BEST OF THE BROKERS

first_img whatsapp Share KCS-content AMECRBS rates the engineer a “buy” with an increased target price of £12.25. The broker believes AMEC’s recent half-year results were stronger than expected, with signs of a strengthening pipeline that should drive growth. RBS raised forecasts for 2011 by three per cent, and its target price by almost 20 per cent, although it warns earnings per share improvement might not emerge until 2012 /13. CATLINNumis rates the insurance group a “buy” with a target price of 420p, following the firm’s interim management statement. The broker is impressed by Catlin’s investment income, with earnings $36m (£22.3m) ahead of its 2010 forecasts, and notes that losses from claims have not changed materially. Numis has increased its pre-tax profit forecast for the year by 21 per cent to $426m. LLOYDS BANKING GROUPBank of America Merrill Lynch rates the bank a “buy” with a target price of 110p. The broker believes the market has over-discounted for Lloyds’ £27bn exposure to Irish loans, and that the imminent arrival of a new management team and UK banking recovery gives further reason to buy. It admits that its forecast of 17 per cent return on net asset value in 2012 might be proved to be too harsh. whatsapp Sunday 14 November 2010 10:09 pm Show Comments ▼ Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap BEST OF THE BROKERS last_img read more

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