Broker Recommendations
Broker tips: B&M European Value Retail, Burberry, Next
Citi reiterated its ‘buy’ rating on B&M European Value Retail on Friday as it said the stock’s de-rating was overdone.
Broker tips: Microlise, Close Brothers
Analysts at Canaccord Genuity initiated coverage on transportation and logistics industry software provider Microlise at 'buy' on Thursday, stating the group was "ready to hit the accelerator".
Broker tips: Ocado, Qinetiq
Ocado surged on Wednesday after JPMorgan Cazenove upgraded the shares to ‘overweight’ from ‘neutral’ and lifted the price target to 400p from 340p.
Broker tips: Miners, Capita
JPMorgan upgraded the global mining and metals sector to ‘overweight’ from ‘underweight’ on Monday, as it said that Rio Tinto, Antofagasta, Fresnillo & SSAB are its European key ‘overweights’.
Broker tips: Crest Nicholson, Asos
RBC Capital Markets upgraded Crest Nicholson on Friday to ‘outperform’ from ‘sector perform’ and hiked the price target to 230p from 180p after the housebuilder's capital markets day on Thursday.
Broker tips: Schroders, Prudential
RBC Capital Markets reiterated its ‘outperform’ rating on Schroders on Thursday and hiked its price target to 475p from 395p as it lifted its adjusted operating earnings estimates by 1%/6%/9% over FY25/26/27, updating the FY24 results and strategy evolution.
Broker tips: Bridgepoint, Qinetiq, Compass Group
Bridgepoint gained on Wednesday after an upgrade to ‘buy’ from ‘neutral’ at Citi, which said the risk-reward looks attractive following recent underperformance.
Broker tips: Qinetiq, Rio Tinto, Anglo American
Shore Capital on Tuesday cut its recommendation for QinetiQ from 'buy' to 'hold' following a profit warning from the UK defence contractor on Monday.
Broker tips: Currys, CVS Group
Berenberg recommended on Monday that investors ‘buy the dip’ in Currys, as it hailed the electricals retailer as a "top pick" for 2025.
Broker tips: Hochschild, Fresnillo, Synthomer
RBC Capital Markets upgraded Hochschild but downgraded Fresnillo on Thursday as it took a look at European miners, revising its commodity price assumptions.
Broker tips: Trustpilot, IAG, 4imprint
Trustpilot rallied on Wednesday as JPMorgan Cazenove placed the shares on "positive catalyst watch" into results and said that underperformance year-to-date presents a buying opportunity.
Broker tips: Glencore, Anglo American, Capital
Berenberg initiated coverage of Glencore on Tuesday with a 'buy' rating and 380. 0p price target, offering 21% upside, as it said self-help can drive improved returns and a better rating.
Broker tips: Pennon, Admiral, Team Internet
Analysts at Citi upgraded shares of Pennon on Monday, telling clients that markets had become unduly pessimistic.
Broker tips: Whitbread, Dowlais, Reckitt
JPMorgan Cazenove downgraded Premier Inn owner Whitbread on Friday to ‘neutral’ from ‘overweight’ and slashed the price target to 3,000. 0p from 4,400. 0p as it took a fresh look at European hotel stocks.
Broker tips: Aberdeen, Greggs
Jefferies upgraded Aberdeen on Thursday to ‘buy’ from ‘hold’ and lifted the price target to 215. 0p from 140. 0p following the company's full-year results earlier in the week.
Broker tips: Impax Asset Management, Moonpig
Analysts at Berenberg lowered their target price on Impax Asset Management from 470. 0p to 440. 0p on Wednesday following the group's trading update earlier in the morning.
Broker tips: Howden Joinery, Diageo, WH Smith
Jefferies downgraded Howden Joinery on Monday to ‘hold’ from ‘buy’ and slashed the price target to 854p from 1,020p as it said there are limited factors to distract from demand jitters.
Broker tips: Dr Martens, Barratt Redrow
Analysts at Berenberg initiated coverage on iconic bootmaker Dr Martens on Thursday with a 'buy' rating and 102. 0p price target, noting that the business had both "global appeal and clear growth potential".
Broker tips: Rightmove, Admiral, Aurrigo
The market continues to overvalue Rightmove, with the shares pricing in another takeover offer from REA Group that's unlikely to materialise, according to Jefferies, which reiterated an 'underperform' stance on the stock.
Broker tips: B&M, Ceres
Analysts at Canaccord Genuity lowered their target price on discount retailer B&M from 545. 0p to 495. 0p on Tuesday following the surprise announcement of chief executive Alex Russo's departure and a further moderation to FY25 guidance.