Best of the Brokers for 18 June 2014
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Cantor Fitzgerald has reiterated its “buy” rating on the miner, while increasing the target price to 115p from 80p. The broker believes the firm has a very exciting deal on its second gold asset in West Africa, with an advanced development that makes production possible soon.
Berenberg rates GKN a “buy” with a target of 440p, as part of its new coverage of aerospace and defence firms. The broker thinks GKN will benefit from improving automotive sales, and believes a mooted takeover of Spirit’s Wing Systems arm would complement the business.