Broker Recommendations
Berenberg downgrades Wood Group after outperformance
Berenberg downgraded Wood Group on Friday to ‘hold’ from ‘buy’ following recent outperformance, as it lifted its price target to 200p from 165p due to "the improved outlook", but said near-term risks are somewhat balanced.
UBS double upgrades Beazley to ‘buy’
UBS upgraded insurer Beazley on Friday to ‘buy’ from ‘sell’ and lifted the price target to 688p from 646p as it said the pullback in the stock has been too severe.
Berenberg hikes target price on Travis Perkins
Analysts at Berenberg hiked their target price on builders' merchant Travis Perkins from 890. 0p to 1,000. 0p on Friday but said "strong headwinds" still dominated.
Jefferies upgrades Spire Healthcare to 'buy'
Jefferies upgraded Spire Healthcare on Friday to ‘buy’ from ‘hold’ and lifted the price target to 250p from 240p, arguing that the market is underappreciating the company’s growth opportunity.
Canaccord Genuity nudges up price target on iGas Energy
Analysts at Canaccord Genuity slightly raised their target price on exploration and production company iGas Energy from 75. 0p to 80. 0p on Thursday as the group's focus on squeezing the most from conventional assets caught its eye.
Berenberg upgrades Tritax Big Box on valuation
Berenberg upgraded Tritax Big Box on Thursday to ‘buy’ from ‘hold’ on valuation grounds.
Jefferies downgrades CMC Markets to 'hold'
Jefferies has downgraded CMC Markets, after the online trading platform warned of a more challenging environment.
Berenberg lowers target price on Essentra
Over at Berenberg, analysts lowered their target price on hardware manufacturer Essentra from 295. 0p to 255. 0p on Wednesday but said it still sees a "significant medium-term opportunity".
Jefferies downgrades Digital 9 Infrastructure
Jefferies downgraded Digital 9 Infrastructure on Wednesday to ‘underperform’ from ‘hold’.
Deutsche Bank hikes target price on JD Wetherspoon
Analysts at Deutsche Bank hiked their target price on pub chain JD Wetherspoon from 640. 0p to 750. 0p on Wednesday, stating demand had been "reset".
Berenberg slightly lowers target price on Direct Line Insurance
Analysts at Berenberg slightly lowered their target price on insurer Direct Line from 159. 0p to 152. 0p on Tuesday, stating the group was "not deserving of a higher valuation".
RBC Capital lowers target price on CMC Markets
Over at RBC Capital Markets, analysts dropped their target price on financial services firm CMC Markets from 350. 0p to 310. 0p on Tuesday following the group's recent trading update.
JP Morgan reiterates Q1 likely to prove high-water mark for stocks
Equity strategists at J. P. Morgan reiterated their view that the first quarter was likely to mark the high water mark for equity prices in 2023.
Berenberg reiterates 'buy' rating on Tharisa
Analysts at Berenberg reiterated their 'buy' rating and 270. 0p target price on resource firm Tharisa on Monday after the group struck a fresh commodity offtake-based financing agreement.
Canaccord Genuity slashes target price on Anpario
Analysts at Canaccord Genuity slashed their target price on animal feed manufacturer Anpario from 580. 0p to 375. 0p on Friday following "a difficult year" for the stock.
Berenberg hikes target price on Centrica
Analyst at Berenberg hiked their target price on electric services company Centrica from 50. 0p to 110. 0p on Friday, stating the group's strong free cash flow yield had revived its dividend.
Berenberg lowers target price on Sabre
Over at Berenberg, analysts lowered their target price on insurer Sabre Insurance from 112. 0p to 93. 0p on Thursday, stating it was "still cautious" about the group's outlook.
Citi downgrades European banks; trims Stoxx 600, FTSE targets
Citi downgraded its stance on European banks on Thursday to ‘neutral’ from ‘overweight’ and cut its targets for the benchmark Stoxx 600 and FTSE 100 indices.
Deutsche Bank raises target price on BT
Analysts at Deutsche Bank raised their target price on telecommunications firm BT 140. 0p to 150. 0p on Thursday, stating taxes had pushed the "lucky" group's price target higher amid "major challenges".
Numis upgrades Bytes Technology, notes 'strong rebound' in 2H cash conversion
Analysts at Numis upgraded their recommendation for shares of Bytes Technology from 'add' to 'buy' after the software reseller guided towards full-year operating earnings ahead of their expectations.