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Broker note round-up

Lucy Tobin
08.06.09

BUY

AG BARR

Altium Securities rates AG Barr a buy after the Irn Bru maker today said in a trading update that revenues in the last four months rose 22.5% on a year ago. Altium names a 1400 target price. Shares in AG Barr were steady at 1310p.

SELL

INNOVATION GROUP

Altium Securities tips investors in outsourcing specialist Innovation Group to sell, downgrading the stock from hold. It says there is still “considerable uncertainty” surrounding the firm's full-year results. Shares gained 0.15p to 10p.

HOLD

CARPHONE WAREHOUSE

Citigroup rates telecoms giant Carphone Warehouse as a hold. It says the company has built “solid foundations” for its TalkTalk demerger and names a 125p target price. Shares rose 1¾p to 173¼p.

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