Lots of companies seem to have a target price set on their stock by rating agencies, but one that I have invested in rarely gets much attention in terms of rating but what they do say is:
Frontier Developments PLC (LON:FDEV) had its corporate rating reaffirmed by analysts at FinnCap.
What does actually mean ?
Surely just means, they've reviewed it again and maintain their stance whatever is was buy, hold, sell?
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Typically they'll issue a 'corporate' rating if the company in question is a corporate client of theirs - i.e. the broker is paid a fee for providing services to the company, as a retainer or whatever.
It may be perceived to be a conflict of interest to be issuing ratings on companies which pay you fees (some might point out that it may be difficult to stay objective - would you issue a sell on a company which gives you a lot of business?), so they don't express an opinion and just call it a 'corporate'.
