Broker Recommendations
Broker tips: Frasers Group, Admiral
Shore Capital has reiterated its 'buy' recommendation on Frasers Group after the retail conglomerate purchased loss-making fast fashion group Matches this week.
Broker tips: Intertek, BAE Systems
Exane BNP Paribas upgraded Intertek to 'outperform' from 'underperform' on Wednesday, saying it sees 20% upside from a re-rating as the market prices in stronger mid-term earnings per share growth.
Broker tips: Bunzl, Star Energy
Bunzl's recent share-price rebound means the stock is "too expensive", according to RBC Capital Markets which reiterated an 'underperform' position and 2,600. 0p target price on the distribution company on Monday.
Broker tips: Currys, Serco
Analysts at Berenberg nudged up their target price on electrical retailer Currys from 62. 0p to 64. 0p on Friday, stating cost control had delivered margin progression.
Broker tips: Compass, Marston's, Ocado, Hochschild
JP Morgan upgraded its ratings for both catering giant Compass Group and pub and hotel operator Marston's after its latest review of the Europe-listed leisure sector.
Broker tips: WPP, Paragon Banking, CRH
Advertising and media group WPP's share price was weighed down on Wednesday by a ratings cut by JP Morgan from 'overweight' to 'neutral' and slashed its target price for the stock from 1,170. 0p to just 850. 0p.
Broker tips: Rio Tinto, Spirent Communications, Compass
JPMorgan Cazenove upgraded Rio Tinto on Tuesday as it took a look at metals and mining stocks.
Broker tips: 3i Group, Ocado
RBC Capital Markets initiated coverage of private equity firm 3i Group on Wednesday with an 'outperform' rating and 2,550. 0p price target.
Broker tips: Auction Technology, Pod Point, Endeavour Mining, Centamin, Pan African Resources
Barclays downgraded Auction Technology on Tuesday to 'equalweight' from 'overweight' and slashed its price target on the stock to 600. 0p from 880. 0p.
Broker tips: Ashtead Technology, Spirax-Sarco, Petrofac, Tesco
Analysts at Canaccord Genuity downgraded subsea equipment rental group Ashtead Technology to 'hold' from 'buy' on Friday but hiked its target price on the stock from 475. 0p to 615. 0p following what it called "the big one".