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Broker tips: Reckitt, Vodafone, Imagination Technologies

Thu, 06th Feb 2014 12:48
Consumer goods giant Reckitt Benckiser was making gains on Thursday after Credit Suisse lifted its rating for the stock from 'neutral' to 'outperform', saying that investors should look past concerns regarding its struggling pharmaceuticals division."It is time then to look past pharma challenges, and indeed tough cough/cold comparatives, and look at what Reckitt could be by the end of what is likely to be a seminal year for the group."Prime Wealth Group has labelled telecoms titan Vodafone as a 'buy', recommending investors to snap up shares quickly after the company's third-quarter figures beat forecasts on Thursday."The stock fell back ahead of today's results which, while suffering from challenging trading conditions in Europe, delivered better-than-expected numbers. Shares are already recovering in early trade, and look set to regain year highs in the near future," said Dafydd Davies, Senior Trader at Prime Wealth.Jefferies has maintained its 'buy' rating and 364p target price for Imagination Technologies after Apple extended its multi-year licence agreement with the chip designer."We also expect no material impact to licensing numbers this year given this is merely a contract extension. However, this announcement serves to steady any concerns investors may have had regarding Apple's possible design out of Imagination's graphics in favour of either ARM or an in-house play."BC

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