Broker Recommendations
JPMorgan upgrades M&G to 'neutral'
JPMorgan Cazenove upgraded M&G to ‘neutral’ from ‘underweight’ on Monday as it revisited the UK life sub sector following a period of poor relative performance.
Dr Martens slumps on Barclays downgrade
Dr Martens slumped on Monday after Barclays downgraded shares of the iconic bootmaker to ‘equalweight’ from ‘overweight’ and cut the price target to 140p from 174p.
Citi cuts targets for Diageo after surprising LatAm weakness
Citi has slashed its target price for Diageo by 15% after the drinks group's disappointing trading update on Friday, saying there's a risk of further cuts despite last week's derating.
RBC Capital Markets lowers target price on Wizz Air
Analysts at RBC Capital Markets lowered their target price on low-cost carrier Wizz Air from 3,400. 0p to 3,200. 0p on Friday following the group's interim results.
Goldman starts Smith & Nephew at ‘buy’, cites improving fundamentals
Goldman Sachs initiated coverage of Smith & Nephew on Friday with a ‘buy’ rating and 1,400p price target, as it pointed to improving fundamentals and an undemanding valuation.
Barclays upgrades Unilever to 'overweight'
Barclays upgraded Unilever to ‘overweight’ from ‘equalweight’ on Thursday and lifted the price target to 4,600p from 4,300p, turning more positive on the stock having digested chief executive Hein Schumacher’s strategy update and targets.
Berenberg lowers target price on Rainbow Rare Earths following TechMet deal
Analysts at Berenberg lowered their target price on minerals exploration and production company Rainbow Rare Earths from 43. 0p to 38. 0p on Thursday but stated the group's $50. 0m TechMet deal had de-risked its funding case.
Brokers keep Auto Trader on 'hold' despite strong first half
Auto Trader's share price raced ahead on Thursday morning after the automotive online marketplace smashed expectations with its interim results; but that wasn't enough to change analysts' neutral ratings on the stock.
Berenberg lowers target price on ITM Power
Analysts at Berenberg lowered their target price on energy storage and clean fuel company ITM Power from 90. 0p to 80. 0p on Wednesday, stating it now anticipates seeing slower than previously expected production ramp-up.
BofA Merrill Lynch reinstates Haleon at ‘buy’
Bank of America Merrill Lynch reinstated coverage of GSK spinoff Haleon on Tuesday, with a ‘buy’ rating and 390p price target.
Jefferies downgrades Hikma to ‘hold’
Jefferies downgraded Hikma Pharmaceuticals on Tuesday to ‘hold’ from ‘buy’ and cut the price target to 1,940p from 2,125p.
Berenberg stays at 'hold' on Hikma Pharmaceuticals
Analysts at Berenberg reiterated their 'hold' rating and 2,100. 0p target price on Hikma Pharmaceuticals on Monday, saying a "lighter" second half was playing out in its injectables unit.
RBC Capital upgrades Dunelm, downgrades Next
RBC Capital Markets upgraded Dunelm on Monday, but downgraded Next.
Citi starts JD Sports at ‘buy’
Citi initiated coverage JD Sports on Monday with a ‘buy’ rating as it took a look at European sporting goods.
Berenberg cuts target price on Howden Joinery
Berenberg lowered its target price on commercial furniture group Howden Joinery from 870. 0p to 835. 0p on Friday after the group noted that its outturn was more likely to be at the lower end of consensus estimates.
Currys has major upside after European disposal, says Liberum
Liberum has reiterated its 'buy' recommendation on Currys, saying that the €200m sale price of its Greek and Cypriot operations is an "excellent outcome" for the consumer electronics retailer.
Canaccord Genuity lowers target price on James Fisher
Analysts at Canaccord Genuity lowered their target price on oilfield service firm James Fisher & Sons from 550. 0p to 425. 0p on Friday as they questioned what makes the stock expensive.
RBC Capital upgrades Antofagasta, says risk/reward improving
RBC Capital Markets upgraded Antofagasta on Friday to ‘sector perform’ from ‘underperform’ and lifted the price target to 1,300p from 1,200p, as it said the risk/reward was improving after recent share price underperformance.
Rightmove faces rising competition from OnTheMarket's new owner, says Citi
Citigroup has reiterated its 'sell' rating and 445p target price for online property platform Rightmove, highlighting rising competition from US group CoStar.
JPMorgan upgrades Smith & Nephew, says recent de-rating ‘overdone’
JPMorgan Cazenove upgraded Smith & Nephew to ‘overweight’ from ‘neutral’ on Friday as it argued the recent de-rating was overdone.