Broker Recommendations
Berenberg lowers target price on Mattioli Woods
Analysts at Berenberg lowered their target price on wealth management company Mattiolii Woods from 970. 0p to 870. 0p on Monday but acknowledged the group had delivered a "resilient performance" in a "challenging market".
Zantac fallout unfairly weighing on GSK, says Shore Capital
Shore Capital has raised its target price and maintained a positive stance on biopharma giant GSK, saying that worries about the potential cost of Zantac litigation are unfairly weighing on the stock.
Berenberg lowers target price on Synthomer
Analysts at Berenberg lowered their target price on chemicals business Synthomer from 400. 0p to 320. 0p on Friday as it lowered its operating profit expectations for 2023-25.
RBC Capital downgrades Ceres Power on stalling momentum
RBC Capital Markets downgraded Ceres Power on Friday to ‘underperform’ from ‘sector perform’ and slashed the price target to 150p from 600p on stalling momentum.
RBC sees upside risk at GCP Infrastructure, rates 'outperform'
RBC Capital Markets sees nearly 30% upside at GCP Infrastructure, saying the stock is "cheap and catalyst rich".
WPP slumps after double downgrade to 'sell' by UBS
WPP slumped on Thursday after UBS double downgraded the shares to ‘sell’ and slashed the price target to 700p from 1,200p, saying that 2024 was set to be another challenging year.
BofA Merrill Lynch ups easyJet to ‘buy’ on European capacity constraints
Bank of America Merrill Lynch upgraded easyJet on Thursday to ‘buy’ from ‘underperform’ and lifted the price target to 640p from 470p on European capacity constraints.
Berenberg starts British Land and Land Securities at 'buy'
Analysts at Berenberg initiated coverage on real estate businesses British Land and Land Securities with 'buy' ratings on Thursday and noted that the groups were still seen as proxies for the UK real estate sector.
Numis upgrades JD Wetherspoons on strong Christmas trading
Shares in pub owner JD Wetherspoon were rising on Thursday on the back of positive comments from Numis, which upgraded its rating on the stock from 'reduce' to 'buy' after factoring in the company's recent improvement in trading.
Entain's share-price weakness overdone, says Citi
Citi has resumed coverage of Entain with a 'buy' rating, saying it see upside potential from the gambling group's US operations.
RBC Capital upgrades Antofagasta to 'outperform'
RBC Capital Markets upgraded its stance on Chilean copper miner Antofagasta on Thursday to ‘outperform’ from ‘sector perform’ and hiked the price target to 1,800p from 1,300p.
Berenberg initiates coverage on Wise at 'buy'
Analysts at Berenberg initiated coverage of software firm Wise with a 'buy' rating and a 1,140. 0p price target on Wednesday, stating the firm was "widening the moat".
Numis upgrades Babcock to ‘buy’, cites brighter outlook
Numis upgraded Babcock on Wednesday to ‘buy’ from ‘hold’ and hiked the price target to 530p from 325p, citing "a brighter outlook, healthy order intake, achievable targets and still relatively undemanding valuation".
RBC Capital upgrades Intertek, hikes price target
RBC Capital Markets upgraded Intertek on Wednesday to ‘outperform’ from ‘sector perform’ and hiked the price target to 4,700p from 3,900p, making the stock its preferred pick in the testing, inspection and certification space.
RBC sees no upside at Capita, cuts to 'sector perform'
Shares in business process outsourcing provider Capita dropped sharply on Wednesday after analysts at RBC Capital Markets downgraded their rating on the stock, citing a lack of short-term catalysts.
Canaccord Genuity lowers target price on Marks Electrical
Analysts at Canaccord Genuity lowered their target price on online retailer Marks Electrical from 123. 0p to 100. 0p on Wednesday, citing short-term product margin pressure.
Jefferies sees upside at Rentokil after recent share-price plunge
Jefferies has trimmed its target price for Rentokil Initial but still sees upside following the sharp fall in the stock over the past few months, saying it still sees a "favourable risk-reward despite near-term uncertainty".
Numis stays positive on UK domestic banks as rate forecasts ease
Numis Securities said it remains optimistic over the outlook for UK domestic banks, saying that lenders should be able to meet forecasts even as interest rates start to come down.
Berenberg stays at 'buy' on YouGov following CPS acquisition
Analysts at Berenberg reiterated their 'buy' rating and 1,350. 0p target price on market research and data analytics firm YouGov on Tuesday following its acquisition of the Consumer Panel Services business of GfK.
Barclays still a top pick after reported job cuts, says Shore Capital
Shore Capital has reiterated its 'buy' rating on Barclays after reports emerged that the bank is in the process of cutting around 5,000 jobs.