Broker Recommendations
Canaccord Genuity nudges up target price on Gaming Realms
Analysts at Canaccord Genuity raised their target price on 'buy' rated software publisher Gaming Realms from 50. 0p to 57. 0p on Monday, stating it was "well-placed" for FY25 following "another record year".
Berenberg hikes target price on Next
Analysts at Berenberg hiked their target price on retailer Next from 12,600. 0p to 13,400. 0p on Friday, noting the stock appeared to be in "a mid-market sweet spot".
RBC Capital cuts Burberry price target
RBC Capital Markets cut its price target on Burberry on Friday to 1,200p from 1,300p as it reduced FY26 EBIT estimates.
Citi reiterates ‘buy’ on B&M, says de-rating overdone
Citi reiterated its ‘buy’ rating on B&M European Value Retail on Friday as it said the stock’s de-rating was overdone.
KBW reiterates 'outperform' rating on Close Brothers
Analysts at Keefe, Bruyette & Woods reiterated their 'outperform' rating and 430. 0p target price on merchant banker Close Brothers on Thursday after chief executive Mike Morgan delivered "an excellent presentation" to its sales force.
Canaccord Genuity initiates coverage on Microlise at 'buy'
Analysts at Canaccord Genuity initiated coverage on transportation and logistics industry software provider Microlise at 'buy' on Thursday, stating the group was "ready to hit the accelerator".
Deutsche Bank downgrades Wetherspoons to ‘sell’
Deutsche Bank downgraded its stance on shares of pub group JD Wetherspoon to ‘sell’ from ‘neutral’ on Wednesday, slashing the price target to 450p from 600p following interim results.
JPMorgan upgrades Ocado to 'overweight', shares surge
Ocado surged on Wednesday after JPMorgan Cazenove upgraded the shares to ‘overweight’ from ‘neutral’ and lifted the price target to 400p from 340p.
Citi cuts Qinetiq price target, maintains ‘buy’
Citi cut its price target on Qinetiq on Wednesday to 510p from 530p as it said near-term uncertainty was an overhang but long-term value remains.
JPMorgan cuts European banks ‘overweight’ against US banks to ‘neutral’
JPMorgan Cazenove said on Tuesday that it was remaining positive on European banks, moving from ‘overweight’ Europe versus US banks to ‘neutral’, considering the discount of just 16% for Europe to US banks today.
JPMorgan upgrades mining & metals sector to ‘overweight’
JPMorgan upgraded the global mining and metals sector to ‘overweight’ from ‘underweight’ on Monday, as it said that Rio Tinto, Antofagasta, Fresnillo & SSAB are its European key ‘overweights’.
RBC Capital upgrades Capita to ‘outperform’
RBC Capital Markets upgraded Capita on Monday to ‘outperform’ form ‘sector perform’ and lifted the price target to 2,000p from 1,700p as it said the risk/reward was now in favour.
Shore Capital upgrades ASOS on H1 profit beat
Shore Capital has upgraded ASOS from 'hold' to 'buy' after first-half earnings came in ahead of forecasts on Friday.
RBC Capital upgrades Crest Nicholson to ‘outperform’, lifts price target
RBC Capital Markets upgraded Crest Nicholson on Friday to ‘outperform’ from ‘sector perform’ and hiked the price target to 230p from 180p after the housebuilder's capital markets day on Thursday.
BofA stays at 'buy' on Prudential
Analysts at Bank of America reiterated their 'buy' recommendation for shares of Prudential on the back of the insurance and wealth management outfit's latest results.
RBC Capital reiterates ‘outperform’ on Schroders, hikes price target
RBC Capital Markets reiterated its ‘outperform’ rating on Schroders on Thursday and hiked its price target to 475p from 395p as it lifted its adjusted operating earnings estimates by 1%/6%/9% over FY25/26/27, updating the FY24 results and strategy evolution.
BNP Exane downgrades Compass Group, shares slide
Compass Group slumped on Wednesday after BNP Paribas Exane downgraded shares of the catering firm to ‘underperform’ from ‘outperform’.
Citi upgrades Bridgepoint to 'buy'
Bridgepoint gained on Wednesday after an upgrade to ‘buy’ from ‘neutral’ at Citi, which said the risk-reward looks attractive following recent underperformance.
Berenberg slashes QinetiQ price target, reiterates ‘buy’ rating
Berenberg slashed its price target on QinetiQ on Wednesday to 500p from 610p to reflect lowered estimates, but reiterated its ‘buy’ rating.
QinetiQ needs to 'rebuild trust' after profit warning, says Shore Capital
Shore Capital on Tuesday cut its recommendation for QinetiQ from 'buy' to 'hold' following a profit warning from the UK defence contractor on Monday.