BEST of the BROKERS
Investec rates the global engineering group as a “buy” with a target price of 430p, saying it exited 2011 with good order and sales momentum and that trend is likely to be repeated when it reports for the first quarter on Thursday.
Panmure Gordon rates Standard Life as a “hold” ahead of its quarterly report on Wednesday. It forecasts worldwide life and pensions sales at £5,211m, compared to a consensus of £4,865m, and predicts a slowdown in new business sales.
Liberum Capital rates the British software design company as “sell”, and expects its quarterly figures due tomorrow will be lower than the last. It expects the firm to de-rate on the back of increasing competition from Intel.