Intertek: stock boosted by broker upgrade
(CercleFinance.com) - The Intertek share is up 1.
3% on Monday, outperforming the market in London (FTSE -0.3% at 3,30 pm), supported by Credit Suisse upgrading the share from "neutral" to "outperform", in a report on several stocks in the corporate services sector.
"In a sustained period of low interest rates, we see potential for high-return, stable-growth companies to positively re-rate further, and we shift our ratings accordingly," the broker said.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
3% on Monday, outperforming the market in London (FTSE -0.3% at 3,30 pm), supported by Credit Suisse upgrading the share from "neutral" to "outperform", in a report on several stocks in the corporate services sector.
"In a sustained period of low interest rates, we see potential for high-return, stable-growth companies to positively re-rate further, and we shift our ratings accordingly," the broker said.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.