…and some to hold, avoid or sell

BT

Investors Chronicle

The telecommunications giant seemed to be on the road to recovery at the end of 2018, but with increased spending and competition, brokers have been slashing cash flow forecasts. Hold. 196p.

Deutsche Bank

The Sunday Telegraph

The “troubled lender” has made the drastic decision to slash a fifth of its workforce, close its global equities business and set up a bad bank full of toxic assets. The overhaul may be the right approach, but it’s also high risk – and overdue. Avoid. s6.75.

FirstGroup

The Sunday Times

The road ahead is full of bumps for the bus and rail group, whose recent decision to begin the process of separating various arms is “sensible” but divisive. Shares are likely to remain under pressure. Avoid. 103.5p.

Investors Chronicle

Shares in the engineering products group fell by around a fifth after the asset values and profits within its gears unit were overstated by £1.8m. Expectations in the year to 31 March 2020 have been reduced by £1.1m. Sell. 25.7p.

Science in Sport

The Mail on Sunday

SiS may be a hit among elite athletes but with the energy drinks maker yet to make a profit, the stock market is less convinced. Purchasing the protein bar maker PhD last year was a “smart move”, though. Hold. 63p.

Investors Chronicle

While the electrical equipment business is showing signs of recovery after a difficult 2018, the company will be hard pressed to reintroduce its final dividend in two years with stock issues and a downward revenue trend. Sell. 94p.