Two upgrades and a downgrade accompanied UBS’s 2014 assessment of the European support services sector.
Given a boost were Capital (LON:CPI) and Homeserve (LON:HSV), which are raised to ‘buy’ from ‘neutral’.
The price target for the former has moved to £12 a share from £10, while the latter is valued at £3.20 (up from £2.70).
Downgraded was Serco (LON:SRP), which goes in the opposite direction. The price target is unchanged at 505p.