Broker Recommendations
Broker tips: Capricorn Energy, RA International
Analysts at Berenberg raised their target price on exploration and development company Capricorn Energy from 225. 0p to 250. 0p on Friday after the group announced a proposed merger with NewMed Energy.
Broker tips: Close Brothers, Kooth
Analysts at Berenberg lowered their target price on financial services firm Close Brothers from 1,250. 0p to 1,200. 0p on Wednesday after the group's results underperformed UK banking rivals by roughly 8%.
Broker tips: Johnson Matthey, Intertek
Analysts at Berenberg lowered their target price on chemicals company Johnson Matthey from 2,550. 0p to 2,200. 0p on Tuesday, citing higher discount rates and the wider de-rating of equity markets since its last update in May.
Broker tips: Unilever, Virgin Money, Playtech
Analysts at Berenberg upgraded their rating on consumer goods giant Unilever from 'hold' to 'buy' on Monday, stating the group was "repositioned for faster growth".
Broker tips: Prudential, MJ Gleeson
Analysts at JP Morgan raised their target price from insurance firm Prudential from £13. 80 per share to £14. 50 on Friday to reflect foreign exchange movements and a roll-forward of its valuation.
JP Morgan raises target price on Prudential
Analysts at JP Morgan raised their target price from insurance firm Prudential from £13. 80 per share to £14. 50 on Friday to reflect foreign exchange movements and a roll-forward of its valuation.
Broker tips: Aveva, Wood, Vodafone
Analysts at Berenberg downgraded software firm Aveva from 'buy' to 'hold' on Thursday as it noted Schneider's bid for the company will likely be accepted.
Broker tips: AB Foods, Celtic
Analysts at UBS downgraded Primark owner Associated British Foods from 'neutral' to 'buy' on Wednesday, stating setbacks at the fast fashion retailer had forced it to move to the sidelines.
Broker tips: Craneware, SSE, Good Energy
Analysts at Berenberg raised their target price on software firm Craneware from 2,320. 0p to 2,600. 0p on Tuesday, stating the group was "a rare UK asset".
Broker tips: Fevertree, Kitwave
Analysts at Berenberg downgraded mixed drinks manufacturer Fevertree from 'buy' to 'hold' on Friday, citing external pressures.
Broker tips: Currys, Tate & Lyle, Dechra Pharmaceuticals, GlaxoSmithKline, AstraZeneca
Analysts at Berenberg initiated coverage on electrical retailer Currys, formerly Dixons Carphone, with a 'hold' rating and 70. 0p target price on Thursday, stating it was waiting for a "milder backdrop".
Broker tips: Abrdn, Croda International, Petra Diamonds
Deutsche Bank downgraded Abrdn to 'sell' from 'hold' on Wednesday and cut its price target on the stock from 175. 0p to 135. 0p, arguing that accelerating stake sales won't offset wider headwinds.
Broker tips: Bakkavor, Accsys Technologies
Analysts at Berenberg lowered their target price on food manufacturing group Bakkavor from 110. 0p to 95. 0p on Tuesday, citing a lower earnings trajectory.
Broker tips: AB Foods, Tate & Lyle, James Fisher
Analysts at Deutsche Bank lowered their target price on Primark owner AB Foods from 1,850. 0p to 1,575. 0p on Monday, stating "reality" was now dawning.
Broker tips: Associated British Foods, Energean
Analysts at Barclays downgraded Associated British Foods to 'equal weight' on Friday, stating visibility was "just too low".
Broker tips: Treat, Ocado, Asos
Analysts at Berenberg initiated coverage on ingredients manufacturer Treatt at 'buy' on Thursday, stating the stock was "a natural beauty".
Broker tips: BHP, Equals Group
Analysts at Berenberg reiterated their 'hold' rating on mining giant BHP on Wednesday, stating its recently announced bid for OZ Minerals was "sensible" but "too low".
Broker tips: BT Group, Aviva, Arrow Exploration
Analysts at Berenberg downgraded telecommunications giant BT Group from 'buy' to 'hold' on Tuesday, citing a "corridor of concerns".
Broker tips: Tyman, Rockhopper Exploration
Analysts at Berenberg downgraded construction firm Tyman from 'buy' to 'hold' and slashed their target price on the stock from 420. 0p to 250. 0p on Monday, stating now was "not the right time".
Broker tips: Hunting, Gulf Keystone
Analysts at Berenberg raised their target price on oil and gas industry supplier Hunting from 275. 0p to 325. 0p on Friday, stating momentum was building into an improving outlook.