
Shares of British outsourcing firm Capita CPI.L up as much as 5.1% at 14.42p
RBC Capital market upgrades CPI to "outperform" from "sector perform", raises PT to 20p from 17p
Brokerage cites favorable risk-reward on the stock and Capita nearing its FCF positive as key drivers for the upgrade
RBC also sees the pensions solutions business making more money than expected as a positive for Capita
Three of five brokerages rate the stock "buy" or higher, and 2 "hold"; their median PT is 22.5p -LSEG
Stock down 2.14% so far this year