Broker Recommendations
Citi reiterates 'buy' rating on four UK bank stocks
Citi reiterated its ‘buy’ rating on Lloyds, NatWest, Barclays and Virgin Money on Friday.
Quite a lot riding on a 'soft' US non-farm payrolls report, BofA says
Unless the US non-farm payrolls report for February came in "soft", then the "bad crashy vibes" of March were set to worsen, strategists at Bank of America.
Numis ups price target on Informa
Numis has increased its target price on Informa, after the media group announced it was acquiring events organiser Tarsus in a $940m deal.
Jefferies raises target price on Volution
Analysts at Jefferies raised their target price on ventilation products supplier Volution Group from 470. 0p to 490. 0p on Friday, stating activity was continuing to flow.
Numis cuts price target for IQE
Numis has cut its price target on IQE, after the tech firm issued its second profits warning this year.
Credit Suisse downgrades Schroders to 'neutral'
Credit Suisse downgraded Schroders on Friday to ‘neutral’ from ‘outperform’ and slashed the price target to 470p from 510p, citing flow headwinds and cost inflation.
Berenberg hikes target price on Hiscox following 'strong' end to trading year
Analysts at Berenberg raised their target price on insurer Hiscox from 1,015. 0p to 1,285. 0p on Thursday, citing a "strong finish to a turbulent year".
Liberum cuts National Express to ‘sell’ on leverage woes
Liberum downgraded National Express on Thursday to ‘sell’ from ‘hold’ and cut the price target to 115p from 155p as it said leverage remains its key concern.
Wedbush lifts Apple price target
Wedbush lifted its price target on Apple on Wednesday to $190 from $180 to reflect positive Asia checks on iPhone demand so far this quarter, keeping the shares at ‘outperform’ and on the ‘Best Idea List’.
UBS upgrades Rolls-Royce to 'buy'
UBS upgraded Rolls-Royce to ‘buy’ from ‘neutral’ and nearly doubled the price target to 200p from 105p as it said the shares were "abnormally cheap" despite China reopening.
Jefferies downgrades Wood Group to 'hold'
Analysts at Berenberg downgraded engineering services firm Wood Group from 'buy' to 'hold' on Wednesday following a fourth cash offer for the company.
BofA Merrill Lynch upgrades Melrose to 'buy'
Bank of America Merrill Lynch upgraded Melrose on Tuesday to ‘buy’ from ‘neutral’ and lifted the price target to 181p from 160p.
Berenberg downgrades Rathbones to 'hold'
Berenberg downgraded Rathbones Brothers on Tuesday to ‘hold’ from ‘buy’ and cut the price target to 2,200p from 2,400p as it said it sees better risk/reward elsewhere in the sector, at companies such as IntegraFin, Petershill Partners and Investec.
Canaccord Genuity slashes target price on Saietta
Analysts at Canaccord Genuity slashed their target price on engineering firm Saietta from 285. 0p to 120. 0p on Tuesday following the group's operational and trading update earlier in the day.
Berenberg raises target price on Spectris
Analysts at Berenberg raised their target price on instrumentation company Spectris from 3,470. 0p to 3,780. 0p on Monday, stating the group's upgraded outlook provided "near-term visibility".
RBC Capital upgrades B&M to ‘outperform’
RBC Capital Markets upgraded B&M European Value Retail on Monday to ‘outperform’ from ‘sector perform’ and hiked the price target to 550p from 460p, citing an undemanding valuation versus peers, among other things.
Jefferies upgrades Tesco, Kingfisher
Jefferies has upgraded Tesco and Kingfisher, as part of a wider review of its UK retailer ratings.
Jefferies upgrades PPHE, cites ‘valuation disconnect’
Jefferies upgraded PPHE Hotel Group on Friday to ‘buy’ from ‘hold’ and lifted the price target to 1,600p from 1,300p as it pointed to a valuation disconnect.
Canaccord Genuity reinstates coverage on Windward
Analysts at Canaccord Genuity slapped artificial intelligence firm Windward with a 'buy' rating and 115. 0p target price on Friday after having previously placed the stock under review.
Berenberg downgrades Hunting to ‘hold’
Berenberg downgraded Hunting on Friday to ‘hold’ from ‘buy’ as it said the risk/reward is less attractive after a strong share price performance.