Broker Recommendations
BofA Merrill Lynch upgrades Marks & Spencer to ‘buy’
Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to ‘buy’ from ‘neutral’ as it argued the stock is still too cheap and consensus earnings too low.
Citi raises target price for Intertek
Citigroup has reiterated its positive stance on shares of Intertek, saying that the stock is now trading at historic valuation multiples.
Downside priced in at Landsec, Shore Capital upgrades to 'hold'
Shore Capital has raised its recommendation for property group Landsec from 'sell' to 'hold', saying that the risk-reward has is now more balanced.
Deutsche Bank sees little upside at Croda despite recent sell-off
Deutsche Bank has slashed its target price for Croda from 5,600p to 5,200p and maintained a 'hold' recommendation, saying it expects disappointing guidance from the speciality chemicals company at its next update.
JPMorgan cuts Drax price target
JPMorgan Cazenove cut its price target on Drax on Thursday to 740p from 830p as it lowered its valuation for the stock.
Babcock shares jump but Liberum says 'hold'
Defence and civil specialist equipment manufacturer Babcock reported an "encouraging" start to the financial year, though that wasn't enough for analyst at Liberum to change their neutral stance on the stock.
Centrica shares approaching fair value, says BofA ML
Bank of America Merrill Lynch downgraded Centrica to ‘equalweight’ from ‘overweight’ on Wednesday and said it would switch into SSE, Engie or Fortum.
Jefferies cuts Reit ratings as office vacancies mount
Jefferies has downgraded a number of real estate investment trusts, including British Land, on the back of waning demand for office space.
Citi slashes Entain targets but still sees upside
Citigroup has slashed its target price for Entain by nearly a third after the gambling company's disappointing third-quarter update this week, but remained broadly positive on the stock.
Liberum starts Centrica at ‘sell’
Liberum initiated coverage of British Gas owner Centrica on Wednesday with a ‘sell’ rating and 150p price target.
Liberum upgrades Wizz Air to 'hold' but uncertainty remains
Broker Liberum has raised its rating on low-cost airline Wizz Air from 'sell' to 'hold', saying the recent drop in the shares has balanced the risk and reward.
Deutsche Bank, Morgan Stanley cut Burberry price targets
Luxury fashion brand Burberry took a hit on Tuesday as both Morgan Stanley and Deutsche Bank cut their price targets on the stock.
Morgan Stanley sees 'compelling' opportunity with UK property stocks
UK real estate investment trusts (REITs) offer a "compelling" investment opportunity, according to analyst at Morgan Stanley, who said that the sector could soon see a recovery as challenging macro conditions slowly begin to ease.
Redburn downgrades Premier Inn owner Whitbread
Redburn downgraded its stance on Premier Inn owner Whitbread on Tuesday to ‘sell’ from ‘neutral’, with a target price of 3,000p.
JD Sports 'materially undervalued', says Shore Capital
JD Sports is "materially undervalued", Shore Capital said in a research note on Tuesday.
Liberum sees 'significant execution risk' at Asos
Broker Liberum has repeated its 'sell' stance on Asos after the fast fashion giant's weak fourth-quarter trading update on Tuesday, .
Edison sees upside at Games Workshop if it replicates historical success
Edison sees "good upside" at Games Workshop if things go to plan with the latest Warhammer product release, following a strong start to the year for the hobby miniatures company.
Entain valuation still attractive despite weak Q3, says Shore Capital
Shore Capital has maintained its 'buy' recommendation for Entain despite the gambling company disappointed the market with a weak third-quarter update, saying the shares still look good value.
Dr Martens' US turnaround could see shares recover, says Edison
Equity research firm Edison reckons that Dr Martens' recent share-price underperformance could reverse if the iconic footwear retailer has a successful turnaround of operational issues in North America.
BoA stays negative on European equities, sees 15% downside for Stoxx 600
Equity strategists at Bank of America sounded a pessimistic note on the outlook for European equities now that the European Central Bank was likely done hiking rates.