Broker Recommendations
Deutsche Bank start Dunelm at 'buy'
Deutsche Bank initiated coverage of homeware retailer Dunelm on Friday with a ‘buy’ rating and 1,313p price target, arguing that the recent de-rating is a buying opportunity.
Berenberg lowers target price on Persimmon
Analysts at Berenberg lowered their target price on construction outfit Persimmon from 1,600. 0p to 1,400. 0p on Friday following the group's first quarter trading update a day earlier.
Canaccord Genuity lowers target price on RWS
Analysts at Canaccord Genuity lowered their target price on technology firm RWS Holdings from 330. 0p to 265. 0p on Friday, stating the current macro environment was starting to "bite".
Canaccord Genuity lowers target price on Learning Technologies
Analysts at Canaccord Genuity lowered their target price on software firm Learning Technologies from 140. 0p to 120. 0p on Thursday, stating its macro strategists believe an already "challenging" macro environment could further deteriorate this year.
Deutsche Bank starts Ocado at ‘hold’, says risk/reward balanced
Deutsche Bank initiated coverage of Ocado on Thursday with a ‘hold’ rating and 550p price target as it said the risk/reward is currently balanced.
Berenberg raises target price on Reckitt
Analysts at Berenberg raised their target price on consumer goods company Reckitt Group from 7,575. 0p to 7,840. 0p on Thursday, stating the earnings upgrade cycle persists.
Jefferies downgrades Tesla to 'hold'
Jefferies has downgraded Tesla Motors from a 'buy' and trimmed its price target.
Deutsche Bank hikes target price on Whitbread following FY results
Analysts at Deutsche Bank hiked their target price on Premier Inn owner Whitbread from 3,530. 0p to 3,780. 0p on Wednesday after the group's full-year results came in ahead of expectations.
RBC Capital starts Melrose spinoff Dowlais at 'outperform'
RBC Capital Markets initiated coverage of Dowlais on Wednesday with an ‘outperform’ rating and a "potentially conservative" sum-of-the-parts based 180p price target.
Canaccord Genuity hits Corero Network Security with 'speculative buy' rating
Analysts at Canaccord Genuity issued security systems services firm Corero Network Security with a 'speculative buy' rating and 10. 0p target price on Tuesday after placing the stock under review.
Berenberg drops target price on Liontrust Asset Management
Analysts at Berenberg dropped their target price on asset manager Liontrust from 1,100. 0p to 950. 0p on Tuesday as it said the group was "continuing to weather a challenging market".
Liberum lifts Asos price target, maintains 'sell' rating
Liberum lifted its price target on Asos on Tuesday to 700p from 500p and maintained its ‘sell’ rating as it sees "significant" risks in the strategy outlined by the group to improve profitability and remains unconvinced it will be able to fully deliver on those promises.
JP Morgan says to use strength in shares on Q1 results to reduce positions
Equity strategists at J. P. Morgan recommended that clients use any strength in equities in the wake of the first quarter results season to reduce positions.
Citi resumes coverage of Melrose with a 'buy'
Citi has resumed coverage of Melrose Industries with a ‘buy’ rating, in a note published on Monday.
Deutsche Bank hikes target price on Prudential
Analysts at Deutsche Bank raised their target price on insurance firm Prudential from 1,460. 0p to 1,550. 0p on Monday, stating the stock's current price did not reflect a number of key points.
Canaccord Genuity slightly lowers target price on Southern Energy
Analysts at Canaccord Genuity lowered their target price on exploration and production firm Southern Energy from 90. 0p to 85. 0p on Monday but said the group looked "set for growth" as US gas prices improve.
Jefferies downgrades Network International to ‘hold’
Jefferies downgraded payments firm Network International on Monday to ‘hold’ from ‘buy’ and lifted the price target to 400p from 360p as it said that a second non-binding bid by private equity makes a take private more likely.
BofA says Stoxx 600 may fall 20% by early Q4
Equity strategists at Bank of America reiterated their 'negative' view on European stocks, predicting that the Stoxx 600 was set to tumble.
Berenberg reiterates 'buy' rating on Rio Tinto
Analysts at Berenberg reiterated their 'buy' rating on mining giant Rio Tinto on Friday after the group delivered a "fairly stable" first-quarter performance.
Cap10's 125p a share offer for Sureserve 'looks cheap', says Peel Hunt
French private equity firm Cap10’s £214. 1m offer for social housing energy services provider Sureserve "looks cheap" but is likely to succeed, Peel Hunt said on Friday.