agk16 Dec 2012 20:37
As might be expected there are hardly any trading announcements for the last full trading week before Christmas, but those that are scheduled are still from decent sized companies, not least temporary power group Aggreko (AGK). The jury is still out over whether this former FTSE 100 growth play has hit a near term growth ceiling and run out of steam? Broker Jefferies certainly doesn’t think so, retaining a buy rating and 2,800p target in October even though the barely in-line Q3 numbers spooked other City pundits, not to mention extra bad debt provisions and adverse foreign exchange rates.