Broker Recommendations
JD Sports 'superior market position' not reflected in share price, says BofA
Bank of America Merrill Lynch highlighted JD Sports’ "superior market position" in a research note on Wednesday, which it said is not reflected in the share price.
RBC Capital downgrades HSBC, says shares looking ‘more fair value’
RBC Capital Markets downgraded HSBC on Wednesday to ‘sector perform’ from ‘outperform’ and cut the price target to 775p from 825p as it said the shares are looking more fair value.
Berenberg remains 'enthused' by Diploma, hikes target price
Analysts at Berenberg hiked their target price on technical products and services supplier Diploma from 3,500. 0p to 3,800. 0p on Tuesday, stating the firm's recent full-year results offered "much to be enthused about".
Deutsche Bank starts coverage of 6 retail stocks; prefers Asos, B&M and M&S
Deutsche Bank initiated coverage on six UK retail stocks on Tuesday, with a preference for Asos, B&M European Value Retail and Marks & Spencer.
Citi double upgrades Admiral to 'buy'
Citi upgraded Admiral on Tuesday to ‘buy’ from ‘sell’ as it said its ‘Deep Dive’ report had suggested consensus is too conservative on the impacts of recent pricing on topline estimates and the implications of the Ogden discount rate changes in 2024.
JPMorgan upgrades Intermediate Capital Group to 'overweight'
JPMorgan Cazenove upgraded Intermediate Capital Group on Tuesday to ‘overweight’ from ‘neutral’ and lifted the price target to 1,882p from 1,738p as it said it was well positioned for earnings growth.
JP Morgan downgrades Softcat on slow earnings growth
JP Morgan has downgraded its rating on Softcat from 'neutral' to 'underweight', saying that the IT infrastructure and services provider's slow earnings growth doesn't justify the stock's premium valuation.
Berenberg raises target price on Cerillion following 'record year'
Analysts at Berenberg raised their target price on software firm Cerillion from 1,400. 0p to 1,500. 0p on Monday on the back of the group's "record year".
Compass shares drop but Shore Capital still sees upside
The share price of Compass took a hit on Monday after the catering group underwhelmed the market with its annual results, but it wasn't enough to deter Shore Capital which reiterated a 'buy' rating on the stock.
Goldman upgrades Standard Chartered to 'buy'
Goldman Sachs has upgraded its rating on multinational banking group Standard Chartered from 'neutral' to 'buy', saying that upside risk isn't reflected in the current share price.
RBC Capital lifts Currys to ‘outperform’
RBC Capital Markets upgraded Currys on Monday to ‘outperform’ from ‘sector perform’ and lifted the price target to 70p from 60p as it said it was "becoming investable again".
RBC Capital cuts Burberry price target after sales warning
RBC Capital Markets cut its price target on Burberry on Friday to 1,700p from 1,900p after the luxury fashion brand’s sales warning a day earlier.
Berenberg hikes target price on XP Power
Analysts at Berenberg raised their target price on power supply solutions provider XP Power from 1,400. 0p to 1,600. 0p on Friday after having upgraded the group to 'buy' last month.
Barclays upgrades NatWest to 'overweight'
Barclays analysts have raised their rating for NatWest from 'equal weight' to 'overweight', saying it expects a big rebound in profits.
BofA trims Babcock price target, reiterates 'buy' rating
Bank of America Merrill Lynch reiterated its ‘buy’ rating on Babcock International on Thursday while trimming its price target.
RBC Capital Markets hikes target price on Lancashire Holdings
Analysts at RBC Capital Markets hiked their target price on insurance firm Lancashire Holdings from 800. 0p to 825. 0p on Thursday following the group's recent capital markets day event.
JP Morgan sees no upside at B&M after 'unexciting' first half
JP Morgan has reiterated an 'underweight' rating and 550p target price for discount retailer B&M European Retail after an "unexciting" set of first-half results last week.
JPMorgan reiterates ‘overweight’ on Anglo American
JPMorgan Cazenove reiterated its ‘overweight’ rating on Anglo American on Wednesday after it agreed to buy 77% of Teck Resources’ metallurgical coal business, Elk Valley Resources, for $6. 93bn.
Berenberg downgrades IHG to 'hold', lowers target price
Analysts at Berenberg downgraded their recommendation for shares of hotel operator IHG from 'buy' to 'hold'.
RBC Capital downgrades M&G to ‘sector perform’
RBC Capital Markets downgraded M&G on Tuesday to ‘sector perform’ from ‘outperform’ and cut the price target to 200p from 220p as it turned more cautious on asset management.