William Hill and Morgan Stanley

Imperial Tobacco: The broker upgraded the stock to overweight – in effect buy – with an increased price target of 150p, according to The Independent. Europe could be a hidden gem… and the valuation is cheap, Morgan Stanley analysts added. They reckon Ladbrokes, up 5.1p to 122.1p, is still playing catch-up to its main rival, William Hill, in the online sector, but thinks investors should buy into the recovery story. The FTSE 100 regained the ground lost in early trading as the UK benchmark index fell to near-five month lows, ending just 0.42 points lower at 6,710.1. An upbeat note from Credit Suisse blew British American Tobacco up 99.5p to 3,511p, and Imperial Tobacco up 71p to 3,246p, while British Airways owner IAG dropped 6.5p to 502p on the back of a share price slump from struggling rival Air France KLM which is cutting routes to keep costs low. The prospect of a Greek debt default and the US Federal Reserve meeting tomorrow, which could give a clue to the timing of a possible interest rates rise, kept buyers on the sidelines. (news.financializer.com). As reported in the news.