Broker Recommendations
Citi hails positive impact of banking disposal at Tesco
Citi has renewed its rating on supermarket giant Tesco with a 'buy', hailing the positive impact of last week's £600m disposal of most of its retail banking business to Barclays.
Barclays sees "compelling" entry point at AstraZeneca after recent falls
Barclays has kept an 'overweight' position on AstraZeneca despite the biopharma group's disappointing annual results last week, saying that the stock's recent underperformance provides an attractive entry point for investors.
RBC sees upside risk to Q4 results at Smith & Nephew
RBC Capital Markets has reiterated its 'outperform' rating on Smith & Nephew ahead of the medical devices giant's fourth-quarter results later this month, saying it sees upside risk to current estimates.
JPMorgan reiterates ‘underweight’ on Ashmore, says re-rating has gone too far
JPMorgan Cazenove nudged down its price target on Ashmore on Monday and reiterated its ‘underweight’ rating as it argued that the re-rating has gone too far.
Berenberg initiates coverage on Kier and Keller at 'buy'
Analysts at Berenberg initiated coverage on construction groups Keller and Kier on Friday, taking a positive stance on both stocks.
Deutsche Bank sees more upside at Unilever after strong annual results
Deutsche Bank has kept a 'buy' rating for consumer products group Unilever, saying that while risks remain there is still earnings growth potential within the group after a solid 2023 performance.
Barclays adds scale, income and profits with Tesco Bank deal, says Shore Capital
Shore Capital has reiterated a 'buy' recommendation on Barclays after its deal to takeover Tesco Personal Finance for £600m, saying that the stock should double from current levels.
Citi puts Legal & General on ‘negative catalyst watch’ ahead of results
Legal & General was under the cosh on Friday as Citi cut its 2023 earnings per share estimates and opened a 30-day ‘negative catalyst watch’ on the shares ahead of full-year results on 6 March.
Canaccord Genuity stays at 'buy' on System1 following CMD event
Analysts at Canaccord Genuity reiterated their 'buy' rating and 450. 0p target price on software firm System1 on Thursday following the group's capital markets day event earlier in the week.
Shore Capital sees upside risk at Compass after strong Q1
Shore Capital has reiterated its 'buy' rating on Compass Group after a first-quarter trading update from the catering giant on Thursday, saying trading is tracking ahead of full-year assumptions.
Babcock shoots higher as JPMorgan lifts price target, EPS estimates
Babcock shot higher on Thursday as JPMorgan Cazenove lifted its price target on the shares to 630p from 610p and upped its earnings per share estimates following the company’s capital markets day.
Canaccord Genuity lowers target price on Deltic Energy
Analysts at Canaccord Genuity lowered their target price on exploration and development firm Deltic Energy from 185. 0p to 160. 0p on Wednesday following the recent farm-out of 25% of UK licence P2437.
Berenberg stays at 'buy' on Mattioli Woods
Analysts at Berenberg reiterated their 'buy' rating and 870. 0p target price on wealth management firm Mattioli Woods on Wednesday following the group's "solid" interim results a day earlier.
HSBC upgrades Sainsbury’s to ‘buy’
HSBC upgraded Sainsbury’s to ‘buy’ from ‘hold’ on Tuesday and lifted the price target to 310p from 300p as it took a look at European food retail.
Berenberg starts recruiter SThree at ‘buy’
Berenberg initiated coverage of recruiter SThree on Tuesday with a ‘buy’ rating and 550p price target, which offers around 30% upside.
Jefferies names Flutter as top gaming pick
Jefferies has named Flutter Entertainment as its top UK pick in the European gaming sector but has also named London-listed peers 888 Holdings, Entain and Playtech as 'buys'.
Barclays downgrades Entain to 'equalweight'
Barclays downgraded Entain on Tuesday to ‘equalweight’ from ‘overweight’ and cut the price target to 1,070p from 1,120p, as it said "the recovery is not straightforward".
Morgan Stanley upgrades Landsec to ‘overweight’
Morgan Stanley upgraded its stance on Land Securities to ‘overweight’ from ‘equalweight’ on Monday and reiterated its ‘overweight’ rating on British Land as it pointed to stabilising property yields.
JPM puts Kingfisher on 'negative catalyst watch', cuts price target
JPMorgan Cazenove cut its price target on Kingfisher on Monday to 180p from 190p as it placed the shares on ‘negative catalyst watch’ ahead of full-year results on 25 March.
Barclays upgrades easyJet, Wizz Air
Barclays upgraded Wizz Air and easyJet on Friday as it cited "positive prospects" for European low-cost carriers.