Broker Recommendations
Liberum raises upside case target price for Centamin on projected savings
Analysts at Liberum raised their upside case target price for shares of Centamin to reflect the saving that could accrue from its 'in-house' underground mining, solar generation and grid electricity.
Time to revisit WH Smith, says Berenberg
WH Smith was the standout gainer on the FTSE 250 on Wednesday as Berenberg encouraged investors to "revisit the story" ahead of its trading update next week, given the company's defensive growth profile and limited exposure to cost inflation.
Berenberg reiterates 'buy' on Bango after DOCOMO Digital acquisition
Analysts at Berenberg kept their recommendation for payments technology outfit Bango at 'buy' following its acquisition of rival NTT DOCOMO.
Davy upgrades Made.com to 'outperform', shares rally
Shares of Made. com rallied on Tuesday after Davy upgraded its stance on the furniture retailer to ‘outperform’, citing sale potential.
ShoreCap stays at 'buy' on Bunzl, says prospects look assured
Analysts at ShoreCap stood by their 'buy' recommendation on shares of Bunzl, pointing out the company's revised guidance for margins.
Citi puts GSK on 'positive catalyst watch', cites Zantac litigation developments
Citigroup put pharmaceuticals company GlaxoSmithKline on "positive catalyst watch" on Friday as it pointed to legal developments related to the company’s now-discontinued Zantac heartburn drug.
Deutsche Bank downgrades Europe stocks to 'neutral', point to slowing growth in China and Europe
Equity strategists at Deutsche Bank downgraded their view on European equities to 'neutral' after the Euro Stoxx 50 moved slightly above their year-end 2022 target of 3,640.
Berenberg cuts 888 price target, reiterates ‘buy’ rating
Berenberg cut its price target on 888 Holdings on Friday to 320p from 370p as it reduced estimates following weaker-than-expected revenue guidance, but reiterated its ‘buy’ rating on the shares.
JPM downgrades IHG to ‘neutral’, reiterates ‘overweight’ on Whitbread
JPMorgan Cazenove downgraded InterContinental Hotels Group on Friday but reiterated its ‘overweight’ rating on Premier Inn owner Whitbread as it took a look at EU hotels.
ShoreCap stays at 'buy' for Astra Zeneca, citing prospects for earnings and sales growth, pipeline
Analysts at ShoreCap doubled down on their recent reinitiation of coverage on AstraZeneca with a 'buy' recommendation, citing growth and pipeline prospects.
Berenberg downgrades Biffa to 'hold'
Berenberg downgraded Biffa to ‘hold’ from ‘buy’ on Thursday and cut the price target to 415p from 465p as it updated its forecasts ahead of the latest ‘put up or shut up’ (PUSU) bid deadline on 30 August, and following the recent full-year results.
JP Morgan names Hargreaves Lansdown 'key' underweight
Analysts at JP Morgan reiterated their underweight stance on Hargreaves Lansdown due to the combination of their forecasts for a drop in UK gross domestic product in 2023, alongside "elevated" inflation and the rise in overall living costs, amongst other factors.
ShoreCap stays at 'buy for Bunzl ahead of 1H results
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Bunzl ahead of the value added distributor's first half results.
Panmure cuts Halfords to 'hold', shares tank
Halfords shares tanked on Tuesday after Panmure Gordon downgraded the stock to ‘hold’ from ‘buy’ and slashed the price target to 150p from 300p.
Berenberg still expecting 200m gbp of annual cashflow from IWG over medium-term
Analysts at Berenberg slashed their target price for shares of IWG, conceding that the three pillars of its investment thesis might take longer to play out.
Citi downgrades Experian on concerns around falling housing transaction volumes
Analysts at Citi downgraded their recommendation for shares of Experian to 'neutral' due to their "cyclical" concerns around its North American business-to-business unit.
Liberum downgrades Joules on deteriorating outlook for consumer spend
Liberum downgraded its recommendation for retail and homeware retailer Joules on the back of a deteriorating outlook for consumer spend.
BofA strategists sound bearish note on stocks, say Fed 'nowhere near done'
BofA Securities strategists sounded a 'bearish' note on the outlook for equity markets arguing that the US central bank was not done and enumerating a list of reasons to back up their thinking.
JP Morgan stays 'overweight' on Petrofac, says bid pipeline 'growing and accelerating'
Analysts at JP Morgan reiterated their 'overweight' recommendation for shares of Petrofac following a meeting with the oilfield services outfit's management during the preceding week.
Jefferies upgrades AO World to 'buy' after results
Jefferies upgraded AO World on Thursday to ‘buy’ from ‘hold’ after the online electricals retailer’s full-year results, and lifted the price target.