Broker Recommendations
Deutsche Bank cuts target price on Next
Analysts at Deutsche Bank slashed their target price on retailer Next from 9,250. 0p to 7,850. 0p on Thursday, stating investors need to "think differently" about the stock.
Canaccord Genuity lowers target price on Strix Group
Analysts at Canaccord Genuity lowered their target price on kettle safety controls manufacturer Strix Group from 375. 0p to 300. 0p on Thursday as it pondered whether near-term headwinds would "bark or bite".
Barclays reinstates coverage of Pearson at ‘equalweight’
Barclays reinstated coverage of Pearson on Thursday with an ‘equalweight’ rating and 725p price target, after US investment manager Apollo said it would not be making an offer for the educational publisher after failing to agree terms.
Canaccord Genuity lowers IQE to 'hold'
Analysts at Canaccord Genuity downgraded semiconductor IQE from 'speculative buy' to 'hold' on Wednesday, stating the firm was stuck between "a wafer and a chip place".
RBC Capital downgrades Antofagasta to 'underperform'
Analysts at RBC Capital Markets lowered their target price on miner Antofagasta from 1,450. 0p to 1,350. 0p on Wednesday as it cut its rating on the stock from 'sector perform' to 'under perform', stating the risk/reward scenario was now "stretched".
Experian slumps after Citi downgrade to 'neutral'
Citi downgraded its stance on Experian on Wednesday to ‘neutral’ from ‘buy’, arguing that cyclical headwinds are likely to make it difficult for the North American data business to deliver consensus FY23E organic growth of 8. 2%.
Citi and Morgan Stanley 'mixed' on outlook for airlines
Analysts at Citi and Morgan Stanley sounded a mixed note on the outlook for airlines.
Berenberg lowers target price on TinyBuild
Analysts at Berenberg cut their target price on video games publisher TinyBuild from 325. 0p to 250. 0p on Tuesday but said the group's business model was continuing to show strength.
Credit Suisse upgrades UK small caps
Credit Suisse has upgraded European and UK small caps as part of its latest global equity strategy.
JP Morgan cuts rating on Barclays
The positive investment case for British banks is starting to weaken, JP Morgan said on Tuesday, as it reiterated Lloyds Banking Group as its top pick but cut its rating on Barclays.
ShoreCap stays at 'buy' on Barclays despite over-issuance of structured products
ShoreCap analysts stood by their 'buy' recommendation for shares of Barclays even after the lender announced that it would book a massive financial charge due to a regulatory breach.
RBC Capital Markets hails JD Sports resilience
JD Sports should prove to be one of the more resilient models in the European general retail sector this year, RBC Capital Markets said in a note on Monday.
Berenberg slashes target price on Knights Group
Analysts at Berenberg slashed their target price on legal and professional services business Knights Group from 410. 0p to 165. 0p on Monday following the firm's recent trading update.
Investors should not make economic recession their 'base case', J.P.Morgan says
Equity strategists at J. P. Morgan reiterated their view that clients should not adopt an economic recession in the US, nor in Europe, as their 'base case'.
Morgan Stanley prefers Tesco over Sainsbury, says it's best placed for rising inflationary environment
Analysts at Morgan Stanley reiterated their preference for shares of Tesco over rival Sainsbury, arguing that the former was better placed to adapt to the expected higher food inflation and to protect its margins.
Berenberg lowers target price on Fevertree
Analysts at Berenberg lowered their target price on drinks maker Fevertree from 2,600. 0p to 2,250. 0p on Friday after the group lowered its full-year underlying earnings guidance.
Credit Suisse downgrades B&M European Value Retail
Credit Suisse downgraded discount retailer B&M European Value Retail to ‘neutral’ from ‘outperform’ on Friday and cut the price target to 600p from 675p, noting that the shares have consistently outperformed UK retail over the past year.
Jefferies upgrades HomeServe as Brookfield mulls offer
Jefferies upgraded HomeServe to ‘hold’ from ‘underperform’ after Canadian property investment group Brookfield Asset Management announced on Thursday that one of its private infrastructure funds was in the early stages of considering a possible offer for the company.
Canaccord Genuity raises target price on Atlantic Lithium
Analysts at Canaccord Genuity raised their target price on mining firm Atlantic Lithium from 60. 0p to 70. 0p on Thursday after the group announced a 42% increase in mineral resources at its Ewoyaa project in Ghana.
RBC Capital upgrades Rightmove to 'sector perform'
RBC Capital Markets upgraded Rightmove on Thursday to ‘sector perform’ from ‘underperform’, saying it is now more confident in the company's ability to deliver on market expectations, based on its bottom-up average revenue per advertiser analysis.