Broker Recommendations
Broker tips: Dr Martens, Barratt Redrow
Analysts at Berenberg initiated coverage on iconic bootmaker Dr Martens on Thursday with a 'buy' rating and 102. 0p price target, noting that the business had both "global appeal and clear growth potential".
Broker tips: Rightmove, Admiral, Aurrigo
The market continues to overvalue Rightmove, with the shares pricing in another takeover offer from REA Group that's unlikely to materialise, according to Jefferies, which reiterated an 'underperform' stance on the stock.
Broker tips: B&M, Ceres
Analysts at Canaccord Genuity lowered their target price on discount retailer B&M from 545. 0p to 495. 0p on Tuesday following the surprise announcement of chief executive Alex Russo's departure and a further moderation to FY25 guidance.
Broker tips: Centrica, Conduit Holdings
RBC Capital Markets downgraded Conduit Holdings on Friday to ‘sector perform’ from ‘outperform’ and cut the price target to 425p from 575p.
Broker tips: Tullow Oil, BP, Shell
Analysts at Canaccord Genuity lowered their target price on exploration and production firm Tullow Oil from 35. 0p to 25. 0p following the group's recent trading update.
Broker tips: Antofagasta, Tate & Lyle, Jet2
JPMorgan Cazenove double upgraded Antofagasta on Wednesday to ‘overweight’ from ‘underweight’ and hiked the price target to 2,400p from 1,600p citing a positive long-term copper outlook and leading medium-term copper growth.
Broker tips: Glencore, BT, Plus500, Castings
Morgan Stanley upgraded Glencore on Tuesday to ‘overweight’ from ‘equalweight’ as it argued that concerns about deteriorating coal prices and around marketing profits in a low-volatility post-war world are "exaggerated".
Broker tips: Unilever, Barclays, St James's Place
Berenberg lifted its target price on Unilever from 5,490. 0p to 5,640. 0p following the consumer-goods giant's 2024 results last week, predicting that "best-in-class growth" from the company will persist in 2025.
Broker tips: Spirax Group, Costain, Inchcape, NatWest
Shore Capital downgraded Spirax Group on Friday to ‘sell’ following a 20% share price rise since it upgraded to ‘hold’ shortly after the in line update on 14 November 2024.
Broker tips: AstraZeneca, Pan African Resources
UBS upgraded AstraZeneca from 'neutral' to 'buy' on Thursday, citing the pharmaceutical firm's "sector-leading" drug pipeline.
Broker tips: AstraZeneca, Smiths Group, Dunelm, S&U
Morgan Stanley has initiated coverage of pharma giant AstraZeneca with an 'overweight' rating and 14,5000p target price, recommending investors to build positions at a "compelling entry point".
Broker tips: Entain, Celtic
Berenberg slightly raised its target price on bookmaker Entain from 1,010. 0p to 1,035. 0p on Tuesday, stating it was "continuing to bet" on the BetMGM turnaround.
Broker tips: FeverTree, Greencore, Arrow Exploration
Berenberg hiked its target price for tonic maker Fever-Tree from 700. 0p to 860. 0p on the back of the tonic maker's partnership with Molson Coors, which it said appears "highly attractive".
Broker tips: Raspberry Pi, Schroders, RHI Magnesita, Fresnillo
Jefferies downgraded Raspberry Pi on Wednesday to 'hold' from 'buy' "pending visibility of recovery" but hiked its price target on the stock to 770. 0p from 448. 0p.
Broker tips: YouGov, Barratt Redrow, SSP
Analysts at Berenberg lowered their target price on market research firm YouGov from 810. 0p to 760. 0p on Tuesday following the group’s H125 trading update earlier in the morning.
Broker tips: Ultimate Products, HSBC, Diageo
Analysts at Canaccord Genuity lowered their target price on Ultimate Products from 182. 0p to 130. 0p on Monday, noting that "challenging UK conditions" had persisted.