PORTFOLIO [Edition 2]
0 Comments | Evening Standard; London (UK), Mar 17, 2009
BUY HUNTSWORTH Numis sees international PR group Huntsworth as a buy, in advance of the group’s preliminary results on next Monday. It says Huntsworth’s PR network will “demonstrate a level of resilience”. Huntsworth acquired start-up Momentum at the end of 2008, giving it offices in Riyadh and Dubai, and additional clients from Abu Dhabi, Bahrain and Oman, and Numis believes that Huntsworth is now “undervalued”. It points out that the company is underpinned by diverse clients and a range of digital activity. However, Numis has dropped its target price on the shares from 55p to 52p. Today they were 1p higher at 40p.
SELL DEBENHAMS Panmure Gordon has cut its rating on High Street department store Debenhams from hold to sell
numis network