Broker Recommendations
Broker tips: Reckitt, St James's Place, Direct Line
Analyst at RBC Capital Markets lowered their target price on consumer goods company Reckitt from 7,500. 0p to 7,000. 0p on Thursday but reiterated their 'outperform' rating on the stock, stating it was currently "bruised but undervalued".
Broker tips: St James's Place, Intercontinental Hotels Group
Deutsche Numis put its rating on St James's Place under review from 'buy' on Wednesday after the wealth manager's full-year results.
Broker tips: Hikma Pharmaceuticals, Unilever, Rentokil Initial, Flutter Entertainment
Analysts at Berenberg raised their target price on drugmaker Hikma Pharmaceuticals from 1,960. 0p to 2,000. 0p on Tuesday, citing more stability in its generics unit.
Broker tips: Standard Chartered, Tate & Lyle, Anglo American
Berenberg upped its price target on 'buy' rated Standard Chartered on Monday to 1,050. 0p from 1,000. 0p as it said that growth and returns are undervalued.
Broker tips: Breedon, Domino's, Trainline, Chemring
Barclays upgraded construction materials company Breedon Group to 'overweight' from 'equalweight' on Friday and hiked its price target for the stock to 450. 0p from 380. 0p.
Broker tips: Moneysupermarket, Hargreaves Lansdown, Mitchells & Butlers
Berenberg upgraded Moneysupermarket on Thursday to 'buy' from 'hold' and lifted its price target on to 295p from 290p, noting that since it re-initiated coverage on 20 November 2023, shares have declined by 12%.
Broker tips: Genel, Centrica, Barclays
Jefferies upgraded Genel to 'buy' from 'hold' on Wednesday and lifted its price target on the stock to 100. 0p from 85. 0p, noting that the shares had been volatile of late as various media reports suggesting an imminent reopening of an Iraq-Türkiye export pipeline proved to be incorrect.
Broker tips: Dominos Pizza Group, XP Power, Arrow Exploration
Jefferies upgraded Domino's Pizza Group on Tuesday to 'buy' from 'hold' and lifted its price target on the stock to 430. 0p from 410. 0p.
Broker tips: Flutter Entertainment, Centrica
Berenberg lifted its price target on Flutter Entertainment to 18,600. 0p from 17,000. 0p on Monday and reiterated its 'buy' recommendation on the stock as it highlighted strong growth and balance sheet flexibility.
Broker tips: Dowlais, Close Brothers
Barclays initiated coverage of Dowlais on Friday with an 'overweight' rating and a 110. 0p price target.
Broker tips: GSK, Kingfisher, Auto Trader, IntegraFin
Analysts at Berenberg hiked their target price on drugmaker GSK from £16. 50 to £18. 20 on Thursday, stating the group had delivered "a strong performance year-to-date".
Broker tips: DiscoverIE, Wizz Air, Synthomer
RBC Capital Markets initiated coverage of discoverIE on Wednesday with a ‘sector perform’ rating and 760 price target, as it said the growth outlook remains strong but less differentiated.
Broker tips: GSK, Breedon
Citi has upgraded its rating on vaccines and drugs blue chip GSK to 'buy' while also boosting its earnings estimates, basing its decision on "compelling" data about Blenrep, the group's novel treatment for multiple myeloma, as well as a range of other positive indicators.
Broker tips: Ashmore, Smith & Nephew, AstraZeneca
JPMorgan Cazenove nudged down its price target on Ashmore from 185. 0p to 184. 0p on Monday and reiterated its 'underweight' rating as it argued that the re-rating has gone too far.
Broker tips: Legal & General, Barclays, Unilever, Keller, Kier
Legal & General was under the cosh on Friday as Citi cut its 2023 earnings per share estimates and opened a 30-day ‘negative catalyst watch’ on the shares ahead of full-year results on 6 March.
Broker tips: Babcock, Compass, System1
Babcock shot higher on Thursday as JPMorgan Cazenove lifted its price target on the shares to 630p from 610p and upped its earnings per share estimates following the company’s capital markets day.
Broker tips: Mattioli Woods, Deltic Energy
Analysts at Berenberg reiterated their 'buy' rating and 870. 0p target price on wealth management firm Mattioli Woods on Wednesday following the group's "solid" interim results a day earlier.
Broker tips: Entain, Flutter, SThree, Sainsbury's
Barclays downgraded Entain on Tuesday to ‘equalweight’ from ‘overweight’ and cut the price target to 1,070p from 1,120p, as it said "the recovery is not straightforward".
Broker tips: Land Securities, British Land, Kingfisher
Morgan Stanley upgraded its stance on Land Securities to 'overweight' from 'equalweight' on Monday and reiterated its 'overweight' rating on British Land as it pointed to stabilising property yields.
Broker tips: Wise, easyJet, Wizz, BT
Jefferies has upgraded its rating on money transfer specialist Wise to a ‘buy’ on the back of improving growth prospects.