Broker Recommendations
RBC Capital upgrades United Utilities, downgrades Pennon
RBC Capital Markets upgraded its stance on United Utilities on Wednesday, but downgraded Pennon as it took a look at UK water stocks.
Berenberg slashes forecasts for Vistry after profit warning
Berenberg has slashed its target price for Vistry by more than a quarter after an unscheduled trading update and profit warning from the housebuilder this week.
JPMorgan expects 'muted trends' from Q3 luxury earnings season
Burberry's stock was out of favour on Tuesday as demand concerns were weighing on the wider European luxury sector, with earlier optimism surrounding stimulus measures from China quickly fading.
Berenberg lowers target price on Impax Asset Management
Analysts at Berenberg lowered their target price on Impax Asset Management from 620. 0p to 560. 0p on Tuesday but noted that outflows had started to slow.
Shore Capital keeps Wetherspoon at 'hold' due to lofty valuation
Strong profit growth and the reinstatement of a dividend at JD Wetherspoons weren't enough to sway Shore Capital from changing its 'hold' rating on the stock on Friday.
Canaccord Genuity lowers target price on Wynnstay
Analysts at Canaccord Genuity lowered their target price on agricultural business Wynnstay from 520. 0p to 470. 0p on Friday, stating the group was "battling through adversity".
Stifel cuts Burberry price target, sales forecasts
Burberry was under the cosh on Thursday as Stifel cut its price target on the shares to 720p from 800p and reduced its FY25 and FY26 sales forecasts by 8% and 10%, respectively.
Jefferies downgrades Aston Martin to ‘hold’
Jefferies downgraded its stance on Aston Martin Lagonda on Thursday to ‘hold’ from ‘buy’ and cut the price target to 120p from 250p as it said it struggles to see a scenario that does not require new equity.
Berenberg lowers target price on Johnson Matthey
Analysts at Berenberg lowered their target on chemicals firm Johnson Matthey from 1,800. 0p to 1,650. 0p on Thursday but acknowledged management has avoided missteps and "righted the ship" following the announcement of the company's exit from battery materials.
Berenberg upgrades Rio Tinto to 'buy'
Berenberg has lifted its recommendation on Rio Tinto rom 'hold' to 'buy' and hiked its target price from 5,600p to 6,200p, saying the stock will be a winner among diversified mining peers over the medium term.
Berenberg hikes Asos target price by 22%
Berenberg has hiked its target price for fast fashion retailer Asos by more than a fifth, saying the ecommerce group has the time and scope for a successful turnaround.