FinnCap has lifted its target price for Quartix (LON:QTX) after the vehicle telematics specialist released positive results today, and forecast it would nearly double its dividend payment to 10.2p from 5.4p per share.
Analyst Lorne Daniel highlighted that Quartix’s success is powered by continuing strong demand for “ever-improving telematics services” in both Europe and the United States.
With a new 375p target price, FinnCap sees some 13% upside to the current price of 330p per share.
Elsewhere, Goldman Sachs upgraded Sky (LON:SKY) to ‘buy’ from ‘neutral’, meanwhile terrestrial broadcaster ITV (LON:ITV) was downgraded to ‘neutral’ from ‘buy’.
The US investment bank also upped Kerry Group (LON:KYG) to ‘neutral’ from ‘sell’.
Bank of America Merrill Lynch lifted Intu Properties (LON:INTU) to ‘buy’ from ‘neutral’.
And Bernstein set an ‘underperform’ rating for HSBC (LON:HSBA).