europe, according to a recent analysis by Stifel.
It is closely followed by Henderson European Focus Trust PLC (LSE:HEFT), with Henderson EuroTrust PLC (LSE:HNE) also “outperforming”, analysts said, adding that despite its track record European Opportunities Trust PLC (LSE:JEO) has had a “disappointing past five years”.
Shares in carmakers Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) were upgraded by Barclays, which said being cheap was "not usually a reason to buy, but at this level it is".
The bank upgraded to 'overweight' ratings on the Michigan-headquartered pair and a positive view on the wider US auto sector.
GSK PLC (LSE:GSK, NYSE:GSK)’s seemingly positive earnings release on Wednesday has been labelled as just that by Stifel analysts, who were left mulling reasons for a subsequent drop in its share price.
Though GSK lifted its full-year guidance following strong third-quarter trading, Wednesday’s update actually prompted a 2% slide in the pharmaceuticals giant’s shares.
Strong half-year trading for J Sainsbury PLC (LSE:SBRY) proves that the supermarket’s strategic shift to quality coupled with value has started to work, according to analysts.
Following market share gains and strong grocery sale volume growth during the half-year to September, analysts suggested Sainsbury’s had finally lifted itself out of what was an awkward middle ground in the supermarket sector.