Manoj Ladwa – Partner at TJM Partners – joined Zak Mir and Mike Ingram in the Tip TV studio to discuss the broker upgrades and downgrades for ITV (L:ITV), Vodafone (L:VOD), and movements in the FTSE 100.
ITV to keep climbing
Manoj Ladwa has been keen on ITV for some time, and following its recent sideways move he believes it has a lot of room to grow. With strong support levels around 235-240, Ladwa is anticipating a short term target of 250-260, and then as high as 300 over the next 12 months.
Vodafone to recover from failed deal
After Liberty pulled away from talks with Vodafone, the telecommunications company saw its share price slip down to 200. Ladwa believes it could return to 220-230 in the near future, but it might fall to 190 before the buying interest returns.
Is the FTSE 100 rally over?
With the key drivers behind the recent index rally being commodities and supermarkets, Ladwa believes a much broader bull run would be needed to sustain any moves. He believes the FTSE could begin to drift back to 6200, with major support at 6000.