Broker Recommendations
Canaccord Genuity lowers target price on Kainos
Analysts at Canaccord Genuity lowered their target price on software and services outfit Kainos from 1,880. 0p to 1,400. 0p on Tuesday following a trading update from the group.
Berenberg lowers ITV to 'sell', halves target price
Analysts at Berenberg downgraded broadcaster ITV from 'hold' to 'sell' on Tuesday, stating it now thinks consensus estimates are too high, particularly in respect of 2023.
Deutsche Bank slashes target price on Asos
Analysts at Deutsche Bank slashed their target price on clothing retailer Asos from 3,850. 0p to 2,900. 0p on Thursday, stating there were "a number of challenges" facing the stock's investment case.
Berenberg downgrades Bunzl to 'hold'
Analysts at Berenberg lowered their rating on business services outfit Bunzl on Thursday, stating the stock had gone from "one extreme to another".
Barclays lowers target price on Dr Martens
Analysts at Barclays cut their target price on iconic bootmaker Dr Martens from 480. 0p to 360. 0p on Wednesday but said it still sees as much as 50% upside to the stock's current price.
JPMorgan upgrades Derwent and GPE, downgrades Landsec
JPMorgan Cazenove upgraded Great Portland Estates and Derwent London on Wednesday, but downgraded Landsec as it took a look at London office space.
RBC Capital Markets upgrades ITM Power to 'outperform'
RBC Capital Markets upgraded ITM Power on Wednesday to ‘outperform’ from ‘sector perform’ and hiked the price target to 500p form 300p.
JPMorgan downgrades Hammerson, cites deteriorating consumer outlook
JPMorgan Cazenove downgraded shares of shopping centre owner Hammerson on Wednesday to ‘underweight’ from ‘neutral’, citing a deteriorating consumer outlook and higher borrowing cost risk.
Berenberg raises target price on AstraZeneca
Analysts at Berenberg raised their target price on AstraZeneca shares from £100 to £120 on Tuesday, stating the stock was now "hot to trop".
JPMorgan downgrades Rolls-Royce to 'underweight', shares slide
JPMorgan Cazenove downgraded Rolls-Royce on Tuesday to ‘underweight’ from ‘neutral’ and slashed the price target to 75p from 140p, sending shares in the engine maker tumbling.
JP Morgan reiterates 'overweight' on UK equities, sees multiple positives
Strategists at J. P. Morgan reiterated their 'overweight' stance for UK equities, pointing to their "very attractive" valuations, the highest dividend yields from among key regions and low beta to back up their case.
Jefferies upgrades Sainsbury's to 'buy'
Analysts at Jefferies upgraded supermarket Sainsbury's from 'hold' to 'buy' on Monday after taking a fresh look at general retailers in the UK.
Jefferies upgrades Wood Group to 'hold'
Jefferies upgraded Wood Group on Monday to ‘hold’ from ‘underperform’ in the absence of any incremental specific company announcements to change its valuation.
Berenberg lowers target price on Pets at Home
Analysts at Berenberg lowered their target price on Pets At Home from 570. 0p to 510. 0p on Monday despite acknowledging that the group had an "exceptional" 2022 trading year.
Goldman Sachs downgrades WPP to 'neutral'
Goldman Sachs downgraded advertising giant WPP on Monday to ‘neutral’ from ‘buy’ as it took a look at internet and media stocks.
Berenberg upgrades Irn-Bru maker AG Barr to 'buy'
Berenberg upgraded shares of Irn-Bru maker AG Barr on Monday to ‘buy’ from ‘hold’ and hiked the price target to 660p from 580p as it said the company’s transformation was underappreciated.
BofA calls into question Stoxx 600's resilience
Equity strategists at Bank of America called into question European stocks' rally from the selling that ensued after Russia invaded Ukraine.
Goldman downgrades Robinhood Markets, shares tumble
Goldman Sachs downgraded Robinhood Markets on Friday to ‘sell’ from ‘neutral’ and cut the price target to $13 from $15, sending shares of the online trading platform tumbling.
Berenberg lowers target price on 'overlooked' Moonpig
Analysts at Berenberg lowered their target price on greeting cards and gifts retailer Moonpig from 390. 0p to 420. 0p on Friday despite saying "another encouraging update" from the firm being overlooked by the market.
HSBC downgrades Intertek to 'hold'
HSBC downgraded its recommendation on shares of inspection, product testing and certification group Intertek on Friday, slashing the price target to 5,700p from 6,500p.