Citigroup reiterated its “Buy” recommendation on ARM Holdings, up 5.1%, with a target price of 1200p. BMO Capital Markets reaffirmed its “Market Perform” rating with a target price of 995p, while Credit Suisse maintained its “Outperform” recommendation with a target price of 1260p.
AlphaValue downgraded its rating on Johnson Matthey, up 1%, to “Sell” with a target price of 3023p. However Deutsche Bank reiterated its “Buy” rating on the stock.
Jefferies Group raised its recommendation on DS Smith, up 8.7%, to “Buy” from “Hold” and increased its target price to 360p from 330p. Kier Group, up 3%, has been awarded a contract worth £33m to develop the A30 between Temple and Higher Carblake in Cornwall into a dual carriageway.
Blinkx, up 13.6%, announced the appointment of Mr Sudhi Herle as its Chief Product Officer. Investec raised its rating on Dialight, up 5.7%, to “Buy” and hiked its target price to 890p from 825p.
Sagentia Group, up 3.8%, acquired the entire share capital of Oakland Innovation Limited, an R&D consultancy specialising in technology innovation and market intelligence for the global consumer and healthcare markets. The total number of ordinary shares in issue (excluding Treasury shares) following this announcement is 38,379,948. The company holds 3,682,087 shares in Treasury.
Investec reiterated its “Buy” rating on Sepura, up 1.7%, with a target price of 200p. Jefferies Group increased its target price on Domino Printing Sciences, up 0.5%, to 750p from 650p with a “Hold” rating.
Horizon Discovery Group, down 1.1%, has received £1.67m to fund the commercial development of Chinese hamster ovary cell lines in a consortium with Centre for Process Innovation and the University of Manchester. N+1 Singer reaffirmed its “Buy” rating on the shares with a target price of 246p. Panmure Gordon also maintained its “Buy” recommendation on the stock with a target price of 247p.
UK markets ended higher amid optimism that Greece would soon reach an agreement with its international creditors. The FTSE 100 index added 0.6% to 6,915.2, while the FTSE AIM 100 Index advanced 2.1% to finish at 3,151.4. Also, the FTSE techMARK 100 Index edged 1% higher to 3,751.6.
US markets also closed on a firmer footing in the previous week. The DJIA index gained 0.7% to 18,140.4, while the NASDAQ Index climbed 1.3% to 4,956.
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