Broker Recommendations
Citi upgrades Rio Tinto to 'buy'
Citi upgraded Rio Tinto on Thursday to ‘buy’ from ‘neutral’ as it took a look at the metals and mining sector.
JP Morgan backs NatWest over Lloyds
JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, in a note published on Thursday on UK banks.
Jefferies bumps up SSP price target
Jefferies upped its price target on shares of SSP on Wednesday to 340p from 325p.
Berenberg lifts Pets at Home price target
Berenberg lifted its price target on Pets at Home on Wednesday to 460p from 430p as it said the company’s strong momentum continued through Q423, "meaning a further removal of concerns around the impact of the weak consumer backdrop and a potential post-Covid-19 normalisation in pet spend".
Citi trims target price on Diageo
Citi has cut its price target for drinks giant Diageo on weaker US trading.
Shore Capital upgrades Auto Trader to 'buy'
Shore Capital upgraded Auto Trader on Tuesday to ‘buy’ from ‘hold’ as it pointed to strong results and an undemanding valuation.
RBC Capital upgrades Anglo American to ‘outperform’
RBC Capital Markets upgraded Anglo American on Tuesday to ‘outperform’ from ‘sector perform’ and lifted the price target to 2,700 from 2,500p.
Barclays cuts Dr Martens price target
Barclays cut its price target on Dr Martens on Monday to 175p from 210p.
Deutsche Bank upgrades Rio Tinto to 'buy'
Deutsche Bank upgraded Rio Tinto to ‘buy’ from ‘hold’ on Monday and lifted the price target to 6,200p from 6,000p.
Jefferies initiates coverage of Melrose spinoff Dowlais at ‘buy’
Jefferies initiated coverage of Dowlais - which was spun off from Melrose Industries - on Monday with a ‘buy’ rating and 155p price target, offering upside of around 21%.
Jefferies cuts AJ Bell price target, retains ‘buy’ rating
Jefferies slashed its price target on AJ Bell on Friday to 370p from 450p, keeping the rating at ‘buy’.
RBC Capital Markets lifts Auto Trader price target
RBC Capital Markets upped its price target on Auto Trader to 670p from 610p on Friday after the company’s results a day earlier.
JPMorgan puts Prudential on ‘positive catalyst watch’, shares rally
JPMorgan Cazenove placed Prudential shares on ‘positive catalyst watch’ on Friday into the first-half results in August.
Morgan Stanley upgrades Convatec to 'overweight'
Morgan Stanley lifted its stance on medical products company Convatec on Thursday as it switched its preference over from Coloplast.
Deutsche Bank lifts B&M European Value price target
Deutsche Bank lifted its price target on B&M European Value Retail on Thursday after the retailer’s results a day earlier.
Jefferies hikes Burford Capital price target
Jefferies hiked its price target on Burford Capital on Thursday to 1,820p from 1,370p as it said the portfolio was "entering harvest season".