Broker Recommendations
Berenberg lowers target price on Secure Trust
Analysts at Berenberg lowered their target price on retail and commercial bank Secure Trust from 1,820. 0p to 1,420. 0p on Friday as the group continues to navigate current conditions.
UBS downgrades Crest Nicholson to ‘sell’
UBS downgraded housebuilder Crest Nicholson on Friday to ‘sell’ from ‘neutral’ as it pointed to unfavourable risk/reward.
Jefferies downgrades Hargreaves Lansdown to 'underperform'
Analysts at Jefferies downgraded financial services group Hargreaves Lansdown from 'hold' to 'underperform' on Friday, stating rival Vanguard was rapidly approaching.
BofA ML upgrades Asos, Boohoo to 'buy'
Bank of America Merrill Lynch upgraded Boohoo and Asos on Friday as it took a look at European online retail.
UBS downgrades Fresnillo to 'sell'
UBS downgraded precious metals miner Fresnillo on Thursday to ‘sell’ from ‘neutral’ and cut the price target to 850p from 900p.
Jefferies stays at 'buy' on Antofagasta
Analysts at Jefferies took a fresh look at mining group Antofagasta on Thursday after the group's fourth-quarter production and costs met its most recently revised guidance.
Goldman Sachs upgrades WPP to ‘buy’
Goldman Sachs upgraded WPP on Thursday to ‘buy’ from ‘neutral’ and hiked the price target to 1,158p from 920p as it expects the shares to outperform this year as several headwinds begin to unwind/ease.
Berenberg lowers target price on DFS Furniture
Analysts at Berenberg lowered their target price on soft furnishings retailer DFS Furniture from 280. 0p to 195. 0p on Thursday but said the group still had "bouncebackability".
Canaccord slightly lowers target price on Genel Energy
Analysts at Canaccord Genuity slightly lowered their target price on oil company Genel Energy from 180. 0p to 170. 0p on Wednesday following the group's trading update.
Berenberg raises target price on Kenmare Resources
Analysts at Berenberg raised their target price on mining firm Kenmare Resources from 710. 0p to 780. 0p on Wednesday following a "stable" end to the year.
Investors remain 'bearish', BofA fund manager survey shows
Humans remained bearish albeit a lot less so than in the last quarter of 2022, BofA's global fund manager survey for January showed.
RBC slashes target on ITM Power, says capacity expansion and commercial credibility key
Analysts at RBC slashed their target price for shares of ITM Power, the energy storage and clean fuel company, from 500. 0p to 260. 0p.
JPMorgan downgrades Quilter, puts stock on 'negative catalyst watch'
JPMorgan Cazenove downgraded Quilter on Tuesday to ‘underweight’ from ‘neutral’ and cut the price target to 74p from 83p, placing the stock on ‘negative catalyst watch’.
Berenberg lowers target price on 888 Holdings
Analysts at Berenberg slashed their target price on bookmaker 888 Holdings from 320. 0p to 220. 0p on Tuesday, stating interest costs remained "a burden".
Jefferies upgrades Man Group, downgrades abrdn
Analysts at Jefferies upgraded investment manager Man Group from 'hold' to 'buy' on Monday but lowered abrdn from 'buy' to 'hold' as it took a fresh look at the UK sector.
European equity market rally to start fading, says JPMorgan
JPMorgan Cazenove said in an equity strategy note on Monday that the current rally in European equity markets will likely start fading as we move through the first quarter.
Canaccord Genuity raises target price on Ashtead Technology
Analysts at Canaccord Genuity raised their target price on underwater technologies and support services group Ashtead Technology from 375. 0p to 400. 0p on Monday following the firm's "strong close" to 2022.
RBC Capital Markets downgrade Rotork to 'sector perform'
Analysts at RBC Capital Markets downgraded industrial valve manufacturer Rotork from 'outperform' to 'sector perform' on Monday, citing "reduced upside".
Jefferies raises target price on Whitbread
Analysts at Jefferies raised their target price on hotel operator Whitbread from £30 per share to £35 following what it called "a premier quarter".
Berenberg resumes coverage on Pendragon at 'buy'
Analysts at Berenberg resumed coverage on used car dealers Pendragon at 'buy' on Friday after suspending its coverage on the stock back in September, stating the firm was now "back to business".