Broker Recommendations
Broker tips: JD Sports, Currys, Dunelm, Johnson Matthey, Warpaint
Berenberg has said it has a positive stance UK consumer stocks heading into 2025 due to depressed valuations and improving macro trends, naming JD Sports, Curry's and Dunelm among the best picks in the sector.
Broker tips: Tesco, Sainsbury's, Cranswick, Weir, Easyjet, JD Sports
JPMorgan Cazenove double upgraded Sainsbury's and Tesco on Thursday as it took a look at the outlook for European food retail.
Broker tips: Next, Melrose Industries, Halfords
RBC Capital Markets has upgraded its rating for high street retailer Next from 'sector perform' to 'outperform', saying that the company should beat market current market expectations for revenue.
Broker tips: JD Sports, Avacta, Liontrust Asset Management, Auction Technology Group
Shares in JD Sports Fashion tumbled on Thursday after a profit warning from the sportswear retailer, but it wasn't enough to change Shore Capital's 'buy' rating on the stock, with the broker citing an undemanding valuation.
Broker tips: Petershill Partners, Informa
Berenberg raised its target price on investment company Petershill Partners from 235. 0p to 270. 0p on Wednesday following the group's Q3 results a day earlier.
Broker tips: DCC, Judges Scientific, Sainsburys, Tesco
Jefferies hiked its price target on buy-rated DCC to 7,950. 0p from 7,600. 0p on Tuesday after the sales, marketing and support services group announced last week that it was planning to simplify its operations and focus on the energy sector.
Broker tips: XPS Pensions, John Wood Group
RBC Capital Markets lifted its price target on XPS Pensions on Monday to 395. 0p from 355. 0p ahead of first-half results.
Broker tips: Flutter Entertainment, Premier Foods
Premier Foods' share price rally has further to run, according to RBC Capital Markets, which reiterated an 'outperform' rating on the stock on Friday and hiked its target price following the manufacturer's interim results this week.
Broker tips: Oxford Instruments, Serco
Analysts at Berenberg lowered their target price on manufacturing and research company Oxford Instruments from 2,925. 0p to 2,830. 0p on Wednesday, citing a "strong underlying performance".
Broker tips: Direct Line, Morgan Advanced Materials, Melrose Industries, Pan African Resources
Jefferies downgraded Direct Line on Tuesday to 'hold' from 'buy' and cut its price target on the stock to 165. 0p from 235. 0p, stating the industry-wide turn to deflation meant that the time to raise prices ahead of inflation without materially contracting the policy count has now passed.
Broker tips: Trustpilot, Ceres Power, Vistry
Deutsche Bank initiated coverage of review platform Trustpilot on Monday with a ‘buy’ rating and 331p price target.
Broker tips: Auto Trader, Great Portland Estates, Relx
Analysts at Berenberg lowered their target price on Auto Trader from 880. 0p to 830. 0p on Friday, stating the group's "noisy" H1 had raised questions.
Broker tips: Burberry, Smith and Nephew, 3i Group
RBC Capital Markets upgraded Burberry on Wednesday to 'outperform' from 'sector perform' and hiked its price target on the stock to 900. 0p from 650. 0p.
Broker tips: Water companies, Close Bros, Melrose
UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat’s Final Determinations next month.
Broker tips: Fresnillo, Smith and Nephew, 3i Group
Canaccord Genuity downgraded Fresnillo on Monday to ‘hold’ from ‘buy’ as it pointed to a strong run over the past three to six months.
Broker tips: Warpaint, Schroders, Braemar, Morgan Sindall
RBC Capital Markets initiated coverage of Warpaint on Friday with an ‘outperform’ rating and 685. 0p price target.