Broker Recommendations
RBC Capital upgrades Marks & Spencer to 'outperform'
RBC Capital Markets upgraded Marks & Spencer on Monday to ‘outperform’ from ‘sector perform’ and lifted the price target to 300p from 285p.
Citi downgrades Virgin Money to ‘neutral’ after Nationwide offer
Citi downgraded its stance on Virgin Money on Monday to ‘neutral’/high risk from ‘buy’/high risk after the shares surged on news that Nationwide Building Society had offered to buy the group in a £2. 9bn deal.
Citi reinstates 'neutral' rating on BAE Systems
Analysts at Citi reinstated their 'neutral' rating on defence group BAE Systems on Friday, updating its forecasts following the company's acquisition of Ball Aerospace.
Berenberg raises target price on Spirax-Sarco
Analysts at Berenberg raised their target price on manufacturer Spirax-Sarco Engineering from 8,800. 0p to 9,800. 0p on Friday after the group's full-year results came in line with expectations.
Stifel downgrades Spirax-Sarco to 'sell'
Stifel downgraded Spirax-Sarco on Friday to ‘sell’ from ‘hold’ after the company’s results.
Barclays downgrades PZ Cussons, cites too much Nigerian exposure
Barclays downgraded shares of Imperial Leather maker PZ Cussons on Friday to ‘equalweight’ from ‘overweight’ and slashed the price target to 111p from 205p, citing "too much" Nigerian exposure.
Berenberg lowers target price on Travis Perkins
Analysts at Berenberg lowered their target price on builders' merchant and home improvement retailer Travis Perkins from 880. p to 800. 0p on Thursday, stating times were "still tough" for the company.
Numis upgrades Man Group to 'buy'
Numis has lifted its recommendation for investment manager Man Group from 'hold' to 'buy' and hiked its target price from 260p to 315p, saying that the company's decent short-term investment performance "cannot be ignored".
Jefferies upgrades Experian as volumes stabilise, growth accelerates
Jefferies has upgraded its rating on Experian from 'hold' to 'buy' and hiked its target price by nearly 40%, saying that growth is at an inflection point for the data analytics and credit ratings agency.
IAG flies higher after double upgrade to 'overweight' by JPMorgan
BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove double upgraded the shares to ‘overweight’ from ‘underweight’ and lifted the price target to €2. 50 from €1. 45.
Canaccord Genuity raises target price on Clarkson
Analysts at Canaccord Genuity raised their target price on shipping services firm Clarkson from 4,325. 0p to 4,500. 0p on Tuesday after the group delivered a 23% incremental pre-tax profit margin in FY23, lower tax, and a dividend per share of 102. 0p with still sizeable net free cash balances at end of the trading year.
JP Morgan raises target price on Trustpilot
Analysts at JP Morgan raised their target price on review website operator Trustpilot from 190. 0p to 250. 0p on Tuesday, stating earnings momentum looked set to continue as the group transitions into a fast-growing free cashflow generator.
Berenberg lifts target price on Craneware
Analysts at Berenberg lifted their target price on software firm Craneware from 2,300. 0p to 2,600. 0p on Monday, noting that strong momentum had seemingly continued throughout the first half of its trading year.
JP Morgan raises target price on Spectris
Analysts at JP Morgan raised their target price on instrumentation and controls group Spectris from 2,900. 0p to 2,950. 0p on Monday, but noted that the group's full-year results had left it with "little to get excited over".
Jefferies upgrades BP to ‘buy’
Jefferies upgraded BP on Monday to ‘buy’ from ‘hold’ and lifted the price target to 570p from 520p.
Canaccord Genuity raises target price on Hunting
Analysts at Canaccord Genuity hiked their target price on energy supplier Hunting from 400. 0p to 450. 0p on Friday following the publication of the group's full-year results a day earlier.
JP Morgan places Burberry on 'negative catalyst watch'
JP Morgan has added Burberry to its 'negative catalyst watch' list ahead of the British high fashion brand's annual results as the wider luxury sector continues to contend with a major slowdown in growth.
Berenberg downgrades Relx after share price outperformance
Berenberg downgraded Relx to ‘hold’ from ‘buy’ on Friday following the recent share price outperformance.