Broker Recommendations
Jefferies cuts targets for THG, but stays upbeat on long-term potential
Jefferies has cut its target price for ecommerce group THG on the back of weaker-than-expected numbers for its Nutrition business, but said it was encouraged by improving momentum within the division going into the second half.
RBC Capital downgrades Compass to ‘sector perform’
RBC Capital Markets downgraded Compass Group on Tuesday to ‘sector perform’ from ‘outperform’ as shares are now trading ahead of its unchanged price target of 2,400p.
JPMorgan upgrades Auction Technology to ‘overweight’
JPMorgan Cazenove upgraded Auction Technology on Tuesday to ‘overweight’ from neutral’ as it argued the shares are overly discounting earnings risk into 2025.
Berenberg lifts JTC price target after Citi Trust deal
Berenberg lifted its price target on JTC on Monday to 1,400p from 1,300p on the back of news it has acquired Citi Trust - the global fiduciary and trust administration services business - from Citigroup for $80m.
RBC Capital lifts Marks & Spencer target price
RBC Capital Markets lifted its price target on Marks & Spencer on Monday to 400p from 350p as it raised estimates on the ‘outperform’ rated stock, pointing to sales momentum and the recent re-rating of the UK food retail sector.
RBC hikes Travis Perkins targets, paints upbeat outlook
RBC Capital Markets has hiked its target price for Travis Perkins by more than a fifth, saying the builders merchant is well positioned ahead of the arrival of a new chief executive and chair-designate.
Citi lifts Tesco forecasts as market share continues to rise
Citi has lifted its target price for Tesco shares ahead of the supermarket giant's interim results next month, saying that the retailer's continued market share gains should be reflected in the figures.
Berenberg hikes target price on Trainline
Analysts at Berenberg raised their target price on digital rail and coach ticketing platform Trainline from 460. 0p to 475. 0p on Thursday following the release of the group's H1 trading update earlier in the morning.
Canaccord downgrades Fisher to 'hold', sees little upside for now
Canaccord Genuity has cut its rating for James Fisher and Sons from 'buy' to 'hold', saying that the marine engineering services group still has a long way to go in its turnaround.
JPMorgan upgrades Rotork to 'overweight'
JPMorgan Cazenove upgraded Rotork on Wednesday to ‘overweight’ from ‘neutral’ and lifted the price target to 370p from 365p.
Berenberg slightly raises target price on Trustpilot
Analysts at Berenberg slightly raised their target price on reviews platform operator Trustpilot from 260. 0p to 270. 0p on Wednesday following the group's interim results earlier in the morning.
Berenberg stays at 'buy' on The Pebble Group
Analysts at Berenberg took a fresh look at the Pebble Group on Tuesday following the group's interim results a day earlier.
Barclays downgrades Asos to ‘underweight’
Barclays downgraded Asos to ‘underweight’ from ‘equalweight’ and cut the price target to 290p from 300p as it said the online fashion retailer was no longer just a refinancing story.
Jefferies upgrades Rightmove, says offer from REA Group 'probable'
Jefferies upgraded Rightmove on Monday to ‘hold’ from ‘underperform’ and lifted the price target to 720p from 450p as it said an offer was "probable" after Australia’s REA Group confirmed it was considering a possible cash and share offer for the property portal.
Burberry, Kering slump on Barclays downgrades
Luxury brands Burberry and Kering slumped on Monday as Barclays downgraded its stance on the shares to ‘underweight’ from ‘equalweight’ on structural concerns related to China.
Morgan Stanley initiates Melrose Industries at ‘equalweight’
Morgan Stanley initiated coverage of Melrose Industries on Friday at ‘equalweight’ with a 500 price target.
Canaccord Genuity raises target price on Zephyr Energy following 36-2R test results
Analysts at Canaccord Genuity raised their target price on exploration and production firm Zephyr Energy from 14. 0p to 16. 0p on Friday following the publication of the group's hotly-anticipated 36-2R production test results.
Berenberg lowers target price on Entain
Analysts at Berenberg lowered their target price on bookmaker Entain from 1,140. 0p to 1,020. 0p on Friday, stating that the group was not yet "out of the woods".
RBC Capital Markets hikes target price on Ecora Resources
RBC Capital Markets raised its target price on royalty and streaming company Ecora Resources from 100. 0p to 120. 0p on Thursday following the group's results call a day earlier.
Stifel downgrades DS Smith to ‘hold’ from ‘buy’
Stifel downgraded DS Smith on Wednesday to ‘hold’ from ‘buy’ and cut the price target to 480p from 498p as it said the company’s near-term earnings are under pressure.