Broker Recommendations
Broker tips: Future, NatWest
Canaccord Genuity has cut its recommendation for Future from 'hold' to 'sell' ahead of the specialist media group's annual results next week, saying it sees downside risk to market forecasts.
Broker tips: Anglo American, Direct Line, Aviva, Arrow Exploration
Analysts at Berenberg lowered their target price on precious metals miner Anglo American from 2,500. 0p to 2,200. 0p on Wednesday ahead of the group's 8 December update.
Broker tips: M&G, B&M, Frasers Group, Frontier Developments
Analysts at Goldman Sachs initiated coverage on investment manager M&G with a 'buy' rating and 240. 0p target price on Tuesday, stating it had "attractive growth, capital returns, and valuation".
Broker tips: Entain, Rightmove, Celebrus Technologies
Goldman Sachs double downgraded its stance on Ladbrokes and Coral owner Entain to 'sell' from 'buy' on Monday and slashed its price target on the stock to 820. 0p from 1,450. 0p, stating it now believes the inflection of fundamentals will take longer to come through, leading it to cut its estimates for FY24/25 earnings per share by around 30%.
Broker tips: Sage, Breedon
Analyst at Canaccord Genuity downgraded software and services firm Sage from 'hold' to 'sell' on Friday, stating the recent share price reaction to its "in-line" set of full-year results and guidance had presented a "compelling" opportunity to take profit.
Broker tips: Sage, Cranswick, BAE Systems
Bank of America has lifted its target price for business software group Sage, saying the company is "ticking all the boxes" with its solid top-line growth, margin expansion and a new share buyback.
Broker tips: JD Sports, HSBC, Videndum
Bank of America Merrill Lynch highlighted JD Sports' "superior market position" in a research note on Wednesday, which it said was not reflected in its current share price.
Broker tips: Softcat, Capital, Admiral, Diploma
JP Morgan has downgraded its rating on Softcat from 'neutral' to 'underweight', stating the IT infrastructure and services provider's slow earnings growth doesn't justify the stock's premium valuation.
Broker tips: Cerillion, Standard Chartered, Currys, Compass
Analysts at Berenberg raised their target price on software firm Cerillion from 1,400. 0p to 1,500. 0p on Monday on the back of the group's "record year".
Broker tips: Burberry, XP Power, NatWest
RBC Capital Markets cut its price target on Burberry to 1,700. 0p from 1,900. 0p on Friday after the luxury fashion brand's sales warning a day earlier.
Broker tips: Babcock, Lancashire, B&M European Retail
Bank of America Merrill Lynch reiterated its 'buy' rating on Babcock International on Thursday while trimming its price target on the stock.
Broker tips: M&G, IHG
RBC Capital Markets downgraded M&G on Tuesday to ‘sector perform’ from ‘outperform’ and cut the price target to 200p from 220p as it turned more cautious on asset management.
Broker tips: Dr Martens, M&G, Aviva
Dr Martens slumped on Monday after Barclays downgraded shares of the iconic bootmaker to ‘equalweight’ from ‘overweight’ and cut the price target to 140p from 174p.
Broker tips: Wizz Air, Smith & Nephew
Analysts at RBC Capital Markets lowered their target price on low-cost carrier Wizz Air from 3,400. 0p to 3,200. 0p on Friday following the group's interim results.
Broker tips: Unilever, Auto Trader, Rainbow Rare Earths
Barclays upgraded Unilever to 'overweight' from 'equalweight' on Thursday and lifted its price target on the stock to 4,600. 0p from 4,300. 0p, having turned more positive after digesting chief executive Hein Schumacher's strategy update and targets.
Broker tips: JD Sports, Dunelm, Hikma Pharmaceuticals
Citi initiated coverage JD Sports on Monday with a ‘buy’ rating as it took a look at European sporting goods.
Broker tips: Howden Joinery, James Fisher, Antofagasta, Rightmove, Smith & Nephew
Berenberg lowered its target price on commercial furniture group Howden Joinery from 870. 0p to 835. 0p on Friday after the group noted that its outturn was more likely to be at the lower end of consensus estimates.
Broker tips: Jupiter Fund Management, BP
Canaccord Genuity has downgraded Jupiter Fund Management from 'buy' to 'hold' and more than halved its target price on the stock, saying that rising competitive pressures are exacerbating ongoing market challenges.
Broker tips: Asos, BP, Segro, Great Portland Estates
Analysts at Berenberg reiterated their 'buy' rating on retailer Asos on Wednesday but lowered their target price on the stock from 760. 0p to 600. 0p even as it said the group was "all geared for growth".