TRADER TIPS
What City insiders are recommending . . .
BUY THIS: B&M
DEUTSCHE Bank thinks it is time to buy shares in B&M.
The German bank said the discount retailer is on track to deliver healthy returns as consumers hunt for bargains amid rising inflation.
It added that the firm’s recent acquisition of frozen food retailer Heron Foods should also boost earnings.
It gave the retailer a ‘Buy’ rating and upgraded its target price to 435p from 389p.
SELL THIS: Diageo
LIBERUM says Diageo should be given the chop.
Analysts reckon hurricanes in North America and the Caribbean have hit production at the drinks maker, meaning growth could be sluggish.
It also warned over challenges for its premium vodka business while noting that the popularity of its Pernod Ricard whisky brand was slowing in Spain.
Liberum has a ‘Sell’ recommendation on the stock and a target price of 2000p.