Broker Recommendations
Citi cuts Asos price target, upgrades to 'buy'
Citi upgraded online fashion retailer Asos on Friday to ‘buy’ from ‘neutral’ as it cut its price target to 600p from 780p.
RBC Capital upgrades St James’s Place to ‘outperform’
RBC Capital Markets upgraded its stance on St James’s Place to ‘outperform’ from ‘sector perform’ on Friday and lifted the price target to 1,400p from 1,390p.
Jefferies hikes target for Mitchells & Butlers, expects 'material' market share gains
Analysts at Jefferies hiked their target price for shares of Mitchells & Butlers in light of the "robust" momentum in the pub owner's sales and given the prospect that cost pressures would abate.
RBC Capital starts Advanced Medical Solutions at ‘sector perform’
RBC Capital Markets initiated coverage of Advanced Medical Solutions on Thursday with a ‘sector perform’ rating and 285p price target, as it sees a clear path to a re-rating but remains on the sidelines until then.
Citi downgrades M&S to ‘neutral’, trims target price
Citi downgraded its stance on Marks & Spencer on Thursday to ‘neutral’ from ‘buy’ and trimmed the price target to 170p from 175p.
Jefferies ups Rentokil price target, stays at ‘buy’
Jefferies upped its price target on Rentokil Initial on Wednesday to 740p from 640p after it hosted the company’s management at its ‘Key Drivers Conference’ this week.
HSBC initiates coverage of Oxford Instruments at 'hold'
HSBC initiated coverage of Oxford Instruments on Wednesday with a ‘hold’ rating and 2,900p price target as it said it is an undisputed expert in its field but that a strong share price performance since March 2020 might be stalled by export restrictions and change at the helm.
BofA ML double upgrades Smiths Group to ‘buy’
Bank of America Merrill Lynch upgraded Smiths Group on Tuesday to ‘buy’ from ‘underperform’ and lifted the price target to 2,000p from 1,150p, as it said there was "hidden value waiting to be realised".
ShoreCap starts Loungers at ‘buy’
Shore Capital initiated coverage of Loungers on Tuesday at ‘buy’ with a fair value of 300p, referring to the company as a "high-quality" business.
RBC Capital Markets upgrades AB Foods to 'outperform'
RBC Capital Markets upgraded Primark owner Associated British Foods on Tuesday to ‘outperform’ from ‘sector perform’ and lifted the price target to 2,250p from 2,150p.
Canaccord cuts THG to 'hold', sees potentially long road to recovery
Canaccord Genuity downgraded shares of THG from 'speculative buy' to 'hold' after the e-commerce company's decision to reject a bid from private equity giant Apollo.
Beazley still Berenberg's 'top pick' in London market
Analysts at Berenberg nudged up their profit estimates and target price for Beazley following the specialist insurer's "solid" trading statement for the first quarter, naming it their 'top pick' in the London market.
ShoreCap raises estimates for Intertek but keeps at 'hold'
Analysts at ShoreCap raised their profit estimates for Intertek despite concerns around the product testing and inspection specialist's ability to deliver on its targets.
Berenberg more positive on UK homebuilders, upgrades Crest Nicholson and Redrow
Analysts at Berenberg turned more positive on UK homebuilders, not least because the worst-case scenarios for house price deflation had been averted.
RBC Capital lifts Compass price target after results
RBC Capital Markets lifted its price target on shares of caterer Compass Group on Thursday to 1,675p from 1,625p.
JPMorgan resumes coverage of Bridgepoint at ‘underweight’
JPMorgan Cazenove resumed its recommendation for Bridgepoint at ‘underweight’ on Thursday, with a 224p price target, as it pointed to long-term potential but limited near-term growth.
BofA raises target for Yellow Cake on outlook for uranium prices, Chinese demand
Analysts at Bank of America revised their target price for shares of uranium investment company Yellow Cake higher.
Berenberg cuts price target on Marshalls
Berenberg cut its price target on Marshalls on Wednesday to 330p from 350p after the company’s trading update a day earlier.
Liberum slashes Asos price target after results
Liberum slashed its price target on Asos on Wednesday to 500p from 700p after the online fashion retailer’s interim results.
JPMorgan lifts Just Group price target
JPMorgan Cazenove lifted its price target on Just Group on Wednesday to 125p from 115p to reflect higher new business sales forecasts, and a valuation roll-forward.