Broker Recommendations
Berenberg lowers target price on Close Brothers
Analysts at Berenberg lowered their target price on financial services company Close Brothers from 1,200. 0p to 1,150. 0p on Thursday but said the group was "closing issues and opening pipelines".
HSBC upgrades housebuilders, says market downturn more than priced in
HSBC upgraded its stance on a host of housebuilders on Thursday as it argued that a downturn in the housing market and tepid recovery in return on invested capital are more than priced in to the shares.
Citi says WPP shares 'overly cheap', stays at 'buy'
Analysts at Citi reiterated their 'buy' recommendation for shares of WPP, citing the easier comparables that the advertising group was facing for throughout the year.
Canaccord Genuity lowers target price on Zegona Communications
Analysts at Canaccord Genuity slashed their target price on telecommunications investor Zegona Communications from 130. 0p to 80. 0p on Wednesday as it said the group was "gearing up for the next deal".
Canaccord Genuity slightly lowers target price on Vaalco
Analysts at Canaccord Genuity slightly lowered their target price on energy company Vaalco from 715. 0p to 700. 0p on Tuesday as it made "a number of small adjustments" to its model.
J.P. Morgan says recent run in technology shares 'becoming stretched'
Analysts at J. P. Morgan cautioned clients on Tuesday that the recent run in the Technology space was becoming "stretched" in absolute terms.
Citi upgrades Tui to 'neutral' from 'sell'
Citi upgraded Tui to ‘neutral’ (high risk) from ‘sell’ (high risk) as it updated its model to reflect the rights issue, which taken with the lower share price since its last update, drives higher-than-expected dilution.
Berenberg slightly lowers target price on CLS Holdings
Analysts at Berenberg slightly lowered their target price on property investment company CLS Holdings from 205. 0p to 190. 0p on Thursday, stating it was taking "a conservative view" on future valuation impacts and occupancy.
Shore Capital downgrades Fulham Shore to 'hold' following Toridoll bid
Analysts at Shore Capital Markets downgraded Franco Manca owner Fulham Shore from 'buy' to 'hold' on Wednesday after the group received an all-cash offer from Japanese conglomerate Toridoll.
Berenberg nudges up target price on Ten Entertainment
Analysts at Berenberg raised their target price on ten-pin bowling centres operator Ten Entertainment from 350. 0p to 380. 0p on Wednesday, stating the group was "rolling along nicely".
Direct Line surges on Citi upgrade to ‘buy’
Direct Line surged on Wednesday after a double upgrade to ‘buy’ from ‘sell’ at Citi, which said that its industry channel checks give it more confidence on 2023 motor earnings.
Citi resumes coverage of Vodafone at 'neutral'
Citi resumed coverage of Vodafone on Tuesday after a period of restriction, with a ‘neutral’ rating.
Liberum slightly lowers target price on Drax
Analysts at Liberum lowered their target price on power generation business Drax from 952. 0p to 940. 0p on Tuesday but stated its bioenergy with carbon capture and storage (BECCS) proposition remained "strong".
Peel Hunt stays at 'buy' on Renewi, highlights net debt reduction
Analysts at Peel Hunt reiterated their 'buy' recommendation for shares of Renewi following the company's pre-close trading update, noting how net debt continued to reduce.
Deutsche Bank cuts price target on Reckitt Benckiser
Analysts at Deutsche Bank lowered their target price on multinational consumer goods company Reckitt Benckiser from 6,500. 0p to 6,250. 0p on Monday.
Berenberg lowers target price on Admiral
Analysts at Berenberg lowered their target price on insurance firm Admiral Group from 2,688. 0p to 2,543. 0p on Monday but stated its defensive model equalled a "premium valuation".