Broker Recommendations
Shore Capital upgrades B&M to ‘buy’ on Wilko deal
Shore Capital upgraded B&M European Value Retail on Wednesday to ‘buy’ from ‘hold’ and lifted the fair value to 640p from 560p on news that the discount retailer will buy up to 51 Wilko stores for £13m.
JP Morgan sees huge potential for Sage Intacct
JP Morgan has placed Sage on its "positive catalyst watch" ahead of the accounting software group's fourth-quarter results in November, where it expects to see solid growth with its cloud finance offering Intacct.
Morgan Stanley downgrades Hiscox, upgrades Lancashire
Morgan Stanley has reassessed its performance ratings on stocks in the insurance sector, leading to a downgrade for Hiscox and an upgrade for Lancashire Holdings.
Canaccord Genuity starts Trainline at 'buy'
Canaccord Genuity initiated coverage of Trainline on Tuesday with a ‘buy’ rating and 371p price target as it argued it’s potentially a 10-15% organic growth business and said the valuation is "very low valuation for such a high-growth and quality platform player".
JP Morgan downgrades B&M and Tesco on deflation risks
JP Morgan has cut its performance rating for UK-listed stocks B&M and Tesco as part of its downgrade of the whole European food retail sector.
Jefferies cuts Entain PT but maintains 'buy' rating
Jefferies cut its price target on Ladbrokes and Coral owner Entain on Monday but struck an upbeat note on the outlook for the company.
Morgan Stanley upgrades Hammerson, downgrades Landsec
Morgan Stanley lifted its rating on Hammerson on Monday but downgraded Landsec as it took a look at property stocks.
RBC Capital lifts Moneysupermarket price target
RBC Capital Markets lifted its price target on Moneysupermarket on Monday to 300p from 290p on higher long-term margin forecasts, as it argued the shares are attractive after a de-rating.
UK construction tough but buying opportunities exist, says Berenberg
Broker Berenberg expects the UK construction market to flatline in 2024 before returning to growth, and highlighted a number of key buying opportunities for investors.
JP Morgan downgrades British Land on falling London values
JP Morgan has cut its stance on real estate giant British Land from 'overweight' to 'neutral' and cut its target price for the shares from 505p to 410p.