![]() ![]() “So how Auto Trader plans to grow/monetise will be a focus, and suggests potential for upside risk to consensus revenue forecasts in outer years, enhancing Auto Trader’s appeal further versus classified peers.” It added: “We think consumer appetite for online retail is there, but consensus likely bakes in very little given uncertainty on the model. It believes the company is well placed, based on a track record of growth via innovation and the strength of its brand and relationships with car retailer customers. The bank is most interested in how the car marketplace plans to unlock the large mid- to long-term opportunity in digital retail. Oil price forecast keeps energy stocks in favour.Confident Balfour soars on hopes for big shareholder returns.The support for Auto Trader comes ahead of a capital markets day on 6 September, which Bank of America believes should be a “long-awaited catalyst” for the shares. That’s an upgrade of 200p and a big upside from the level of 10,835p seen this afternoon. Paddy Power owner Flutter Entertainment (LSE:FLTR), which is the market leader in US online sports betting through FanDuel, was also backed for 15,200p by Citigroup. Other City revisions saw analysts at Royal Bank of Canada improve their stance on London Stock Exchange Group (LSE:LSEG) by 200p to 10,500p, compared with today’s 8,522p. Read about how to: Open a Trading Account | How to start Trading Stocks | Top UK shares. ![]() The favourable broker comment on the pair came as Balfour Beatty (LSE:BBY) continued its momentum after yesterday’s strong half-year results, with UBS upgrading its target price by 25p to 400p. Some well-known stocks have been boosted by favourable City comment, including Auto Trader ahead of a ‘long-awaited catalyst ’ for shares.īuy recommendations on “unique and high-quality” Games Workshop (LSE:GAW) and “undervalued” Auto Trader Group (LSE:AUTO) today pointed to share price upsides of 29% and 20% respectively. ![]()
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