Broker Recommendations
Canaccord downgrades Future to 'sell' on downside risk
Canaccord Genuity has cut its recommendation for Future Plc from 'hold' to 'sell' ahead of the specialist media group's annual results next week, saying it sees downside risk to market forecasts.
JPMorgan upgrades NatWest, adds to 'top picks' list
JPMorgan Cazenove upgraded NatWest on Thursday to ‘overweight’ from ‘neutral’ and lifted the price target to 280p from 230p as it took a look at European banks.
Berenberg lowers target price on Anglo American ahead of December update
Analysts at Berenberg lowered their target price on precious metals miner Anglo American from 2,500. 0p to 2,200. 0p on Wednesday ahead of the group's 8 December update.
Deutsche Bank upgrades UK insurers but downgrades Aviva
Deutsche Bank has raised its ratings for insurance peers Direct Line Group, Legal & General and M&G from 'hold' to 'buy', after turning more positive on the sector heading into next year, but has cut its rating on Aviva.
Canaccord Genuity raises target price on Arrow Exploration following banner year
Analysts at Canaccord Genuity raised their target price on oil miner Arrow Exploration from 42. 0p to 46. 0p on Wednesday after the group's Q3 results were the best in the company's history.
Goldman Sachs initiates coverage on M&G at 'buy'
Analysts at Goldman Sachs initiated coverage on investment manager M&G with a 'buy' rating and 240. 0p target price on Tuesday, stating it had "attractive growth, capital returns, and valuation".
Berenberg cuts target price on Frontier Developments
Analysts at Berenberg lowered their target price on video games developer Frontier Developments from 210. 0p to 170. 0p on Tuesday on the back of news that sales of its Realms of Ruin title had been "underwhelming and materially lower" than many of its other franchises.
HSBC cuts Burberry price target, lifts Watches of Switzerland
HSBC cut its price target on Burberry on Tuesday but lifted it for Watches of Switzerland as it took a look at the European luxury goods sector.
Citi upgrades B&M from 'neutral' to 'buy'
Citi has upgraded its rating on discount retailer B&M from 'neutral' to 'buy', saying the stock could stand to benefit from a resilient consumer landscape.
Frasers Group 'poised for European expansion', says Barclays
Barclays initiated coverage of Frasers Group on Tuesday with an ‘overweight’ rating and 1,060p price target, as it said the company was "poised for European expansion".
Canaccord Genuity reiterates 'buy' rating on Celebrus
Analysts at Canaccord Genuity reiterated their 'buy' rating and 330. 0p target price on software and services firm Celebrus Technologies on Monday, stating the firm's interim results had provided "additional colour" with some "encouraging takeaways" for investors.
BofA ML upgrades Johnson Matthey to ‘buy’
Bank of America Merrill Lynch upgraded Johnson Matthey on Monday to ‘buy’ from ‘underperform’ and hiked the price target to 2,000p from 1,600p as it argued the company has a far better cash flow profile than its valuation discounts.
Numis upgrades Rightmove from 'add' to 'buy'
Numis has upgraded its rating for Rightmove from 'add' to 'buy' after a bullish trading update from the property portal on Monday, highlighting an attractive entry point after the stock's recent falls.
Goldman downgrades Entain to 'sell', slashes price target
Goldman Sachs downgraded its stance on Ladbrokes and Coral owner Entain on Monday, to ‘sell’ from ‘buy’, and slashed the price target to 820p from 1,450p.
Canaccord Genuity downgrades Sage to 'sell'
Analyst at Canaccord Genuity downgraded software and services firm Sage from 'hold' to 'sell' on Friday, stating the recent share price reaction to its "in-line" set of full-year results and guidance had presented a "compelling" opportunity to take profit.
Berenberg slightly raises target price on Breedon
Analysts at Berenberg slightly raised their target price on construction firm Breedon from 430. 0p to 440. 0p on Friday following the group's year-to-date trading update a day earlier.
Sage is "ticking all the boxes", says Bank of America
Bank of America has lifted its target price for business software group Sage, saying the company is "ticking all the boxes" with its solid top-line growth, margin expansion and a new share buyback.
Berenberg hikes target price on Cranswick
Analysts at Berenberg raised their target price on food manufacturing group Cranswick from 4,620. 0p to 4,694. 0p on Thursday, stating it expects to see the group's market share gains continue.
JPMorgan lifts BAE Systems price target
JPMorgan Cazenove lifted its price target on BAE Systems on Thursday to 1,300p from 1,150p, after hosting the company’s chief executive and chief financial officer at its UK Leaders Conference.
Berenberg lowers target price on Videndum following equity raise
Analysts at Berenberg slashed their target price on TV software and hardware maker Videndum from 1,055. 0p to 500. 0p on Wednesday following its completion of a fully underwritten £125. 0m gross equity raise a day earlier to reflect the group's latest trading and the impact of the equity injection.