Broker Recommendations
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Deutsche Bank upgrades Pennon to 'hold' from 'sell'
Deutsche Bank upgraded Pennon on Friday to ‘hold’ from ‘sell’ and lifted the price target to 570p from 490p following the "deeply discounted" rights issue earlier this week.
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UBS upgrades Next to ‘buy’, hikes price target
UBS upgraded its stance on Next on Friday to ‘buy’ from ‘neutral’ and lifted the price target to 11,700p from 10,500p.
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Berenberg lowers target price on Endeavour Mining
Analysts at Berenberg lowered their target price on Endeavour Mining from 2,400. 0p to 2,300. 0p on Friday but said yields looked "strong" as gold nears record highs.
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RBC Capital starts food producers Bakkavor, Greencore at 'buy'
RBC Capital Markets initiated coverage of food producers Bakkavor and Greencore on Friday with a ‘buy’ rating.
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Berenberg lowers Adriatic Metals to 'hold'
Analysts at Berenberg downgraded exploration and development firm Adriatic Metals from 'buy' to 'hold' on Thursday and cut its target price on the stock from 220. 0p to 180. 0p following Q4 results from the firm a day earlier.
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Canaccord Genuity hikes Halfords estimates, but keeps at 'hold'
Canaccord Genuity has lifted its target price for auto and bike parts retailer Halfords by 12% following this week's unscheduled profit upgrades, but has kept a neutral stance on the stock, citing an uncertain outlook.
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Berenberg starts Mitie and Serco at ‘buy’
Berenberg initiated coverage of Mitie and Serco on Wednesday with a ‘buy’ rating as it said the outsourcers are "leaders in their fields and often dominate market share".
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Canaccord Genuity raises target price on Wickes
Analysts at Canaccord Genuity raised their target price on home improvement retailer Wickes from 180. 0p to 198. 0p on Wednesday as a "resilient" Q4 performance drove an upgrade to FY24 adjusted pre-tax profits.
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RBC Capital hikes Burberry price target after Q3 update
RBC Capital Markets lifted its price target on Burberry on Tuesday to 1,300p from 1,000p as it upped estimates after the third-quarter trading update.
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Berenberg lowers target price on Renew
Analysts at Berenberg lowered their target price on engineering services firm Renew Holdings from 1,350. 0p to 1,200. 0p on Tuesday following the company’s recent trading update.
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High street sale would remove a reason not to buy WH Smith shares, says RBC
A potential sale of WH Smith’s high street business would remove a reason not to buy the shares and make it a more attractive "pure-play", RBC Capital Markets said in a note on Monday.
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UBS upgrades BAT to 'buy', shares spark
UBS upgraded British American Tobacco on Monday to ‘buy’ from ‘neutral’, hiked the price target to 3,900p from 3,000p and made the stock its ‘top pick’.
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Berenberg lowers target price on Energean
Analysts at Berenberg lowered their target price on exploration and production firm Energean from 1,045. 0p to 940. 0p on Monday following the group's recent FY trading update.
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Sell-off at Inchcape 'hard to justify', says Citi
Last week's sell-off in Inchcape's shares was overdone, according to analysts at Citi, which retained a 'buy' rating on the stock.
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Berenberg slightly raises target price on Quilter
Analysts at Berenberg slightly raised their target price on wealth management firm Quilter from 140. 0p to 145. 0p on Friday following the group's "strongest quarter of the year" for flows.
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Citi downgrades Anglo American to ‘neutral’
Citi downgraded Anglo American on Friday to ‘neutral’ from ‘buy’ and cut the price target to 2,800p from 3,000p as it said that sum of the parts upside appears limited.
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Citi cuts JD Sports to 'neutral'
Citi downgraded its stance on JD Sports on Thursday to ‘neutral’ from ‘buy’ and cut its price target to 95p from 150p as it pointed to a weaker growth outlook.
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Citi upgrades Auto Trader to ‘buy’ from ‘neutral’
Citi upgraded Auto Trader to ‘buy’ from ‘neutral’ on Thursday and lifted the price target to 946p from 881p as it said it was in "pole position to outperform".
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JPMorgan cuts Inchcape to 'neutral', places on 'negative catalyst watch'
Inchcape tumbled on Thursday as JPMorgan Cazenove downgrades shares of the car dealership to ‘neutral’ from ‘overweight’ and slashed the price target to 800p from 1,050p.
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Shore Capital sees major upside at Spectris if targets are hit
Shore Capital has reiterated its 'buy' rating for Spectris after an encouraging update from the precision instruments group on Thursday, saying it sees the potential for a material ratings upgrade.