Analysts at Berenberg have raised their target price on FirstGroup, a UK bus and rail business, citing stronger-than-anticipated demand and positive trends in the bus and rail sectors. They also highlighted the company’s steps towards electrification, which could open up further revenue opportunities. Berenberg expects adjusted operating profit and adjusted attributable profit to be higher, and has upgraded its estimates for FY24. Canaccord Genuity, on the other hand, downgraded advertising agency The Mission Group due to a dip in demand, leading to a more cautious outlook for the remainder of the year. The company has enacted an operational review and proposed disposing of non-core businesses to improve its financial position. Exane BNP Paribas named Flutter Entertainment as its top pick in the gaming sector, despite recent profit warnings in the industry. They believe the worst is over and that Flutter has continued to gain market share.