first_img whatsapp Show Comments ▼ KCS-content Share Tags: NULL BEST OF THE BROKERS whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Thursday 9 September 2010 8:19 pm SANTANDERSantander offers a reasonable degree of safety within a European sector that lacks clear direction, according to JP Morgan, which maintains an “over-weight” rating. However, JP Morgan cautions that the current valuation leaves little room for earnings disappointment, Spain remains a drag, and some post-deals capital hike cannot be totally discarded.RICHEMONTNomura has a “neutral” rating for Richemont, but has upgraded its estimates and price target to reflect the group’s strong trading for the past five months. Nomura believes that Richemont is well positioned in the current climate (brands, emerging markets, conservative management), and says the shares look fairly valued at current levels.AVEVABank of America Merrill Lynch BoAML) said that even assuming a 20 per cent premium to the stock’s historic average, the current price for Aveva seems to be discounting 20 per cent upgrades. BoAML has moved Aveva from “neutral” to “sell” and said the group is a potential M&A take-out candidate – and is already more than pricing-in the risk of a take-out. last_img read more