Broker Recommendations
Barclays upgrades DS Smith to ‘overweight’
Barclays upgraded DS Smith on Monday to ‘overweight’ from ‘equalweight’ and lifted the price target to 360p from 310p.
JP Morgan upgrades Rolls-Royce to 'overweight'
JP Morgan has upgraded its rating for aerospace engineer Rolls-Royce from 'neutral' to 'overweight' and hiked its target price for the stock from 235p to 400p.
UBS upgrades Anglo American, Antofagasta to 'buy'
UBS upgraded its stance on miners Anglo American and Antofagasta on Friday to ‘buy’ from ‘neutral'.
Spirax-Sarco shares have further to fall, says RBC
RBC Capital Markets has slashed its target price for Spirax-Sarco Engineering from 9,000p to 8,000p and reiterated an 'underperform' rating on the stock, saying the valuation still isn't cheap despite its underperformance this year.
Berenberg places Petrofac 'under review'
Analysts at Berenberg placed oil and gas business Petrofac 'under review' on Friday, stating the group was now "precariously positioned".
JPMorgan downgrades Tesco to 'underweight'
JPMorgan Cazenove downgraded Tesco on Friday to ‘underweight’ from ‘neutral’ and cut the price target to 230p from 240p as it took a look at the European food retail sector, highlighting its cautious stance.