first_img KCS-content BEST OF THE BROKERS 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 Monday 15 November 2010 7:38 pm MARKS & SPENCERDeutsche Bank rates the high street giant a “hold” with a target price of 430p. The broker believes the benefits of new boss Marc Bolland’s overhaul of the stores will not be seen until 2012/13. However, DB says the retailer’s recent results pointed to strong sales momentum in the short term, with a pre-tax profit for the year of £720m.EASYJETNomura rates the airline a “buy” with a target price of 500p. The broker forecasts pre-tax profit of £152m for the year to date, slightly below consensus estimates, with total costs to rise 7.7 per cent. It does not expect easyJet to clarify its expansion strategy at its results announcement due today.BARCLAYSUBS rates the bank “neutral” with a reduced 12-month price target of 305p. The broker has cut its estimates for 2010/11 earnings per share by five to six per cent, and for 2012/13 by 12 to 15 per cent. It points out that while Barclays can cope with the Basel III capital demands, it will limit returns for the foreseeable future. whatsapp whatsapp Share Tags: NULL Show Comments ▼last_img