TRADER TIPS
What City insiders are recommending . . .
BUY THIS:
Money Supermarket ANALYSTS at Investec believe investors should ‘buy’ Money Supermarket shares despite a huge price fall last week.
It shares crashed after the comparison site warned of slower growth this year and costly investments.
But Investec believes this was merely a ‘distraction’ and the business is primed for ‘stable, scalable’ growth.
SELL THIS: AA
BERENBERG has downgraded roadside rescue service AA from ‘hold’ to ‘sell’.
The firm’s shares dived almost 30pc last week after announcing a dividend cut and major investment plans.
Berenberg says AA faces a ‘range of market headwinds’, including higher insurance taxes and variable demand for roadside assistance.