TRADER TIPS
What City insiders are recommending . . .
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McColl’s LIBERUM thinks it’s time to invest in McColl’s.
Analysts said the chain of local shops was well placed to cope with the disruption in the market caused by the collapse of wholesaler Palmer & Harvey last week.
The broker said McColl’s had strong relationships with suppliers, and the fall of P&H could present a merger and acquisition opportunity. It set a target price of 300p.
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Thomas Cook BERENBERG has given Thomas Cook the thumbs-down.
It said the traditional tour operator’s business was ‘structurally challenged with an ongoing need to restructure and optimise’.
It downgraded it to sell but raised its target price to 100p to reflect the reduced competition to its airline arm following the demise of Monarch and Air Berlin.