Broker Recommendations
Shore Capital upbeat on Mothercare's future, but stock still a 'hold'
Mothercare's forecast-beating annual results demonstrate "resilience and adaptability" according to Shore Capital, but that wasn't enough to change the broker's 'hold' rating.
Dunelm continues to outperform, says Berenberg
Berenberg has reiterated its 'buy' rating on Dunelm after the homewares retailer's strong annual results this week, saying that its market outperformance should continue.
Shore Capital hails impressive first half from JD Sports
Shares in JD Sports Fashion surged on Thursday morning after the sportswear retailer beat forecasts with its interim results, with broker Shore Capital hailing "significant progress" as it reiterated its 'buy' rating on the stock.
Berenberg sees upside risk to profits at Gym Group
Berenberg has reiterated its 'hold' rating on Gym Group after the company's positive interim results last week, but said that some upside risk to forecasts remains this year.
Shore Capital upgrades Supermarket Income REIT to 'hold'
Shore Capital has upgraded its recommendation for Supermarket Income from 'sell' to 'hold', saying that the real estate group's full-year results demonstrated "portfolio resilience" in the second half.
BofA restarts IHG at 'buy', says valuation discount 'unjustified'
Analysts at Bank of America restarted coverage of Intercontinental Hotels Group at 'buy' with a 7,200. 0p target price, arguing that the shares' valuation discount versus peers was "unjustified".
Berenberg still upbeat on Redrow despite 'tough year ahead'
Berenberg has retained a 'buy' stance on housebuilder Redrow despite cutting its profit forecasts, saying the stock is one of the more "attractively valued" in the sector.
C&C Group a 'buy' after resilient first-half performance
Shares in Bulmers and Magners maker C&C Group jumped on Tuesday after the drinks manufacturer delivered a "resilient" and "reassuring" underlying performance in the first half, according to Shore Capital.
Berenberg says that it is time to return to energy sector
Analysts at Berenberg said the US and European energy sectors could be a way to play the headwinds that they expected to bear down on global equities over the coming quarters.
London office stocks to benefit from higher oil price, says Morgan Stanley
Morgan Stanley says the recent rise in oil could be a positive for London-focused office property groups, as it looked into the historic correlations between real estate and commodity prices.
Missguided sale could be huge for Frasers Group, says Shore Capital
A deal to sell online retailer Missguided to Chinese fast fashion giant Shein could present more opportunities for owner Frasers Group than just an asset disposal, according to broker Shore Capital.
Canaccord sees scope for £500m of share buybacks at Trainline
Analysts at Canaccord Genuity reiterated their 'buy' recommendation and 271. 0p target price on shares of Trainline due to their "depressed" valuation despite the "materially" improving outlook and potential for share buybacks.
Goldman upgrades Great Portland, Derwent London
Goldman Sachs upgraded its stance on Great Portland Estates and Derwent London on Friday.
Whitbread ‘preferred pick’ in leisure sector, says Barclays
Barclays said on Friday that Premier Inn owner Whitbread is its "preferred pick" in the leisure sector.
JPMorgan puts LSEG on 'positive catalyst watch' ahead of CMD
JPMorgan Cazenove upped its price target on London Stock Exchange Group on Friday to 9,920p from 9,867p and placed the shares on "positive catalyst watch" ahead of the capital markets day in November.
Entain shares still good value despite "anaemic" first half, says HSBC
HSBC has slashed its target price for Entain after an "anaemic" first half from the gambling company, but believes that the stock still offers good value, keeping its 'buy' rating.
IG Group puts in "resilient" Q1 performance, says Shore Capital
Shore Capital has reiterated its 'buy' recommendation for shares of IG Group after the online trading platform's "resilient" first-quarter performance, estimating a big share-price recovery.
JP Morgan lifts targets for iron ore miners, upgrades Rio Tinto
JP Morgan has upgraded its rating for Rio Tinto and raised target prices across the iron ore sector after turning more positive on the outlook for iron ore prices.
Apple’s iPhone 15 launch upgrade cycle to surprise to the upside, says Wedbush
Wedbush lifted its price target on Apple on Wednesday to $240 from $230 and reiterated its ‘outperform’ rating as it reckons the iPhone 15 launch upgrade cycle will surprise to the upside.
RBC Capital upgrades CVS Group to ‘outperform’
RBC Capital Markets upgraded CVS Group to ‘outperform’ from ‘sector perform’ on Wednesday as it argued that risks over the Competition and Markets Authority’s recently-announced review are overdone.