Broker Recommendations
Deutsche Bank ups Johnson Matthey to ‘buy’, lifts price target
Deutsche Bank upgraded Johnson Matthey on Monday to ‘buy’ from ‘hold’ and lifted the price target to 2,500p from 2,300p.
J.P.Morgan reiterates 'underweight' on euro area stocks
Equity strategists at J. P. Morgan reiterated their 'underweight' stance towards Eurozone equities and sounded a "cautious" note on the outlook for China, a key driver of activity in the region.
Berenberg upgrades Victrex to ‘buy’, cites attractive risk/reward
Berenberg upgraded Victrex on Monday to ‘buy’ from ‘hold’ and lifted the price target to 2,090p from 1,750p, as it argued the current risk/reward is attractive.
Barclays says Aston Martin has been 'derisked' and its potential 'validated'
Analysts at Barclays reiterated their 'overweight' stance and hiked their target price for shares of Aston Martin Lagonda ahead of the carmaker's next set of results on 26 July.
Bank of America Merrill Lynch ups Dr Martens to 'buy'
Dr Martens surged on Friday after Bank of America Merrill Lynch lifted the stock to ‘buy’, arguing that the iconic bootmaker has an "attractive value proposition".
UBS upgrades Spirax-Sarco Engineering, cites attractive entry point
UBS upgraded Spirax-Sarco Engineering on Friday to ‘buy’ from ‘neutral’ and lifted the price target to 12,400p from 11,560p, citing an attractive entry point.
Barclays starts Morgan Advanced Materials at ‘overweight’
Barclays initiated coverage of Morgan Advanced Materials on Friday with an ‘overweight’ rating and 365p price target.
Barclays upgrades Schroders to 'overweight'
Barclays upgraded its stance on Schroders on Thursday as it took a look at European diversified financials.
Berenberg upgrades Hunting, says recent pullback is overdone
Berenberg upgraded Hunting on Thursday to ‘buy’ from ‘hold’ as it pointed to an attractive valuation and strong international sales.
Citi upgrades Softcat, downgrades Computacenter
Citi upgraded Softcat and downgraded Computacenter on Thursday as it refreshed its view on the European value-added resellers, "keeping in consideration a return to more normal growth for the space post pandemic induced spurt in demand".
Citi opens ‘positive catalyst watch’ on Pearson ahead of H1 results
Citi said on Wednesday that it was opening a "positive catalyst watch" on educational publisher Pearson as it thinks the first-half results at the end of July will act as a positive catalyst.
RBC Capital downgrades Bunzl to ‘underperform’
RBC Capital Markets downgraded Bunzl on Wednesday to ‘underperform’ from ‘sector perform’ and cut the price target to 2,550p from 2,850p as it said deflationary forces are building.
Berenberg reiterates ‘buy’ rating on Moonpig
Berenberg reiterated its ‘buy’ recommendation on Moonpig on Tuesday as it argued that while the shares have performed well year-to-date, it continues to see a re-rating opportunity.
Citi starts Melrose spinoff Dowlais at 'sell'
Dowlais tumbled on Tuesday after Citi initiated coverage of the Melrose spinoff with a ‘sell’ rating and 97p price target, which implies around 20% downside.
Jefferies upgrades EnQuest, Capricorn Energy to ‘buy’
Jefferies upgraded EnQuest and Capricorn Energy on Monday on valuation versus risks grounds.
JP Morgan says S&P 500 ex-Tech/AI far from priced for disappointment
Equity strategists at J. P. Morgan sounded a cautious note on the outlook for stocks, arguing that they were no longer priced for disappointment - even when excluded Technology/Artificial Intelligence out of the equation.
ShoreCap says OSB Group share price drop an 'overreaction'
Analysts at ShoreCap stood by their 'buy' recommendation for shares of OSB Group despite the lender's unscheduled 6 July update.
RBC Capital Markets cuts IWG price target
RBC Capital Markets cut its price target on IWG on Monday to 155p from 190p, keeping the rating at ‘sector perform’ as it sees better value in other cyclicals.
JPMorgan upgrades Elementis to ‘overweight’
JPMorgan Cazenove upgraded Elementis on Friday to ‘overweight’ from ‘neutral’, keeping the price target at 144p, as it pointed to a relatively better earnings outlook supported by self-help actions.
JPMorgan upgrades Mondi, Smurfit Kappa
JPMorgan Cazenove upgraded packaging and paper firms Smurfit Kappa and Mondi on Thursday to ‘overweight’ from ‘neutral’ and kept DS Smith at ‘overweight’.