Broker Recommendations
Broker tips: Watches of Switzerland, Avation, Experian
Deutsche Bank upgraded Watches of Switzerland on Thursday to 'buy' from 'hold' and lifted its price target on the stock to 490. 0p from 435. 0p as it said now was the right time to revisit the WOSG investment case and its mid-term growth potential.
Broker tips: Big Technologies, EasyJet, Kitwave
Analysts at Berenberg lowered their target price on technology platform operator Big Technologies from 155. 0p to 140. 0p on Wednesday but said it was more optimistic going into FY25 following a "tough" H1.
Berenberg lowers target price on Big Technologies
Analysts at Berenberg lowered their target price on technology platform operator Big Technologies from 155. 0p to 140. 0p on Wednesday but said it was more optimistic going into FY25 following a "tough" H1.
Canaccord Genuity raises target price on Kitwave following Creed Catering acquisition
Analysts at Canaccord Genuity hiked their target price on foodservice wholesaler Kitwave from 455. 0p to 495. 0p on Wednesday following the group's £70. 0m cash acquisition of Creed Catering Supplies.
Broker tips: Currys, Essentra
Canaccord Genuity has initiated coverage on workforce benefits and health insurance provider Personal Group on Tuesday with a 'buy' rating and 209. 0p target price.
Broker tips: Currys, Spirent Communications
Berenberg lifted its price target on Currys on Monday to 125. 0p from 92. 0p as it pointed to confidence in both the growth outlook and improving cash generation.
Broker tips: Volution, UK supermarkets
Berenberg lifted its price target on Volution on Friday to 700. 0p from 600. 0p after it announced an agreement to buy Fantech Group in Australasia from Elta Group for up to AUD $280. 0m (£144. 0m).
Broker tips: Ashtead, JTC
Analysts at Berenberg initiated coverage on industrial and speciality equipment rental group Ashtead with a 'buy' rating and 7,000. 0p target price on Thursday, calling it the highest-quality company in the rentals sector.
Broker tips: Hammerson, Marshalls, Warpaint London
Citi upgraded Hammerson to 'buy' from 'neutral' on Wednesday and lifted the price target to 43. 0p from 26. 0p, saying it was entering a "new positive up cycle".
Broker tips: Auction Technology, Compass Group, THG
JPMorgan Cazenove upgraded Auction Technology on Tuesday to ‘overweight’ from neutral’ as it argued the shares are overly discounting earnings risk into 2025.
Broker tips: Marks & Spencer, JTC
RBC Capital Markets lifted its price target on Marks & Spencer on Monday to 400p from 350p as it raised estimates on the ‘outperform’ rated stock, pointing to sales momentum and the recent re-rating of the UK food retail sector.
Broker tips: James Fisher and Sons, Trainline
Canaccord Genuity has cut its rating for James Fisher and Sons from 'buy' to 'hold', saying that the marine engineering services group still has a long way to go in its turnaround.
Broker tips: Rotork, Trustpilot
JPMorgan Cazenove upgraded Rotork on Wednesday to 'overweight' from 'neutral' and lifted its price target on the stock to 370. 0p from 365. 0p.
Broker tips: Asos, The Pebble Group
Barclays downgraded Asos to 'underweight' from 'equalweight' and cut its price target to 290. 0p from 300. 0p as it said the online fashion retailer was no longer just a refinancing story.
Broker tips: Rightmove, Burberry
Jefferies upgraded Rightmove on Monday to 'hold' from 'underperform' and lifted its price target on the stock to 720. 0p from 450. 0p as it said an offer was "probable" after Australia's REA Group confirmed it was considering a possible cash and share offer for the property portal.
Broker tips: Melrose Industries, Zephyr Energy, Entain
Morgan Stanley initiated coverage of Melrose Industries on Friday at 'equalweight' with a 500. 0p price target, noting that a strong aftermarket narrative supported its belief that profit and loss would come in 6-10% above consensus by 2027.
Broker tips: Coats Group, Ecora Resources
Analysts at Berenberg raised their target price on thread and structural components' manufacturer Coats Group from 120. 0p to 135. 0p on Thursday after the group announced that its UK pension scheme was now fully de-risked, a long-awaited catalyst for the stock.
Berenberg slightly raises target price on Coats Group
Analysts at Berenberg raised their target price on thread and structural components' manufacturer Coats Group from 120. 0p to 135. 0p on Thursday after the group announced that its UK pension scheme was now fully de-risked, a long-awaited catalyst for the stock.
Broker tips: Dalata Hotel Group, DS Smith
Analysts at Berenberg lowered their target price on hotels operator Dalata Hotel Group from 510. 0p to 480. 0p on Wendesday but applauded the group's "resilient H1 performance".
Broker tips: Hikma Pharmaceuticals, Judges Scientific, Michelmersh Brick
Berenberg upgraded Hikma Pharmaceuticals on Tuesday and lifted the price target to 2,400. 0p from 2,100. 0p as it said "clear progress" had been made.