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Broker tips: Domino's, Aggreko, Liberty International
Mon, 01 Dec, 2008
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Broker tips: Domino's, Aggreko, Liberty International
Tue, 26 Aug 2008, 09:48:00
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Related Market Prices
Name
Value
Percent
Change
Domino's Pizza UK & IRL
176.75p
-0.28%
Aggreko
411.00p
-8.16%
Liberty International
519.00p
-4.42%
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KBC Peel Hunt has raised its rating on
Domino's Pizza
to 'buy' from 'hold', saying the pizza delivery company is doing too well to be blown off course by a period of weaker demand.
The broker added that Domino's may even benefit from the downturn in some ways.
"There is now circumstantial evidence that customers are trading down to Domino's," KBC Peel Hunt said.
It also raised its profits forecast on Domino's, saying that even if it has to raise prices due to higher wheat and milk costs, this is unlikely to be noticed by customers.
Aggreko
remains a 'hold' at KBC Peel Hunt. The broker has also lifted its earnings estimates after the temporary power supplier's interim results came in just ahead of expectations.
While US and European markets are showing signs of slowing, any weakness should be more than offset by strength in other markets, the broker said.
A recession in the US is looking less likely now anyway, it added.
Real Estate giant
Liberty International
led the way in the FTSE 100 Thursday morning after Credit Suisse upgraded the company to 'neutral' from 'underperform'.
The upgrade comes on the same day the shopping centre owner announced that the property investor Simon Property Group had brought its holding in the company past 4%.
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