Broker Recommendations
Broker tips: Jupiter Fund Management, Legal & General, M&G, Diageo
Analysts at Canaccord Genuity downgraded fund manager Jupiter Fund Management from 'buy' to 'hold' on Tuesday, stating upside was "limited" after the group's recent re-rating.
Broker tips: Treatt, Tritax Big Box
Analysts at Berenberg took a fresh look at food chemicals manufacturer Treatt on Monday, stating it was "so far so good" for the group in its current trading year.
Broker tips: Direct Line, Close Brothers, eEnergy
Analysts at Berenberg very slightly lowered their target price on insurance group Direct Line from 160. 0p to 159. 0p on Friday following the announcement of its quota share deal.
Broker tips: Ocado, Boohoo, Hiscox
RBC Capital Markets downgraded its stance on online supermarket Ocado and fast-fashion retailer Boohoo on Thursday.
Broker tips: Experian, Darktrace, Direct Line
Credit Suisse downgraded Experian on Wednesday to ‘neutral’ from ‘outperform’ and cut the price target to 2,900p from 3,250p as it said the shares look "fairly valued".
Broker tips: Dunelm, EasyJet, IAG, Ryanair
Analysts at Berenberg raised their target price on retailer Dunelm from 1,130. 0p to 1,240. 0p on Tuesday, stating the group's numbers "increasingly well underpinned".
Broker tips: Everyman Media, Energean, AB Foods
Analysts at Canaccord Genuity lowered their target price on cinema chain operator Everyman Media on Monday, stating that while the group had delivered a full-year earnings beat, growth trajectory for the coming two years had "moderated".
Broker tips: Secure Trust, Crest Nicholson, Hargreaves Lansdown
Analysts at Berenberg lowered their target price on retail and commercial bank Secure Trust from 1,820. 0p to 1,420. 0p on Friday as the group continues to navigate current conditions.
Broker tips: Fresnillo, WPP, DFS Furniture
UBS downgraded precious metals miner Fresnillo on Thursday to 'sell' from 'neutral' and cut its price target on the stock to 850. 0p from 900. 0p.
Broker tips: Genel Energy, Kenmare Resources
Analysts at Canaccord Genuity slightly lowered their target price on oil company Genel Energy from 180. 0p to 170. 0p on Wednesday following the group's trading update.
Broker tips: 888 Holdings, Quilter, ITM Power
Analysts at Berenberg slashed their target price on bookmaker 888 Holdings from 320. 0p to 220. 0p on Tuesday, stating interest costs remained "a burden".
Broker tips: Rotork, Man Group, Ashtead Technology
Analysts at RBC Capital Markets downgraded industrial valve manufacturer Rotork from 'outperform' to 'sector perform' on Monday, citing "reduced upside".
Broker tips: Pendragon, Whitbread
Analysts at Berenberg resumed coverage on used car dealers Pendragon at 'buy' on Friday after suspending its coverage on the stock back in September, stating the firm was now "back to business".
Broker tips: Focusrite, Rio Tinto, Antofagasta, Clarkson
Analysts at Berenberg initiated coverage on audio-products company Focusrite with a 'buy' rating and 1,100. 0p target price on Thursday, citing a number of near-term tailwinds and M&A optionality.
Broker tips: Anpario, Softcat, Superdry
Analysts at Canaccord Genuity slashed their target price on animal feed manufacturer Anpario from 800. 0p to 580. 0p on Tuesday following an "unusually challenging" trading year.
Broker tips: BT, B&M, M&S
Citi upgraded BT Group to 'buy' from 'neutral' on Monday as it argued that pricing momentum could offset free cash flow headwinds.
Broker tips: Next, Inchcape
Credit Suisse downgraded Next to 'underperform' from 'neutral' as it said the shares were likely to underperform stocks that look cheap versus history.
Broker tips: HSBC, RyanAir, Prudential
Jefferies upgraded HSBC on Thursday to ‘buy’ from ‘hold’ and hiked the price target to 770p from 574p as it said the bank was positively-geared to a re-opening in China.
Broker tips: BT Group, Frontier Developments
Analysts at Berenberg lowered their target price on telecommunications giant BT Group from £1. 90 to £1. 60 on Wednesday, stating "all eyes" will be on pricing moves.