Broker Recommendations
Broker tips: Ashtead, Kainos, Future
JPMorgan Cazenove reiterated its ‘overweight’ rating on Ashtead on Tuesday and hiked its price target to 6,800p from 5,600p as it argued the risk/reward is now attractive.
Broker tips: Kingfisher, Rotork, IMI, Intertek
RBC Capital Markets downgraded B&Q and Castorama owner Kingfisher on Monday to ‘sector perform’ from ‘outperform’.
Broker tips: EasyJet, Rolls-Royce, Direct Line, Admiral
RBC Capital Markets hiked its price target on easyJet to 540p from 500p on Thursday and lifted estimates after the budget airline’s first-quarter update a day earlier.
Broker tips: Greggs, Haleon
Numis initiated coverage of Greggs on Wednesday with a ‘hold’ rating and 2,560p price target as it said growth was "baked in".
Broker tips: Prudential, Victrex
JPMorgan Cazenove reiterated its ‘overweight’ rating on Prudential on Tuesday as it said concerns about the stock reflect fear rather than fundamentals.
Broker tips: Segro, Sage, CMC Markets
Citi upgraded Segro on Monday to ‘buy’ from ‘neutral’, saying it estimates that as rates decline, the risk to its previous estimates of deep recession rent declines reverses and it now expects growth.
Broker tips: Yellow Cake, Informa
Analysts at Berenberg raised their target price on uranium group Yellow Cake from 744. 0p to 883. 0p on Thursday following a fireside chat with chief executive Andre Liebenberg and Dustin Garrow, managing principal at Nuclear Fuel Associates and chief commercial officer of 308 Services.
Broker tips: Drax, Midwich, Smith & Nephew, IMI
Citi downgraded Drax to 'sell' on Wednesday as it argued the shares have re-rated "unjustifiably" on the hope of further government support - a view the bank does not share before the general election.
Broker tips: AstraZeneca, GSK, Persimmon, Crest Nicholson, Premier Foods, Rightmove, Moneysupermarket, Rolls-Royce
UBS has downgraded AstraZeneca and upgraded rival GSK as part of its latest review of the European pharmaceutical sector.
Broker tips: Synthomer, Ceres Power, GCP Infrastructure
Analysts at Berenberg lowered their target price on chemicals business Synthomer from 400. 0p to 320. 0p on Friday as it lowered its operating profit expectations for 2023-25.
Broker tips: Antofagasta, Entain, JD Wetherspoon, British Land, Land Securities, WPP, EasyJet
RBC Capital Markets upgraded its stance on Chilean copper miner Antofagasta to 'outperform' from 'sector perform' on Thursday and hiked its price target on the stock to 1,800. 0p from 1,300. 0p.
Broker tips: Barclays, YouGov, Rentokil Initial
Shore Capital has reiterated its 'buy' rating on Barclays after reports emerged that the bank was in the process of cutting around 5,000 jobs.
Broker tips: Melrose, Legal and General, Energean
JP Morgan has placed Melrose on 'positive catalyst watch' ahead of the British manufacturing group's full-year results, saying it expects "good news to keep coming".
Broker tips: AJ Bell, Hargreaves Lansdown, Croda
Citi has placed AJ Bell and Hargreaves Lansdown on "negative catalyst watch" as part of its review of the European diversified and specialty finance sector.
Broker tips: JD Sports, Tullow Oil, EnQuest, Capricorn Energy, Pharos Energy
Shore Capital has placed its 'buy' rating on JD Sports under review after the high street retailer warned on sales and gross margins on Thursday.
Broker tips: Softcat, Experian, Rentokil Initial, GlaxoSmithKline, AstraZeneca
JP Morgan has reiterated its 'underweight' rating and 1,250. 0p target price on Softcat following investor feedback on its recent downgrade, saying that the stock is still too expensive given the deteriorating outlook for the IT infrastructure and services provider.