Broker Recommendations
Berenberg lowers target price on Chemring
Analysts at Berenberg lowered their target price on aerospace and defence group Chemring from 420. 0p to 380. 0p but said the firm was "well-positioned" for 2023.
Berenberg slightly raises target price on Synthomer
Analysts at Berenberg slightly raised their target price on chemicals firm Synthomer from 160. 0p to 170. 0p on Wednesday as it said 2023 should bring an end to the stock's downgrade cycle and some much-appreciated balance-sheet relief.
UBS downgrades Sage to 'sell'
UBS downgraded software firm Sage to ‘sell’ from ‘neutral’ on Tuesday and cut the price target to 720p from 745p as it argued that margin pressures were set to persist.
Jefferies starts Ithaca Energy at ‘buy’
Jefferies initiated coverage of Ithaca Energy on Tuesday with a ‘buy’ rating and 245p price target.
Berenberg lowers target price on Derwent London
Analysts at Berenberg lowered their target price on property investment and development business Derwent London from 2,800. 0p to 2,450. 0p on Tuesday, stating the group was "not immune" from market movements.
Berenberg keeps Jubilee Metals at 'buy' following 'encouraging' update
Analysts at Berenberg took a fresh look at processing and recovery company Jubilee Metals on Monday after the group issued an "encouraging" update on its Zambian operations and named its new chief financial officer.
Deutsche Bank slightly lowers target price on 888 Holdings
Analysts at Deutsche Bank slightly lowered their target price on gambling giant 888 Holdings from 160. 0p to 150. 0p on Monday after the group's recent Capital Market's Day "did as expected".
Canaccord Genuity nudges up target price on Hunting
Analysts at Canaccord Genuity raised their target price on energy services company Hunting from 350. 0p to 375. 0p on Friday following "another strong update" from the group.
Berenberg raises target price on AB Dynamics
Analysts at Berenberg hiked their target price on simulation and testing outfit AB Dynamics from 1,530. 0p to 1,800. 0p on Friday after the group's full-year results pointed to strong organic revenue and profit growth.
Numis downgrades Bodycote to ‘hold’ from ‘buy’
Numis downgraded Bodycote to ‘hold’ from ‘buy’ on Friday and slashed the price target to 610p from 800p as it said weaker growth prospects were tempering the margin outlook.
Berenberg reiterates 'buy' rating on RWS Holdings
Analysts at Berenberg reiterated their 'buy' rating and 500. 0p target price on RWS Holdings on Thursday following the intellectual property group's in line full-year results.
Barclays upgrades Victorian Plumbing to ‘overweight’
Barclays upgraded Victorian Plumbing on Thursday to ‘overweight’ from ‘equalweight’ and lifted the price target to 100p from 75p, citing gross margin upside potential and an improving track record.
Deutsche Bank lowers target price on Diageo
Analysts at Deutsche Bank lowered their target price on drinks maker Diageo from 3,350. 0p to 3,160. 0p on Wednesday as they adjusted their numbers on the stock ahead of its first-half results on 26 January.
Liberum downgrades Travis Perkins to 'hold'
Liberum downgraded Travis Perkins to ‘hold’ from ‘buy’ on Wednesday, as it took "a more selective stance".
JPMorgan downgrades Taylor Wimpey, Redrow
JPMorgan Cazenove downgraded Taylor Wimpey and Redrow on Wednesday as it took a look at housebuilders.
JPMorgan downgrades Rio Tinto
JPMorgan has downgraded Rio Tinto to ‘underweight’ following a review of European mining stocks.
JP Morgan bullish on aerospace but not on Rolls-Royce
Analysts at JP Morgan sounded a bullish note on the outlook for the European civilian aerospace and defence sectors, but with the notable exception of Rolls Royce.
Jefferies starts Wise at 'hold', Network International at 'buy'
Jefferies assumed coverage of the payments & fintech sector on Tuesday, initiating coverage of Wise at ‘hold’ with a 624p price target.
Canaccord Genuity lowers target price on Moonpig
Analysts at Canaccord Genuity lowered their target price on greetings cards business Moonpig from 232. 0p to 205. 0p on Tuesday but said the group had "proven its resilience" despite recent macro concerns.
Berenberg lowers target price on Tritax EuroBox
Analysts at Berenberg lowered their target price on property company Tritax EuroBox from 100. 0p to 80. 0p on Tuesday following the group's full-year results.