Broker Recommendations
Deliveroo still a 'sell' despite solid Q1, says Shore Capital
Food delivery platform Deliveroo impressed the market with forecast-beating first-quarter numbers on Thursday, but they weren't enough for Shore Capital to change its 'sell' rating on the stock.
Berenberg initiates coverage of W7 owner Warpaint at ‘buy’
Berenberg initiated coverage of Warpaint on Thursday with a ‘buy’ rating and 550p price target as it said the company’s highly cash-generative business model and debt-free balance sheet support strong top-line growth.
HSBC starts Haleon at 'buy'
HSBC initiated coverage of Haleon on Thursday with a ‘buy’ rating and 370p price target as it took a look at consumer health stocks, saying the company stands out for its portfolio strength, the quality of its execution and better potential for exploiting new growth avenues.
Berenberg lowers target price on Asos
Over at Berenberg, analysts lowed their target price on fast fashion retailer Asos from 510. 0p to 490. 0p on Wednesday as it lowered its gross margin assumptions to reflect the negative impact of discounting during the first half of the fiscal year.
Canaccord Genuity raises target price on AO World
Analysts at Canaccord Genuity raised their target price on electrical retailer AO World from 52. 0p to 75. 0p on Wednesday after the group's trading update last week led the broker to adjust its FY24-26 estimates.
Berenberg lowers target price on Kainos
Analysts at Berenberg lowered their target price on software company Kainos from 1,315. 0p to 1,260. 0p on Tuesday following the group's full-year trading update on 15 April.
Berenberg stays at 'buy' on Yellow Cake on tight supplies and supply risk
Analysts at Berenberg stood by their 'buy' recommendation for shares of Yellow Cake, the uranium oxide concentrate holding company, following a fireside chat with its boss, Andre Liebenberg.
Everyman's growth trajectory on track, says Canaccord Genuity
Everyman Media is "well positioned for future success", according to Canaccord Genuity, which reiterated a 'buy' rating on the company following its 2023 results on Tuesday.
Berenberg stays at 'buy' on CeresPower, target price kept at 800p
Analysts at Berenberg kept their recommendation for shares of Ceres Power at 'buy' following the company's full-year results.
Canaccord Genuity initiates coverage on Atome at 'speculative buy'
Analysts at Canaccord Genuity initiated coverage on Atome with a 'speculative buy' rating and 130. 0p target price on Monday, stating the company's choice to focus on finished ammonia fertiliser manufacture was "advantaged".
JPMorgan 'repositioning for a recovery' as it upgrades host of housebuilders
JPMorgan Cazenove upgraded a host of names in the housebuilding sector on Friday as it said it was "repositioning for a recovery".
RBC Capital Markets initiates coverage on Jet2 at 'outperform'
Analysts at RBC Capital Markets initiated coverage on tour operator Jet2 at 'outperform' on Friday, citing shareholder upside from a customer-first proposition.
BAE Systems 'still riding high', says Deutsche Bank
Deutsche Bank has hiked its target price for BAE Systems and maintained a 'buy' rating on the aerospace and defence stock, saying that recent growth momentum is likely to continue.
RBC Capital upgrades Taylor Wimpey, downgrades Berkeley
RBC Capital Markets upgraded Taylor Wimpey on Friday but downgraded Berkeley as it took a look at the two UK housebuilders.
Berenberg hikes target price on Darktrace following Q3 results
Analysts at Berenberg raised their target price on software and services firm Darktrace from 600. 0p to 630. 0p on Thursday after the group's third-quarter results earlier this morning demonstrated a continuation of "strong momentum" seen in Q2.
JPMorgan upgrades Marks & Spencer to ‘overweight’
JPMorgan Cazenove upgraded Marks & Spencer on Thursday to ‘overweight’ from ‘neutral’ and lifted the price target to 330p from 260p as it took a look at European general retail.
Barclays downgrades asset managers Jupiter and Liontrust
Barclays has downgraded its ratings of asset managers Jupiter and Liontrust, saying flows for firms UK and European are still underwhelming despite markets performing well.
HSBC upgrades Kingfisher to 'buy'
HSBC upgraded B&Q and Castorama owner Kingfisher on Thursday to ‘buy’ from ‘hold’ and lifted the price target to 305p from 235p.
RS Group well-positioned for market recovery, says Numis
Numis has cut its estimates for industrial and electrical products maker RS Group but kept a 'buy' rating, saying that the company is well placed to benefit from gradually improving macro conditions.
Canaccord Genuity raises target price on Spirent Communications
Analysts at Canaccord Genuity raised their target price on telecommunications testing company Spirent Communications from 175. 5p to 199. 0p on Wednesday following Keysight's recent cash offer.