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Panmure Liberum turns buyer on CMC Markets after guidance surprise

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Panmure Liberum turns buyer on CMC Markets after guidance surprise

Panmure Liberum upgraded CMC Markets to 'buy' from 'hold' after the company’s guidance jumped, calling it a structural shift in earnings power. The broker nearly doubled its price target to 700p from 380p, signaling improved outlook versus prior expectations.

Analysis

Panmure Liberum upgraded CMC Markets to 'buy' from 'hold' after the company’s guidance jumped, calling it a structural shift in earnings power. The broker nearly doubled its price target to 700p from 380p, signaling improved outlook versus prior expectations.

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