Broker Recommendations
Jefferies ups ratings on Elementis, XP Power and Spirax-Sarco
Jefferies has adjusted its ratings on stocks across in a review of the UK-listed capital goods sector, which included upgrades of Elementis, XP Power and Spirax-Sarco Engineering.
RBC Capital Markets nudges down Alliance Pharma price target
RBC Capital Markets nudged its price target on Alliance Pharma down to 60p from 65p on Wednesday as it said it was rebasing its forecasts as trading normalises.
Citi lifts price target for Antofagasta after Centinela expansion
Citi has raised its target price for Antofagasta and reiterated an 'buy' rating after the copper miner approved a $4. 4bn expansion of its Centinela mine in Chile.
ATG, Moneysupermarket and Trainline on Berenberg's M&A watchlist
Berenberg has highlighted Auction Technology Group (ATG), Moneysupermarket. com and Trainline as potential M&A candidates as part of its review of the UK-listed technology, media, and telecom (TMT) sector.
Berenberg reinitiates coverage of Kainos at ‘buy’, shares jump
Software company Kainos jumped on Tuesday as Berenberg re-initiated coverage of the shares with a ‘buy’ rating and 1,315p price target, citing an attractive entry point.
JPMorgan hikes Ashtead price target, reiterates ‘overweight’
JPMorgan Cazenove reiterated its ‘overweight’ rating on Ashtead on Tuesday and hiked its price target to 6,800p from 5,600p as it argued the risk/reward is now attractive.
Jefferies upgrades Intertek to ‘buy’
Jefferies upgraded testing, inspection and certification group Intertek on Monday to ‘buy’ from ‘hold’ and hiked the price target to 5,300p from 4,300p.
RBC Capital downgrades B&Q and Castorama owner Kingfisher
RBC Capital Markets downgraded B&Q and Castorama owner Kingfisher on Monday to ‘sector perform’ from ‘outperform’.
Outlook finally improving for IMI and Rotork, says Berenberg
Berenberg has upgraded its rating for engineering group IMI from 'hold' to 'buy', but has named peer Rotork as its top pick in the sector.
JPMorgan Cazenove cuts Tesco, Sainsbury's price targets
Tesco and Sainsbury’s were in the red on Friday after JPMorgan Cazenove cut its price targets on the shares, saying it remains cautious on the UK grocery space fundamentally, which based on its investor feedback "appears still to be a contrarian stance".
Citi hikes target price for GSK but stays 'neutral'
Shares in biopharma giant GSK were rising on Friday, helped by forecast upgrades from Citi, which raised its target price on the stock from 1,535p to 1,700p.
JPMorgan turns more positive on Direct Line and Admiral
Shares in UK motor insurers Direct Line Group and Admiral were rising on Thursday after positive comments from JPMorgan, which said that a sector recovery is imminent and that investor concerns about regulatory intervention are overdone.
Berenberg stays at 'sell' on Rolls Royce due to medium-term risks
Analysts at Berenberg kept their recommendation for shares of engineer Rolls Royce at 'sell' following its analysis of current positioning in the company's shares among long-only and hedge fund investors.
RBC Capital lifts easyJet price target after Q1 update
RBC Capital Markets hiked its price target on easyJet to 540p from 500p on Thursday and lifted estimates after the budget airline’s first-quarter update a day earlier.
JPMorgan puts Haleon on negative catalyst watch
JPMorgan has placed consumer health company Haleon on negative catalyst watch ahead of its annual report next month, saying volume and earnings risks will weigh on the stock's rating.
Numis starts Greggs at ‘hold’, says growth is ‘baked in’
Numis initiated coverage of Greggs on Wednesday with a ‘hold’ rating and 2,560p price target as it said growth was "baked in".
Berenberg downgrades Victrex to 'hold' from 'buy'
Berenberg downgraded Victrex on Tuesday to ‘hold’ from ‘buy’ as it said the company’s performance in industrial-exposed sectors could remain subdued for longer than it previously expected.
JPMorgan reiterates ‘overweight’ rating on Prudential
JPMorgan Cazenove reiterated its ‘overweight’ rating on Prudential on Tuesday as it said concerns about the stock reflect fear rather than fundamentals.
Barclays downgrades Sage Group to ‘underweight’
Barclays downgraded Sage Group on Monday to ‘underweight’ from ‘equalweight’ and cut the price target to 985p from 1,050p.
Citi upgrades Segro to ‘buy’ from ‘neutral’
Citi upgraded Segro on Monday to ‘buy’ from ‘neutral’, saying it estimates that as rates decline, the risk to its previous estimates of deep recession rent declines reverses and it now expects growth.