Broker Recommendations
Citi downgrades ITM Power to 'neutral'
Citigroup downgraded ITM Power on Tuesday to ‘neutral/high risk' from ‘buy/high risk’ as it took a look at European electrical equipment.
Berenberg starts Babcock at 'buy', shares surge
Babcock surged on Tuesday after Berenberg initiated coverage of the stock at ‘buy’ with a 425p price target, saying it was an "unanchored value proposition".
JP Morgan sees likely peak in yields, China reopening and poor sentiment supporting stocks
JP Morgan equity strategists sounded a positive note on the outlook for global equities, arguing that "extremely bearish investor sentiment and light positioning" would offer support.
RBC Capital raises target price on Lancashire Holdings
Analysts at RBC Capital Markets raised their target price on insurance and reinsurance firm Lancashire Holdings from 550. 0p to 600. 0p on Monday following a year-to-date trading update from the group.
JPMorgan downgrades RS Group after H1 results
JPMorgan Cazenove downgraded RS Group on Monday to ‘underweight’ from ‘neutral’ and cut the price target 820p from 1,050p following the company’s first-half results last week.
Berenberg lowers target price on 'resilient' St James's Place
Analysts at Berenberg lowered their target price on wealth manager St James's Place from 1,500. 0p to 1,365. 0p on Monday but remained positive on the group as a whole.
Berenberg lowers target price on WPP
Analysts at Berenberg lowered their target price on media giant WPP from 915. 0p to 864. 0p on Friday after the group's Q3 growth was "softer than the whisper".
Numis starts coverage of Darktrace at 'buy'
Numis initiated coverage of Darktrace on Friday with a ‘buy’ rating and 520p price target.
Deutsche Bank lowers target price on TI Fluid Systems
Analysts at Deutsche Bank lowered their target price on manufacturer TI Fluid Systems from 180. 0p to 220. 0p on Friday following a "slight miss" on Q3 earnings and guidance that came in below market expectations.
Deutsche Banks lowers target price on Aston Martin following profit warning
Analysts at Deutsche Bank lowered their target price on Aston Martin Lagonda from 180. 0p to 145. 0p on Thursday following the group's recent profit warning.
Berenberg raises target price on Hiscox
Analysts at Berenberg slightly raised their target price on insurer Hiscox from 990. 0p to 1,015. 0p on Thursday, after clarity on Hurricane Ian losses and rising yields lifted shares.
Liberum downgrades Boohoo to 'sell', shares tumble
Fast fashion retailer Boohoo was under the cosh on Wednesday after Liberum cut the stock to ‘sell’ from ‘hold’ as it pointed to "a hard slog from here with much to do".
Berenberg lowers target price on Softcat
Analysts at Berenberg lowered their target price on software firm Softcat from 1,900. 0p to 1,500. 0p on Wednesday but said nuances still made the stock "a winner".
JPMorgan downgrades Ocado, says CFC pipeline rollout will remain slow
JPMorgan Cazenove downgraded its stance on Ocado on Wednesday to ‘underweight’ from ‘neutral’ as it argued that the customer fulfilment centre (CFC) pipeline rollout was likely to remain slow.
UBS upgrades Auto Trader to 'buy', shares rally
Auto Trader rallied on Tuesday as UBS upgraded the shares to ‘buy’ from ‘neutral’, arguing that the risk/reward has become attractive going into the first-half results.
Berenberg lowers target on 'mispriced' Next Fifteen
Analysts at Berenberg lowered their target price on technology and data-driven growth consultancy Next Fifteen from 1,700. 0p to 1,450. 0p on Tuesday, calling it "a mispriced share".
Canaccord Genuity initiates coverage on Deltic Energy at 'speculative buy'
Analysts at Canaccord Genuity initiated coverage on exploration and production outfit Deltic Energy with a 12. 5p target price and a 'speculative buy' rating on Tuesday, primarily due to the group's two-well UK gas exploration programme.