Broker Recommendations
Canaccord cuts Jupiter to 'hold', slashes target price by 58%
Canaccord Genuity has downgraded Jupiter Fund Management from 'buy' to 'hold' and more than halved its target price on the stock, saying that rising competitive pressures are exacerbating ongoing market challenges.
Berenberg ups BP target but sees greater upside elsewhere
Berenberg has lifted its target price for oil titan BP after this week's third-quarter results, but kept a 'hold' rating, saying it sees more attractive investments elsewhere in the sector.
Berenberg lowers target price on Asos
Analysts at Berenberg reiterated their 'buy' rating on retailer Asos on Wednesday but lowered their target price on the stock from 760. 0p to 600. 0p even as it said the group was "all geared for growth".
JPMorgan Cazenove downgrades BP to 'underweight'
JPMorgan Cazenove downgraded BP on Wednesday to ‘underweight’ from ‘neutral’ and cut the price target to 550p from 615p.
Goldman cuts Segro to 'sell' on leverage concerns
Shares in Segro were hit on Wednesday after Goldman Sachs downgraded its rating on the UK real estate investment trust from 'neutral' to 'sell', citing "balance sheet constraints".
Citi downgrades Great Portland Estates to ‘sell’
Citi downgraded Great Portland Estates on Wednesday to ‘sell’ from ‘neutral’ as it argued that stock weakness will deepen before long-term value arises.