Broker Recommendations
Deutsche Bank slashes forecasts for Morgan Advanced Materials
Deutsche Bank has lowered its target price for Morgan Advanced Materials (MGAM) from 320p to 295p after the carbon and ceramic materials maker lowered its guidance last week.
Jefferies downgrades Big Yellow and PRS in REIT sector review
Jefferies on Tuesday announced a number of ratings changes to its coverage of the UK real estate investment trust (REIT) sector, downgrading its recommendations for Big Yellow Group and PRS Reit but upgrading its stance on Landsec.
Jefferies downgrades Direct Line to ‘hold’
Jefferies downgraded Direct Line on Tuesday to ‘hold’ from ‘buy’ and cut the price target to 165p from 235p.
Deutsche Bank starts coverage of Trustpilot at 'buy'
Deutsche Bank initiated coverage of review platform Trustpilot on Monday with a ‘buy’ rating and 331p price target.
Berenberg slashes Vistry price target after profit warning
Berenberg slashed its price target on Vistry on Monday to 750p from 1,000p after the housebuilder issued another profit warning last week.
Jefferies upgrades Ceres Power to ‘buy’, hikes price target
Jefferies upgraded Ceres Power on Monday to ‘buy’ from ‘hold’ and lifted the price target to 265p from 190p as it took a look at renewable energy stocks.
JPMorgan hikes Relx price target
JPMorgan Cazenove lifted its price target on Relx on Friday to 4,550p from 4,200p to reflect an acceleration in the Legal and STM (scientific, technical & medical) divisions driven by generative AI.
Deutsche Bank downgrades Greggs and Mitchells & Butlers after budget tax changes
Deutsche Bank has downgraded its ratings for Greggs and Mitchells & Butlers in light of the governments recent changes to employer national insurance contributions, saying that they disproportionately impact a "labour-intensive leisure sector".
Most attractive time in the last decade to buy GPE, says Citi
Citi upgraded its stance on Great Portland Estates on Friday to ‘buy’ as it said it was the most attractive time to buy in the last decade.
Berenberg lowers target price on Auto Trader
Analysts at Berenberg lowered their target price on Auto Trader from 880. 0p to 830. 0p on Friday, stating the group's "noisy" H1 had raised questions.
Deutsche Bank upgrades 3i Group to 'buy'
Deutsche Bank upgraded listed private equity firm 3i Group on Wednesday to ‘buy’ from ‘hold’.
Berenberg lowers Smtih and Nephew to 'hold'
Analysts at Berenberg downgraded medical equipment manufacturing company Smith & Nephew from 'buy' to 'hold' and lowered its target price on the stock from £14. 50 to £10. 50, stating the group's path to recovery was now "less clear".
RBC Capital ups Burberry to ‘outperform’, hikes price target
RBC Capital Markets upgraded Burberry on Wednesday to ‘outperform’ from ‘sector perform’ and hiked the price target to 900p from 650p.
UK water companies rally as Citi, JPM optimistic on outlook
UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat’s Final Determinations next month.
Melrose Industries rallies as Citi remains 'high conviction' in the buy case
Melrose Industries shot higher on Tuesday as Citi said it remains "high conviction" in the ‘buy’ case, given the trough multiple and the strong mid-term cash outlook.
RBC Capital adds 'speculative risk' qualifier to Close Brothers rating
RBC Capital Markets cut its price target on shares of Close Brothers on Tuesday to 425p from 435p and added a "speculative risk" qualifier to its rating as it assessed the impact of premium finance.
Canaccord Genuity lifts Fresnillo price target, downgrades to ‘hold’
Canaccord Genuity downgraded Fresnillo on Monday to ‘hold’ from ‘buy’ as it pointed to a strong run over the past three to six months.
Jefferies cuts Smith & Nephew target but stays optimistic
Jefferies has slashed its target price for medical devices maker Smith & Nephew from 1,400p to 1,250p after challenges in China weighed heavily on third-quarter results.
RBC Capital Markets lowers 3i Group to 'sector perform'
Analysts at RBC Capital Markets downgraded 3i Group from 'outperform' to 'sector perform' on Monday, citing valuation grounds.
RBC Capital ups Frasers Group to ‘outperform’
RBC Capital Markets upgraded Frasers Group on Monday to ‘outperform’ from ‘sector perform’ with a ‘speculative risk’ qualifier.