Broker Recommendations
Broker tips: DFS, JD Sports
Analysts at Berenberg downgraded their recommendation for shares of DFS Furniture from 'buy' to 'hold' on anticipation that management's guidance for improved demand in mid-2024 would prove premature.
Broker tips: IAG, Dr. Martens, Ascential
JPMorgan Cazenove placed shares of BA and Iberia owner IAG on ‘positive catalyst watch’ on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.
Broker tips: Dr. Martens, Mobico, Auto Trader
Goldman Sachs downgraded Dr Martens to ‘sell’ from ‘neutral’ on Tuesday and cut the price target to 87p from 93p.
Broker tips: Ashtead, Experian
JPMorgan Cazenove said on Monday that Experian was its top pick in the European business services sector, along with Bureau Veritas, both of which it rates at ‘overweight’.
Broker tips: Redrow, St.James's Place
Berenberg has cut its rating for housebuilder Redrow from 'buy' to 'hold' following the company's announced merger with Barratt Developments.
Broker tips: Redrow, IAG, Vistry
RBC Capital Markets downgraded Redrow on Thursday to ‘sector perform’ from ‘outperform’ following a period of outperformance and the fact the share price is now linked to that of Barratt Developments.
Broker tips: Sabre Insurance, Close Brothers, Elementis
RBC Capital Markets has lifted its target price for Sabre Insurance from 200p to 220p and reiterated an 'outperform' rating after the company's well-received annual results, hailing the company's ability to continue winning volumes profitably.
Broker tips: Vistry, Focusrite
RBC Capital Markets upgraded its stance on Vistry on Tuesday as it took a fresh look at the house housebuilder following its full-year results.
Broker tips: Team Internet Group, Centrica, Beazley
Analysts at Berenberg slightly raised their target price on global internet company Team Internet Group on Monday after the group's full-year results came in "marginally ahead" of numbers provided at the time of its trading update on 29 January.
Broker tips: Intertek, Mondi, CVS Group
Analysts at Shore Capital downgraded Intertek from 'hold' to 'sell' on Friday following the group's recent results.
Broker tips: Victoria, IG Group
Analysts at Berenberg slashed their target price on floorings manufacturer Victoria from 600. 0p to 300. 0p on Thursday but reiterated their 'buy' rating on the stock.
Broker tips: Harbour Energy, Intercontinental Hotels, Marlowe, Flutter Entertainment
Berenberg upgraded Harbour Energy on Wednesday to 'buy' from 'hold' and lifted its price target on the stock to 360. 0p from 280. 0p as it said that cash flow supports higher returns.
Broker tips: Rentokil Initial, Quilter
RBC Capital Markets upped its price target on Rentokil Initial on Tuesday to 590. 0p from 575. 0p and maintained its 'outperform' rating on the stock.
Broker tips: Admiral, Drax, Marks and Spencer, Virgin Money
Admiral rallied on Monday as Berenberg lifted its price target on the shares to 2,973. 0p from 2,961. 0p after results last week.
Broker tips: BAE Systems, PZ Cussons, Spirax-Sarco
Analysts at Citi reinstated their 'neutral' rating on defence group BAE Systems on Friday, updating its forecasts following the company's acquisition of Ball Aerospace.
Broker tips: Man Group, Travis Perkins
Numis has lifted its recommendation for investment manager Man Group from 'hold' to 'buy' and hiked its target price from 260. 0p to 315. 0p, saying that the company's decent short-term investment performance "cannot be ignored".
Broker tips: Experian, IAG
Jefferies has upgraded its rating on Experian from 'hold' to 'buy' and hiked its target price by nearly 40%, saying that growth is at an inflection point for the data analytics and credit ratings agency.
Broker tips: Trustpilot, Clarkson
Analysts at JP Morgan raised their target price on review website operator Trustpilot from 190. 0p to 250. 0p on Tuesday, stating earnings momentum looked set to continue as the group transitions into a fast-growing free cashflow generator.
Broker tips: Craneware, Spectris, BP
Analysts at Berenberg lifted their target price on software firm Craneware from 2,300. 0p to 2,600. 0p on Monday, noting that strong momentum had seemingly continued throughout the first half of its trading year.
Broker tips: Hunting, Burberry, Relx
Analysts at Canaccord Genuity hiked their target price on energy supplier Hunting from 400. 0p to 450. 0p on Friday following the publication of the group's full-year results a day earlier.