BEST of the BROKERS
FALKLAND OIL & GAS
Merchant Securities has initiated coverage of the Falkland’s exploration company with a “buy” rating and a target price of 400p. The broker says the company holds the best exploration acreage in the Islands, with exploration risks no higher than elsewhere in the region.
LONDON STOCK EXCHANGE
Numis has upgraded the UK stock exchange from “add” to “buy” with a target price of 1,167p following strong results from the group that were six per cent ahead of estimates. The broker expects good growth from FTSE and elevated treasury.
EUTELSAT
UBS has upgraded the satellite operator from “neutral” to “buy” with a target price of €28, seeing an entry point following a limited profit warning. The brokers think most of the bad newsflow is now behind, with satellite launches later this year seen as key catalysts for topline recovery.