Broker Recommendations
Broker tips: Next, Pennon, Greencore, Bakkavor
UBS upgraded its stance on Next on Friday to ‘buy’ from ‘neutral’ and lifted the price target to 11,700p from 10,500p.
Broker tips: Burberry, Renew Holdings
RBC Capital Markets lifted its price target on Burberry on Tuesday to 1,300p from 1,000p as it upped estimates after the third-quarter trading update.
Broker tips: Inchcape, Energean, British American Tobacco, WH Smith
Last week's sell-off in Inchcape's shares was overdone, according to analysts at Citi, which retained a 'buy' rating on the stock.
Broker tips: Anglo American, Quilter
Citi downgraded Anglo American on Friday to 'neutral' from 'buy' and cut the price target to 2,800. 0p from 3,000. 0p as it said that sum of the parts upside appears limited.
Broker tips: Spectris, Inchcape, AutoTrader, JD Sports, Angle
Shore Capital has reiterated its 'buy' rating for Spectris after an encouraging update from the precision instruments group on Thursday, saying it sees the potential for a material ratings upgrade.
Broker tips: Aviva, Diploma, JTC, Greatland Gold
JPMorgan Cazenove upgraded Aviva on Wednesday to ‘overweight’ from ‘neutral’ and lifted the price target to 615p from 555p as it assessed the valuation upside from the Direct Line acquisition.
Broker tips: MP Evans, Essentra
Analysts at Canaccord Genuity raised their target price on palm oil business MP Evans from 1,350. 0p to 1,400. 0p on Tuesday, stating the group was “continuing on the right path”.
Broker tips: National Grid, Judges Scientific, Bango, Spirax
Citi upgraded National Grid to ‘buy’ from ‘neutral’ on Monday following a period of share price underperformance, mostly driven by macro factors and flows.
Broker tips: Dunelm, Taylor Wimpey, Everyman Media
Berenberg has reiterated its 'buy' rating for homeware retailer Dunelm despite a cool reaction to the company's trading update this week, saying it still sees the stock as a defensive investment.
Broker tips: Trustpilot, Associated British Foods
Analysts at Berenberg raised their target price on reviews website operator Trustpilot from 270. 0p to 330. 0p on Thursday following a “positive FY24 trading update” from the group earlier this morning.
Broker tips: DCC, Unite, Watches of Switzerland
RBC Capital Markets upgraded sales, marketing and support services group DCC to ‘outperform’ from ‘sector perform’ on Wednesday and lifted the price target to 6,000p from 5,800p following recent weakness.
Broker tips: Rio Tinto, Clarkson
Berenberg has named Rio Tinto as its top pick for 2025 among London's blue-chip diversified mining stocks ahead of what's set to be a volatile start to the year for the sector.
Broker tips: Bunzl, Barclays, Science Group
Citi upgraded Bunzl on Monday to ‘buy’ from ‘neutral’ as it said it was a hedged sector investment.
Broker tips: Reckitt, Haleon, Persimmon, Serco
Morgan Stanley upgraded Reckitt Benckiser and downgraded Haleon on Friday as it took a look at consumer staples stocks.
Broker tips: Volution, Tesco
RBC Capital Markets reiterated its ‘outperform’ rating on Volution on Thursday, saying it continues to be a standout among its peers.
Broker tips: Ashmore Group, ProCook
Jefferies downgraded Ashmore on Wednesday to ‘hold’ from ‘buy’ and it cut the price target to 170p from 220p as it said it was moving to the sidelines until a macro catalyst emerges.
Broker tips: AJ Bell, Pennon, Raspberry Pi
Citi downgraded its stance on AJ Bell to ‘sell’ on Tuesday and cut its price target to 390p from 450p, citing risks from cash balances and competitor pricing.
Broker tips: Rolls-Royce, Unilever, B&M, Tesco
Rolls-Royce slumped on Monday after Citi downgraded its stance on the shares to 'neutral’ from buy’ on valuation grounds.