Broker Recommendations
Goldman Sachs cuts China growth forecasts
Goldman Sachs has cut its growth forecasts for China, arguing that after a strong start in the first quarter, the country’s post-reopening recovery "appears to have fizzled out in Q2" and that government stimulus won’t be enough.
BofA's Hartnett does not believe US stocks at start of 'new bull market'
A top-rated equity strategist at BofA Securities cautioned clients that he did not believe that Wall Street was starting on a "brand new shiny bull market".
Jefferies lifts JTC price target
Jefferies upped its price target on JTC to 875p from 860p on Friday as it said the proposed acquisition of South Dakota Trust Company and associated placing have prompted it to revise its forecasts upwards.
Citi reiterates ‘buy’ rating on Centrica
Citi reiterated its ‘buy’ rating on British Gas owner Centrica on Friday as it argued that the stock’s tepid share price performance in recent days despite the tailwind from a solid trading statement is a reflection of positioning rather than concerns on fundamentals.
Berenberg cuts Croda price target, keeps at 'buy'
Berenberg cut its price target on Croda on Thursday as it trimmed its estimates a week after the specialty chemicals firm warned on profits, but maintained its ‘buy’ recommendation.
JPMorgan relaunches coverage of Man Group at ‘overweight’
JPMorgan Cazenove relaunched coverage of Man Group on Thursday with an ‘overweight’ rating and 293p price target.
Berenberg stays at 'buy' on Ceres Powers
Analysts at Berenberg reiterated their 'buy' recommendation and 1,155p target price for shares of Ceres Power following a technology teach-in with the outfit on its solid oxide electrolyser offering.
Jefferies upgrades Aston Martin to ‘hold’, hikes price target
Jefferies upgraded Aston Martin on Wednesday to ‘hold’ from ‘underperform’ and hiked the price target to 300p from 160p.
Jefferies upgrades Hipgnosis to 'buy'
Jefferies has upgraded Hipgnosis Songs Fund to ‘buy’, after the risk-reward dynamic for the music investment firm became ‘more favourable’.
Morgan Stanley starts ‘top pick’ BAE Systems at ‘overweight’
Morgan Stanley started coverage of BAE Systems on Tuesday with an ‘overweight’ rating and 1,208p price target, as it initiated coverage on the European defence sector.
Citi downgrades Admiral to 'sell', shares slide
Insurer Admiral tanked on Tuesday after Citi downgraded its stance on the shares to ‘sell’, saying that a ‘deep dive’ into industry loss ratio trends had suggested that consensus estimates for the group are currently an outlier.
UBS ups ratings on Crest Nicholson, Persimmon and Vistry
UBS has upgraded Crest Nicholson, Persimmon and Vistry Group in its latest review of UK housebuilders.
BofA ups Carnival to 'buy', says industry demand 'steady'
Analysts at BofA Securities upgraded their recommendation for shares of Carnival from 'neutral' to 'buy'.
Goldman Sachs downgrades Great Portland, Segro
Goldman Sachs downgraded Great Portland Estates and Segro on Monday as it took a look at real estate investment trusts.
Berenberg initiates coverage of ME Group
Berenberg has initiated coverage of ME Group International with a ‘buy’ rating.
RBC Capital Markets cuts Dr Martens price target as it lowers estimates
RBC Capital Markets slashed its price target on Dr Martens on Monday to 150p from 180p, keeping the rating at ‘sector perform’, as it lowered estimates after the bootmaker’s results.
BofA analysts say S&P 500 'bear market' now dead
Equity analysts at Bank of America Securities sounded a 'bullish' note on the outlook for stocks, declaring the 'bear market' "officially over" and telling clients the new 'bull market' had legs.
RBC Capital cuts British Land price target, ups PT on Landsec
RBC Capital Markets cut its price target on British Land on Friday but upped it on Landsec.
Barclays double upgrades Hammerson to ‘overweight’
Barclays upgraded Hammerson on Friday to ‘overweight’ from ‘underweight’ and lifted the price target to 30p from 25p.
Citi removes Lloyds from ‘EMEA Focus List’, keeps at ‘buy’
Citi removed Lloyds Banking Group from its ‘EMEA Focus List’ on Friday as it pointed to headwinds in the second quarter.