Broker Recommendations
Liberum reiterates 'buy' rating on Superdry following 'phenomenal deal'
Analysts at Liberum reiterated their 'buy' rating and 500. 0p target price on clothing retailer Superdry following a "phenomenal deal" that it believes realises "great value" for shareholders.
Deutsche Bank lowers target price on Spirent Communications
Analysts at Deutsche Bank lowered their target price on telecommunications testing company Spirent from 250. 0p to 200. 0p on Wednesday, stating the group had experienced a "tough H1 in prospect" and that "a rapid recovery" into 2024 was unclear.
Berenberg lowers target price on Trustpilot
Analysts at Berenberg lowered their target price on review website operator Trustpilot from 180. 0p to 160. 0p on Tuesday but said it still expects to see positive underlying earnings and cash flow in 2023.
Canaccord Genuity lowers target price on Aptitude, says 'buy the dip'
Over at Canaccord Genuity, analysts lowered their target price on finance applications developer Aptitude Software Group from 670. 0p to 615. 0p on Tuesday but kept its 'buy' rating in place, stating it appeared to be time to "buy the dip".
Jefferies upgrades TI Fluid Systems on valuation
Jefferies upgraded TI Fluid Systems on Tuesday to ‘hold’ from ‘underperform’, mainly on valuation grounds, with the share price down around 20% since January.
Berenberg nudges up target price on Breedon
Analysts at Berenberg nudged up their target price on construction outfit Breedon from 80. 0p to 85. 0p on Monday, stating there was "plenty to play for".
UBS upgrades Glencore to ‘buy’ after recent selloff
UBS upgraded Glencore to ‘buy’ from ‘neutral’ on Monday as it said the risk/reward was now attractive after the recent selloff.
Berenberg reiterates 'buy' rating on Restore
Analysts at Berenberg reiterated their 'buy' rating on document management group Restore on Friday, stating recent defensive growth implied it would have a "better 2023".
Deutsche Bank upgrades GSK to 'buy'
Analysts at Deutsche Bank upgraded biopharmaceutical firm GSK from 'hold' to 'buy' on Friday as they updated estimates and made changes to their net present value assumptions.
Berenberg reiterates 'buy' rating on Genuit
Analysts at Berenberg reiterated their 'buy' rating on construction products firm Genuit on Thursday but acknowledged that the group was now "navigating a tough 2023".
Canaccord Genuity hikes target price on Clarkson
Analysts at Canaccord Genuity hiked their target price on shipping Clarkson from 4,040. 0p to 4,325. 0p on Thursday, citing cash-backed "quality" earnings per share.
Deutsche Bank lowers target price on IQE
Analyst at Deutsche Bank lowered their target price on semiconductor firm IQE from 60. 0p to 40. 0p on Wednesday, stating its second trading update this year pointed to an "awful" first half.
Berenberg upgrades Spirent Communications
Berenberg upgraded Spirent Communications on Wednesday to ‘buy’ from ‘hold’, citing a "great" entry point.
Jefferies starts Future at 'hold', cautious on outlook
Jefferies initiated coverage of media group Future on Wednesday at ‘hold’ with a 1,300p price target as it said it was cautious on the outlook.
Citi ups Rolls-Royce price target, cites 'clear route to much better cash flow'
Citi lifted its price target on Rolls-Royce on Tuesday to 255p as it cited "a clear route to much better cash flow".
S&P raises Rolls Royce long-term debt rating to BB with 'positive' outlook
Standard and Poor's raised its rating for Rolls Royce long-term debt with a positive outlook.
Berenberg raises target price on 'best-in-class operator' Flutter Entertainment
Analysts at Berenberg raised their target price on gaming outfit Flutter Entertainment from 13,800. 0p to 16,000. 0p on Tuesday as the group's US outperformance continues at pace.
Berenberg slightly raises target price on Coats Group
Analysts at Berenberg slightly raised their target price on thread manufacturer Coats Group from 90. 0p to 100. 0p on Monday after the group's recent results demonstrated "a strong performance".
'HSBC built for times like this', BofA says, stays at 'buy'
Analysts at Bank of America reiterated their 'buy' recommendation on shares of HSBC telling clients that the lender was "built for times like these".
JPMorgan upgrades Bunzl, hikes price target
JPMorgan Cazenove upgraded Bunzl on Monday to ‘overweight’ from ‘neutral’, lifted the price target to 3,375p from 3,250p and placed the shares on ‘positive catalyst watch’ into the first-quarter trading update on 26 April.