Broker Recommendations
Berenberg lifts target price for M&G but keeps 'hold'
Berenberg has hiked its target price for life insurance group M&G from 208p to 225p after updating its estimates for the IFRS 17 accounting adjustments.
Berenberg lowers Admiral to 'hold'
Analyst at Berenberg downgraded insurance group Admiral from 'buy' to 'hold' on Thursday but raised its target price on the stock from 2,543. 0p to 2,961. 0p, stating it was now "pausing for breath".
Shore Capital reiterates 'buy' on Frasers after Matchesfashion purchase
Shore Capital has reiterated its 'buy' recommendation on Frasers Group after the retail conglomerate purchased loss-making fast fashion group Matches this week.
Exane BNP upgrades Intertek to ‘outperform’
Exane BNP Paribas upgraded Intertek on Wednesday to ‘outperform’ from ‘underperform’, saying it sees 20% upside from a re-rating as the market prices in stronger mid-term earnings per share growth.
Berenberg raises target price on BAE Systems
Analyst at Berenberg raised their target price on aerospace and defence firm BAE Systems from 1,170. 0p to 1,220. 0p on Wednesday, stating the group was primed for "another good year".
Canaccord upgrades Future to 'hold' on GoCompare strength
Canaccord Genuity has upgraded its rating for multimedia group Future Plc from 'sell' to 'hold', saying that downside risks "look limited for now".
Berenberg lowers target price on John Wood Group
Analysts at Berenberg lowered their target price on engineering and consulting business John Wood Group from 200. 0p to 180. 0p on Tuesday, noting it still sees opportunities elsewhere in the sector.
Canaccord Genuity lowers target price on Star Energy
Analysts at Canaccord Genuity lowered their target price on exploration and production company Star Energy from 73. 0p to 65. 0p on Monday but stood by their 'buy' rating on the stock following recent updates.
RBC says Bunzl shares are overvalued, keeps at 'underperform'
Bunzl's recent share-price rebound means the stock is "too expensive", according to RBC Capital Markets which reiterated an 'underperform' position on the distribution company on Monday.
Berenberg nudges up target price on Currys following interims
Analysts at Berenberg nudged up their target price on electrical retailer Currys from 62. 0p to 64. 0p on Friday, stating cost control had delivered margin progression.
JP Morgan lists London Stock Exchange among top financial picks
JP Morgan has listed the London Stock Exchange Group (LSEG) as one of its top picks in the European diversified financials sector heading into 2024.
RBC Capital lifts Serco price target after update
RBC Capital Markets lifted its price target on Serco on Friday to 200p from 190p after the company’s pre-close trading update and acquisition announcement a day earlier.
Ocado shares jump but Goldman sees little upside
Ocado's share price surged on Thursday to a three-month high, but analysts at Goldman Sachs don't see much upside from here on in, as the bank slashed its target price for the stock by nearly a quarter.
JP Morgan upgrades Compass and Marston's to 'overweight'
JP Morgan has upgraded its ratings for both catering giant Compass Group and pub and hotel operator Marston's after its latest review of the Europe-listed leisure sector.
Canaccord Genuity initiates coverage on Hochschild Mining at 'buy'
Analysts at Canaccord Genuity initiated coverage on silver and gold miner Hochschild Mining at 'buy' with a 145. 0p target price on Thursday, stating its Mara Rosa project was a "potential catalyst for turnaround".
Deutsche Bank bullish on CRH's US potential
CRH shares were given a lift on Wednesday by analysts at Deutsche Bank who reiterated their 'buy' rating on the building materials giant, citing "powerful long-term stimulus".
RBC Capital upgrades Paragon Banking Group
RBC Capital Markets upgraded Paragon Banking Group on Wednesday to ‘outperform’ from ‘sector perform’ and hiked the price target to 850p from 700p.
WPP hit by downgrade from JP Morgan
Advertising and media group WPP's share price was being weighed down on Wednesday with a ratings cut by JP Morgan from 'overweight' to 'neutral'.
Royal Mail parent IDS surges on BofA Merrill Lynch upgrade
Royal Mail parent International Distribution Services surged on Tuesday after Bank of America Merrill Lynch upgraded the shares to ‘buy’ from ‘neutral’.
JPMorgan upgrades Rio Tinto to ‘overweight’
JPMorgan Cazenove upgraded Rio Tinto on Tuesday as it took a look at metals and mining stocks.