Broker Recommendations
Jefferies ups Coca-Cola HBC to 'buy'
Jefferies upgraded Coca-Cola HBC to ‘buy’ from ‘hold’ on Friday and lifted the price target to 2,000p from 1,800p, as it said that although there is still no visibility on the endgame for Russia/Ukraine, it has more confidence in the underlying earnings prospects of the business.
Credit Suisse downgrades Drax on risk of lower gas prices, windfall taxes
Credit Suisse has downgraded Drax Group to ‘underperform’, on expectations that the power generator could face windfall taxes.
Berenberg lowers target price on Aveva
Analysts at Berenberg cut their target price on software firm Aveva from 3,550. 0p to 2,800. 0p on Friday but said they remained positive on the group's transition story.
Jefferies cuts Vodafone to 'hold', cites 'intractable headwinds'
Jefferies downgraded Vodafone on Friday to ‘hold’ from ‘buy’ and cut the price target to 125p from 150p as it pointed to "intractable headwinds".
Berenberg upgrades SSE to 'buy'
Analysts at Berenberg upgraded energy firm SSE from 'hold' to 'buy' on Thursday, stating they now see "a buying opportunity".
Citi upgrades Capco to 'buy'
Citi upgraded Capital & Counties on Thursday to ‘buy’ from ‘neutral’, although the rating change had nothing to do with the merger with Shaftesbury announced earlier in the week.
RBC Capital downgrades HomeServe, says investors should take profits
RBC Capital Markets downgraded HomeServe to ‘sector perform’ from ‘outperform’ on Thursday as it argued that investors should take some profits while they wait to see if a takeover bid from Canada’s Brookfield Asset Management emerges.
ShoreCap stays at 'buy' on HL, labels business 'fabulous'
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Hargreaves Lansdown, labelling it a "fabulous business" and highlighting the measures adopted to enhance its position through a new advice offering that was reducing outflows to advisers.
Goldman ups Watches of Switzerland to 'buy', shares surge
Watches of Switzerland surged on Wednesday after Goldman Sachs upgraded the shares to ‘buy’ from ‘neutral’.
RBC Capital upgrades Ashtead to ‘outperform’
RBC Capital Markets upgraded Ashtead on Wednesday to ‘outperform’ from ‘sector perform’, saying it sees the equipment rental company as a structural long-term beneficiary in the fragmented North American market, with optionality around international expansion.
Berenberg lowers target price on Avast
Analysts at Berenberg lowered their target price on software firm Avast from 680. 0p to 550. 0p on Wednesday but said they still think the group's fundamentals "remain sound".
Citi says shares may not have priced in a full-blown recession yet
The stock market may not have discounted a full-blown recession just yet, analysts at Citi said.
Barclays sees BAE Systems's order intake accelerating due to escalation in war
Analysts at Barclays reiterated their 'overweight' recommendation for shares of BAE Systems, predicting that the defence engineering firm's order intake would accelerate throughout 2022 due to the escalation of the conflict in Ukraine.
RBC Capital Markets lowers target price on Abcam
Analysts at RBC Capital Markets lowered their target price on protein research tools producer Abcam from 1,950. 0p to 1,700. 0p on Tuesday in order to better reflect share price movements at competitors.
Deutsche Bank cuts Direct Line to ‘hold’
Deutsche Bank downgraded Direct Line on Tuesday to ‘hold’ from ‘buy’ and cut the price target to 300p from 335p.
Berenberg upgrades IWG to 'buy', shares rally
Berenberg upgraded shares of serviced office provider IWG on Tuesday to ‘buy’ from ‘hold’ as it highlighted a "clear value opportunity".
Credit Suisse cuts Mondi price target on Russia exit
Credit Suisse cuts its price target on Mondi shares on Monday to 1,940p from 2,150p to reflect the paper and packaging group’s decision to divest its high-margin Russian operations.
Berenberg nudges up target price on Beazley
Analysts at Berenberg slightly raised their target price on insurer Beazley from 610. 0p to 630. 0p on Monday, citing better growth, better rates, and better profitability.
Barclays downgrades Rathbone Brothers to 'equalweight'
Barclays downgraded Rathbone Brothers on Monday to ‘equalweight’ from ‘overweight’, arguing that despite a robust medium-term outlook, flows are likely to remain subdued for the remainder of the year, given pressure on key asset classes.
Berenberg slightly lowers target price on Barratt Developments
Analysts at Berenberg slightly lowered their target price on construction firm Barratt Developments from 810. 0p to 790. 0p but said it saw "no signs of a slowdown".