- Peel Hunt upgrades IAG to ‘Buy’
- RBC Capital Markets ups Intertek target price
- Berenberg increases target price for AstraZeneca
Peel Hunt upgrades IAG to ‘Buy’
Peel Hunt has upgraded International Consolidated Airlines Group [LON:AIG] to ‘Buy’ (Hold) this week and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue. The FTSE 100 listed BA and Iberia owner also saw Liberum reiterate its ‘Buy’ recommendation and lift its target price to 350p from 240p.
Shares in IAG were trading at 154p at the time of writing, up 19% for the year to date and +25% over the last 12 months.
RBC Capital Markets ups Intertek target price
RBC Capital has increased its target price for Intertek LON:ITRK to 3,900p (3,700p) and raised its rating to ‘sector perform’. In addition, Citigroup has reiterated its ‘Buy’ rating for the FTSE-100 total quality assurance provider. Intertek announced last month that it is set to acquire Controle Analítico Análises Técnicas Ltd, a leading provider of environmental analysis, with a focus on water testing, as the Group aims to expand its Food and Agri Total Quality Assurance solutions in the Environmental testing market in Brazil.
Shares were trading at 4,185p, up 2.3% for the year to date and -14% over the last 12 months.
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Berenberg increases target price for AstraZeneca
Berenberg has increased its target price for AstraZeneca LON:AZN from 12,400p to 13,500p and reiterated its ‘Buy’ rating. This follows on from the 1st Quarter update published at the end of last month which saw a strong start to the year with stable total revenue and 15% growth excluding COVID-19 medicines, which saw a decline of $1,460m.
Shares were trading at 11,768p, up 2% for the year to date and +15% over the last 12 months.
