Broker Recommendations
Berenberg lowers target price on Royal Mail
Analysts at Berenberg lowered their target price on courier Royal Mail from 650. 0p to 575. 0p on Friday, stating there was "no reprieve" for the stock just yet.
EasyJet flies higher as BofA Merrill Lynch reiterates 'buy' rating
EasyJet rallied on Friday after Bank of America Merrill Lynch reiterated its ‘buy’ rating on shares of the budget airline.
Deutsche Bank downgrades Marshalls to 'hold'
Analysts at Deutsche Bank downgraded their rating on hard landscaping products manufacturer Marshalls from 'buy' to 'hold' on Friday, stating the group's future was "paved with greater uncertainty".
ShoreCap stays at 'buy' for most UK banking groups, prefers Barclays and Virgin Money UK
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of the majority of the UK's main banking groups - with the exception of HSBC.
Wedbush slashes Tesla price target on China headwinds
Wedbush slashed its price target on Tesla on Thursday to $1000 from $1400 as it argued that China headwinds are hard to ignore.
Berenberg slashes target price on 'mispriced' Future
Analysts at Berenberg slashed their target price on media company Future from 5,225. 0p to 3,600. 0p on Thursday, stating it was currently "a mispriced share".
Deutsche Bank lowers target price on Auto Trader
Analysts at Deutsche Bank lowered their target price on automotive classified advertising business Auto Trader from 800. 0p to 720. 0p on Thursday ahead of the group's full-year results on 26 May.
RBC Capital Markets upgrades Convatec to 'sector perform'
Analysts at RBC Capital Markets upgraded medical products and technologies company Convatec from 'underperform' to 'sector perform' on Wednesday, stating further earnings downgrades appeared to be already priced in.
RBC Capital upgrades Reckitt to 'outperform'
RBC Capital Markets upgraded Reckitt Benckiser on Wednesday to ‘outperform’ from ‘sector perform’ and lifted the price target to 7,000p from 5,900p.
JPMorgan upgrades WHSmith to ‘overweight’, hikes price target
JPMorgan Cazenove upgraded WHSmith on Wednesday to ‘overweight’ from ‘neutral’ and hiked the price target to 1,900p from 1,760p, saying it sees both an inflection point for the business and consistent momentum in the recovery data.
Credit Suisse says that it is too early to add
Equity strategists at Credit Suisse told clients that it was too early to add to their positions, warning that the risk of a recession remained "very high".
Berenberg lowers target price on Homeserve
Analysts at Berenberg lowered their target price on home repairs and improvements business Homeserve from 1,260. 0p to 1,205. 0p on Tuesday, stating a bid from Brookfield Asset Management's infrastructure fund appeared to be approaching.
Credit Suisse slashes price target on Next
Credit Suisse slashed its price target on Next on Tuesday to 6,450p from 8,025p as it argued the stock is higher risk than it looks.
RBC Capital Markets upgrades Diploma to 'sector perform'
Analysts at RBC Capital Markets downgraded upgraded industrial supplies company Diploma from 'underperform' to 'sector perform' on Tuesday, stating the stock's valuation was now "less stretched".
Deutsche Bank and JP Morgan lower their target prices for Rolls Royce
Analysts at Deutsche Bank and JP Morgan lowered their target prices for Rolls Royce following medium-term guidance from the aerospace engineer.
Credit Suisse downgrades Boohoo
Credit Suisse has downgraded Boohoo on growing headwinds, sending the shares in the fast fashion retailer lower.
RBC ups price target on Centrica
RBC Capital Markets has reiterated its ‘outperform’ rating on Centrica, as it upped its price target.
Berenberg downgrades Kainos to 'hold', slashes target price
Analysts at Berenberg downgraded software outfit Kainos from 'buy' to 'hold' on Monday, stating the firm was now "stuck in an awkward spot".
Stocks 'set to recover from here', JP Morgan says
Equities are likely to "recover from here" as long as a recession does not ensue, not least now that the Federal Reserve has reached "peak hawkishness", said strategists at J. P. Morgan.
BoA sees some 'good news' for those expecting a 'bear bounce' over next few weeks
Strategists at Bank of America saw signs of "good news" amid the carnage in crypto and in speculative technology for those investors holding out for a "bear bounce" during the following weeks.