Broker Recommendations
Restaurant Group's £700m takeover bid "too low", says Shore Capital
Shore Capital has said that the value of Apollo Group's takeover bid of Restaurant Group is "too low", despite the hospitality company recommending the offer to shareholders.
Barclays continues to see ‘material upside’ in BP to 1,000p a share
Barclays said on Tuesday that it expects a positive reaction to the ongoing BP capital markets day.
Canaccord Genuity lowers target price on Calnex
Analysts at Canaccord Genuity lowered their target price on telecommunications equipment company Calnex from 165. 0p to 110. 0p on Wednesday but said a recovery was likely to take place in 2024.
Berenberg prefers gold miners after recent de-rating
Berenberg said it remains upbeat about the long-term investment picture in the metals and mining sector, but has warned of some near-term uncertainty and highlighted gold plays as the safe option right now.
Canaccord Genuity raises target price on Yellow Cake
Analysts at Canaccord Genuity nudged up their target price on Jersey-based uranium-focused company Yellow Cake from 635. 0p to 645. 0p on Tuesday following the exercise of the group's 2023 uranium purchase option with Kazatomprom.
Berenberg sees huge upside for YouGov even after Tuesday's surge
Berenberg has slashed its target price for research firm YouGov by 18% but still sees significant upside after recent weakness in the shares.
Berenberg starts Judges Scientific at 'buy'
Berenberg initiated coverage of Judges Scientific on Monday with a ‘buy’ rating and 10,400p price target.
JPMorgan places Next, AB Foods on 'negative catalyst watch'
JPMorgan Cazenove placed the shares of Next and Primark owner Associated British Foods on ‘negative catalyst watch’ on Monday as it took a look at the European general retail sector.
BofA Merrill Lynch reiterates 'buy' on THG
Bank of America Merrill Lynch reiterated its ‘buy’ rating on THG on Friday as it argued that margins are improving and it’s now time for growth.
Citi downgrades UK stocks to 'underweight'
Citi has downgraded its average rating for UK stocks to 'underweight', saying the region's heavy exposure to oil could lead to a raft of earnings downgrades in the near future.
Berenberg hikes target price on Synthomer
Analysts at Berenberg upped their target price on chemicals firm Synthomer from 115. 0p to 400. 0p on Friday, stating the group's balance sheet had now been "repaired".
Berenberg stays at 'buy' on Volution
Ventilation equipment manufacturer Volution released its full-year results on Thursday, leading analysts at Berenberg to take a fresh look at the stock.
Canaccord slashes Spirent forecasts but still sees upside
Canaccord Genuity has slashed its target price for Spirent Communications by 40% after the third downgrade to forecasts this year, but maintained a 'speculative buy' rating saying that a rebound is still likely.
Jefferies upgrades Aviva to 'buy'
Jefferies upgraded Aviva on Wednesday to ‘buy’ from ‘neutral’ and lifted the price target by 26% to 480p as it pointed to "turning tides".
More upgrades possible at Tesco after H1 beat, says Shore Capital
Shore Capital has reiterated its 'buy' rating for Tesco after the retail giant's forecast-beating first half, saying that more upgrades could be possible if the company sustains its strong momentum.
JPMorgan upgrades Severn Trent to ‘neutral’
JPMorgan Cazenove upgraded its stance on Severn Trent on Wednesday as it took a look at the UK water sector.
Citi cuts organic targets for WPP but still sees value
Citigroup has reiterated its 'buy' rating for advertising giant WPP despite cutting its organic sales forecasts, saying the recent underperformance of the stock is unwarranted.
Berenberg hikes Yellow Cake target by 20%
Berenberg has hiked its target price for Yellow Cake by nearly 20%, after the uranium developer raised $125m in a share placing last week.
Shore Capital upbeat on Boohoo's prospects despite sales warning
Shore Capital has reiterated a 'buy' rating on Boohoo despite the fast-fashion retailer cutting its sales guidance for the year.
Berenberg upgrades BAE Systems to 'buy'
Berenberg upgraded defence contractor BAE Systems on Monday to ‘buy’ from ‘hold’ and lifted the price target to 1,170p from 1,050p.