Best of the Brokers for 13 February 2014
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SMITH & NEPHEW
Deutsche Bank analysts have upgraded Smith & Nephew (S&N) to a “buy” rating with a revised price target of 1125p. “S&N have substantial upside from earnings growth, earnings upgrades & multiple expansion,” analysts said.
CINEWORLD
Bad news for the cinema chain after analysts at Panmure Gordon slapped a “sell” rating on the stock with a target price of 295p. It said a merger with Cinema City International exposed the country to emerging market risks and currency risks.
KAZAKHMYS
Brokers at Canaccord Genuity have increased the target price to 250p for the company’s shares but it’s not enough to warrant a buy rating, with analysts keeping a “hold” rating on the stock. It said currency movements would partially benefit the company.