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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Broker tips: Spire Healthcare, Vodafone

(Sharecast News) - RBC Capital Markets upgraded Spire Healthcare on Friday to 'outperform' from 'sector perform' and lifted the price target to 270p from 230p on "signs of market acceleration". "After two years at sector perform, we upgrade our rating for Spire Healthcare to outperform based on read-across from Ramsay Health Care and Stryker," it said.

RBC said it was awaiting a "brief" trading commentary from the company on 11 May.

Analysts at Berenberg reiterated their recommendation to 'hold' shares of Vodafone, arguing that the choice of Margherita Della Valle as the company's new chief executive officer reduced the risk of a dividend cut or of a warning on capital expenditures.

In particular, they noted how during her time as finance chief she had defended both the dividend and Vodafone's German capex envelope.

However, operational and organic improvements took time and revenues in Germany, Italy and Spain were seen falling over the next two years.

Hence, the analysts trimmed their target price from 100.0p to 95.0p.

They also believed that Vodafone Italy's €2.5bn of goodwill would be written down in the full-year results due out on 16 May, and that of other operations possibly as well.

On the flip-side, they said there was scope for positive developments on the M&A front.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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