Broker Recommendations
Deutsche Bank lowers target price on Asos
Analysts at Deutsche Bank lowered their target price on fast fashion retailer Asos from 900. 0p to 800. 0p on Thursday but said the group looks to have "sufficient debt headroom" to cope with its recent "painful dose of reality".
Liberum cuts Asos rating to 'sell'
Liberum has cut its recommendation on Asos to ‘sell’, after full-year results disappointed.
Deutsche Bank upgrades B&M to 'hold', lowers target price
Analysts at Deutsche Bank lowered their target price on retailer B&M from 480. 0p to 395. 0p on Wednesday but upgraded the stock to 'hold', stating the group was "always discount" but also "increasingly value".
Berenberg lowers target price on Kistos
Analysts at Berenberg lowered their target price on energy company Kistos from 730. 0p to 670. 0p on Wednesday but said the stock was still "a cheap buy".
RBC Capital upgrades Frasers Group to 'sector perform'
RBC Capital Markets upgraded Frasers Group on Wednesday to ‘sector perform’ form ‘underperform’.
Canaccord Genuity lowers target price on 888 Holdings
Analysts at Canaccord Genuity lowered their target price on bookmaker 888 Holdings from 430. 0p to 355. 0p on Tuesday following the group's third-quarter trading update.
Berenberg slashes target price on XP Power
Analysts at Berenberg slashed their target price on power supply manufacturer XP Power from 4,020. 0p to 2,080. 0p on Tuesday, despite the group's "strong" Q3 trading update on 11 October.
Barclays closes out 'underweight' on FTSE 250, domestic medium-cap stocks
Analysts at Barclays Research closed their 'underweight' recommendation on the FTSE 250 and medium-capitalisation/domestic stocks, arguing that the then current valuation multiples offered "good" risk-reward.
RBC Capital Markets lowers target price on Rathbones Group
Analysts at RBC Capital Markets lowered their target price on investment manager Rathbones Group from 2,100. 0p to 1,950. 0p on Monday as it updated its model on the firm ahead of its third-quarter trading statement.
Berenberg slightly lowers target price on Sabre Insurance
Analysts at Berenberg slightly lowered their target price on car insurer Sabre Insurance from 123. 0p to 119. 0p on Monday, stating the group's strategy was "consistent" but telematics still posed a risk.
Berenberg upgrades Hilton Food to 'buy'
Analysts at Berenberg upgraded food packaging business Hilton Food from 'hold' to 'buy' on Friday but cut their target price on the stock from 1,200. 0p to 850. 0p.
Deutsche Bank downgrades Boohoo to 'hold', slashes target price
Analysts at Deutsche Bank downgraded online retailer Boohoo from 'buy' to 'hold' on Friday, stating its view that online sales would return to structural growth after one year of post-Covid normalisation had been proven wrong.
J.P. Morgan bullish on Energy, says Q3 favours Shell over BP
Analysts at J. P. Morgan reiterated their 'bullish' stance for Energy equities, highlighting the expected "pivotal" role that European Union oil majors would play in solving energy security.
RBC Capital starts coverage of Unite Group at 'outperform'
RBC Capital Markets started coverage of Unite Group on Thursday with an ‘outperform’ rating and 1,025p price target.
Credit Suisse stays at 'outperform' on Diageo, sees upside to US and APAC ops
Analysts at Credit Suisse reiterated their 'outperform' recommendation for shares of Diageo, telling clients that they spied "upside risks" to the spirits-maker's US and Asia Pacific businesses.
Jefferies downgrades Tullow Oil, slashes price target
Jefferies downgraded Tullow Oil on Wednesday to ‘hold’ from ‘buy’ and cut the price target to 48p from 77p.
Berenberg downgrades Restaurant Group, cites lack of positive catalysts
Berenberg downgraded Restaurant Group on Wednesday to ‘hold’ from ‘buy’ and slashed the price target to 35p from 65p, sending shares in the Wagamama owner tumbling.
Canaccord Genuity initiates coverage on CleanTech Lithium at 'speculative buy'
Analysts at Canaccord Genuity initiated coverage on AIM-listed lithium exploration and development company CleanTech Lithium on Tuesday with a 'speculative buy' rating and a 290. 0p target price.
Berenberg cuts target price on Marshalls
Analysts at Berenberg lowered their target price on construction outfit Marshalls from 380. 0p to 280. 0p on Tuesday and said further risks remained.
Berenberg lowers target price on Vodafone
Analysts at Berenberg lowered their target price on shares of telecommunications giant Vodafone from £1. 35 to £1. 15 on Monday, stating the group was at risk of slipping into European decline.