Broker Recommendations
Jefferies starts Balfour Beatty at 'buy'
Jefferies initiated coverage of Balfour Beatty on Monday with a ‘buy’ rating and 375p price target, arguing that the market is underappreciating improved security of earnings and the infrastructure group’s transformation towards a lower risk model.
RBC Capital upgrades Moneysupermarket, shares surge
RBC Capital Markets upgraded Moneysupermarket on Monday to ‘outperform’ from ‘sector perform’ and lifted the price target to 250p from 230p, as it argued that the 20% de-rating since August presents a good entry point.
J.P.Morgan bumps up target price for BAE Systems, cites multiple positives
Analysts at J. P. Morgan upgraded their recommendation for shares of BAE Systems on expectations for a stronger US dollar and a reduction in the UK corporate tax rate.
Citi starts Bytes Technology at ‘neutral’
Citi initiated coverage of Bytes Technology on Friday with a ‘neutral’ rating and 425p price target.
Liberum upgrades Ashtead to 'buy', hikes price target
Liberum upgraded equipment rental firm Ashtead on Friday to ‘buy’ from ‘hold’ and hiked the price target to 4,900p from 3,800p, "as government programmes kick in".
Canaccord downgrades RWS, slashes target on exposure to Big Tech, global recession
Analysts at Canaccord Genuity downgraded their recommendation for shares of RWS Holdings from 'buy' to 'hold' given a potential drop in organic revenues in fiscal year 2023.
Credit Suisse reiterates negative view of UK food retail
Credit Suisse warned there was "no relief in sight" for grocers on Thursday, as it reiterated its negative view on the UK food retail sector.
BofA stays at 'buy' on Imperial Brands, says 'significant value' can be unlocked
Analysts at BofA Securities maintained their 'buy' recommendation for shares of Imperial Brands following the tobacco giant's "supportive" pre-close trading update.
Berenberg downgrades Anglo American on poor operational delivery, economic headwinds
Analysts at Berenberg downgraded their recommendation for shares of Anglo American, citing "poor operational delivery" and macroeconomic headwinds.
Barclays stays at 'equalweight' on Babcock, sees multiple drivers of underperformance YTD
Analysts at Barclays reiterated their 'equalweight' recommendation on shares of aerospace, defence and nuclear engineer Babcock, but trimmed their target price to 325. 0p on lower free cash flow.
Deutsche Bank lowers target price on Next
Analysts at Deutsche Bank lowered their target price on clothing and home products retailer Next from 6,200. 0p to 5,700. 0p on Wednesday.
Berenberg starts Dechra at ‘hold’, highlights ‘plenty of pet-ential’
Berenberg initiated coverage of veterinary pharmaceuticals group Dechra Pharmaceuticals with a ‘hold’ rating and 2,850p price target, saying it has "plenty of pet-ential".
Numis reiterates 'top pick' on Intermediate Capital
Numis reiterated its ‘top pick’ on Intermediate Capital Group on Tuesday, arguing that as one of the leaders in its various niches in the market and provided performance is maintained, its funds will remain sought after.
UK utilities could be at risk from windfall tax U-turn, says Citi
Citi said in a note on Tuesday that the UK government could do a U-turn on a potential windfall tax for power generators.
RBC Capital upgrades Pennon, Severn Trent to ‘outperform’
RBC Capital Markets upgraded both Pennon and Severn Trent on Tuesday to ‘outperform’ from ‘sector perform’.
Numis highlights 'resilience' of St.James's Place's business model, keeps as 'top pick'
Analysts at Numis reiterated their 'top pick' recommendation for shares of St. James's Place, emphasising the resilience of the business model to the full range of market scenarios.
Berenberg initiates coverage on Hikma Pharmaceuticals at 'hold'
Analysts at Berenberg initiated coverage on drugmaker Hikma Pharmaceuticals at 'hold' on Tuesday, stating it was "waiting for the tide to turn".
Jefferies upgrades Hargreaves Lansdown, AJ Bell
Jefferies upgraded its stance on AJ Bell and Hargreaves Lansdown on Tuesday to ‘hold’ from ‘underperform’.
Deutsche Bank lowers target price on 888 Holdings and Flutter
Analysts at Deutsche Bank lowered their target prices on bookmakers 888 Holdings and Flutter on Monday as it looked at the impact of a longer than initially expected high interest rate cycle on the European leisure sector.
Canaccord Genuity reiterates 'buy' rating on Oxford Metrics
Analysts at Canaccord Genuity reiterated their 'buy' rating on software and services group Oxford Metrics, stating it thinks current disruptions will likely be short-term in nature.