Broker Recommendations
Bunzl offers strong value, says Shore Capital
Shore Capital has repeated its 'buy' recommendation for Bunzl, saying the distribution giant offers "strong value and investment credentials".
Berenberg says AI fears around Keyword Studios 'overdone'
Berenberg analysts sounded a confident note on Keyword Studios, even as they slashed their target price on the company's shares from 3,450. 0p to 2,120. 0p.
Barclays lifts target price for AB Foods
Barclays has raised its target price for the shares of Associated British Foods after the food, ingredients and retail group upped its profit guidance for the full year despite shrinking margins at its Primark division.
Barclays keeps 1,000p target price for BP shares ahead of CMD
Analysts at Barclays stood by their 1,000. 0p target price for shares of BP ahead of the oil major's next capital markets day.
Global fund managers no longer 'extreme' bearish, BoA says
Fund managers around the world remained bearish in August for the most part, but were no longer "extreme" bearish, the results of a survey showed.
Berenberg ups target for Ashtead Tech on strong H1 momentum
Berenberg has hiked its target price for the shares of Ashtead Technology by over a tenth after the subsea equipment rental and solutions provider raised its full-year guidance last week.
Chemring's contract issue a buying opportunity, says Shore Capital
Shares in Chemring dropped 5% on Tuesday after the company said that the timing of a key contract would determine whether it hits its full-year targets; but broker Shore Capital recommended investors to use any weakness in the stock as an opportunity to pick up shares.
Broker tips: Ashmore, Melrose Industries, Babcock
Shares of emerging markets investment manager Ashmore have tanked since the start of the year but still don't represent a buying opportunity, according to Citi, which maintained its 'sell' rating on the stock on Monday.
BofA Merrill Lynch starts Babcock at 'buy'
Bank of America Merrill Lynch initiated coverage on Babcock on Monday with a ‘buy’ rating and 585p price target, implying more than 50% potential return.
Morgan Stanley upgrades Tesla on Dojo supercomputer potential
Morgan Stanley upgraded Tesla to ‘overweight’ from ‘equalweight’ and hiked the price target to $400 from $250, as it argued that the company’s Dojo supercomputer could add up to $500bn to the enterprise value.
Berenberg cuts Barratt Developments's target price due to lower estimates for margins
Analysts at Berenberg took a knife to their target price for shares of Barratt Developments on the back of its latest guidance.
Melrose Industries valuation 'up with events', says RBC Capital
RBC Capital Markets downgraded Melrose Industries on Monday to ‘sector perform’ from ‘outperform’ as it argued the valuation was "up with events", but lifted the price target to 540p from 525p.
Ashmore still a 'sell' despite share-price slump, says Citi
Shares of emerging markets investment manager Ashmore have tanked since the start of the year, but still don't represent a buying opportunity, according to Citi which maintained its 'sell' rating on the stock on Monday.
Rolex exposure has its risks for Watches of Switzerland, says Stifel
The significant exposure that Watches of Switzerland Group (WOSG) has to Rolex is both the group's main investment appeal and a key risk, according to broker Stifel which kicked off coverage of the stock with a 'hold' rating on Friday.
Berenberg lifts price target on 'top pick' JD Sports
Berenberg lifted its price target on JD Sports Fashion on Friday to 225p from 210p and named the retailer its "top pick" in the sector, as it said the recent slump in the share price has created an attractive entry point.
Deutsche Bank lifts target prices for Britvic and Diageo
Deutsche Bank has lifted target prices across the whole European beverages sector, recommending investors to "buy beer, stick with soft, stay selective [on] spirits".
Recent sell-off in Spirax-Sarco shares "overdone", says JP Morgan
JP Morgan has lifted its target price for Spirax-Sarco, saying that the engineering group's recent share-price weakness has been unwarranted.
RBC Capital cuts CMC Markets price target after profit warning
RBC Capital Markets cut its price target on CMC Markets on Friday to 140p from 250p as it reduced estimates following the FY24 profit warning.
RBC Capital upgrades Convatec to ‘outperform’, hikes price target
RBC Capital Markets upgraded ConvaTec on Thursday to ‘outperform’ from ‘sector perform’ and hiked the price target to 300p from 215p.
Darktrace's margin guidance cut not a big deal, says Berenberg
Shares in Darktrace slipped on Wednesday morning after the cybersecurity firm cut its margin guidance for the current financial year owing to changes in its commission structure; but broker Berenberg said the overall impact would be muted as it maintained its 'buy' rating on the stock.