Next Share News (NXT)

Shore Capital has kept a 'buy' stance on postal services group Royal Mail after the company announced redundancies as part of its so-called 'Efficiency Programme'. Shore Capital Analyst Robin Speakman said: "We believe that the context on of these additional redundancies should be noted, being amongst a total UK core network of some 140,000+ staff and against a competitive background, and a long-term pay agreement with the Communications Workers Union." Panmure Gordon expects to reduce its profit forecasts for Wolseley after the builder's merchant boosted half-year profits and hiked its dividend by a quarter. It said it was keeping its target price of 3,620p on Wolseley and its 'hold' recommendation for now.Panmure said it was likely to reduce modestly its earnings per share assumptions due to foreign exchange headwinds. It also highlighted Wolseley's comment that like-for-like sales growth for the full year was expected to be closer to 4% against the broker's current assumption of about 5.5%.Analysts at Credit Suisse have lifted their price target on shares of easyJet to 2,021p from 1,988p following the budget airline's improved guidance for the first half of 2014, while reiterating their 'outperform' recommendation on the shares."We continue to see easyJet as a multi-year value proposition", the broker said, adding that the company should be able to capitalise on attractive medium term volume and pricing opportunities.UBS has hiked its target price for Next by nearly a quarter from 5,650p to 7,000p after the High Street retailer raised its guidance for the current financial year.The bank kept a 'neutral' rating on the stock, saying that the shares trade at 17 times earnings for the 2014 calendar year, a modest premium to the sector and well ahead of the stock's long-term average.Numis Securities has reiterated its 'buy' recommendation for online gambling group 888 Holdings, hailing the company's cash generation after its special dividend for 2013."With the shares on undemanding valuation multiples and an attractive dividend yield (even on the basis of the regular dividend alone), we reiterate our 'buy' rating and 220p price target," the broker said.BC