Brokers advise Kerry switch

IN its latest update on Greencore a leading firm of stockbrokers has downgraded its recommendation from a Buy to Neutral and advised investors to switch to Kerry Group instead.

Dolmen Stockbrokers said the rise in the value of the stock of 18% to current levels represented fair value at this stage.

Recently Investec and NCB Stockbrokers recommended the shares on the grounds convenience food was emerging as the dominant force in the group.