TRADER TIPS
What City insiders are recommending . . .
BUY THIS: Merlin
DEUTSCHE Bank recommends buying shares in Merlin Entertainments and has raised its price target to 600p.
The Madame Tussauds and Legoland owner has seen a drop in visitors to city centre attractions following terrorist attacks, but analysts are upbeat about its prospects.
Sales rose 9.6pc to £685m during the half-year while visitors to Merlin’s attractions grew 6.2pc to 29.7m.
SELL THIS: Kaz Minerals
BUT Deutsche is less keen on Kaz Minerals and has slapped a ‘Sell’ rating on the miner and a price target of 500p.
On Thursday the Kazakhstanfocused firm narrowed its fullyear production guidance to 235,000-260,000 tons from 225,000-260,000 tons. The company has not declared an interim dividend so it can cut debt. Kaz shares are currently trading at 716p.