Broker Recommendations
JPMorgan moves to ‘overweight’ on Rio Tinto following period of restriction
JPMorgan Cazenove moved to an ‘overweight’ rating on Rio Tinto on Tuesday and 5,920p price target following a period of restriction during which the stock was not rated.
RBC Capital upgrades Anglo American to ‘sector perform’
RBC Capital Markets upgraded Anglo American on Tuesday to ‘sector perform’ from ‘underperform’ and lifted the price target to 2,310p from 2,200p.
Berenberg says ‘buy the dip’ on ‘top pick’ Currys
Berenberg recommended on Monday that investors ‘buy the dip’ in Currys, as it hailed the electricals retailer as a "top pick" for 2025.
RBC Capital upgrades CVS Group to ‘outperform’, shares surge
CVS Group surged on Monday after RBC Capital Markets upgraded the shares to ‘outperform’ from ‘sector perform’ on forthcoming clarity from the Competition and Markets Authority and Australian margins, and hiked the price target to 1,500p from 940p.
UBS upgrades Ashmore to ‘buy’, shares surge
Ashmore surged on Friday after UBS upgraded shares of the emerging markets investment manager to ‘buy’ from ‘neutral’ and lifted the price target 180p from 175p, as it said flow momentum, investor rotations and an attractive valuation lead to a favourable risk-reward.
Melrose Industries ‘presents compelling investment opportunity’, says Citi
Citi reiterated its ‘buy’ rating on Melrose Industries on Friday as it said it "presents a compelling investment opportunity", sending shares in the aerospace manufacturing firm higher.
Berenberg lowers target price on Spire Healthcare following FY24 results
Analysts at Berenberg lowered their target price on Spire Healthcare from 300. 0p to 255. 0p on Friday after the firm reported weaker-than-expected, missing consensus expectations across revenues, as well as adjusted underlying earnings and adjusted EPS.
JPMorgan puts Burberry, Kering on ‘negative catalyst watch’
JPMorgan Cazenove placed Burberry on ‘negative catalyst watch’ on Friday into FY25 results on 19 May.
Berenberg downgrades Synthomer to 'hold', lowers target price
Analysts at Berenberg downgraded speciality chemicals firm Synthomer from 'buy' to 'hold' on Thursday and cut its target price on the stock from 230. 0p to 150. 0p, stating the "margin of safety" was now "too thin".
RBC Capital upgrades Hochschild, downgrades Fresnillo
RBC Capital Markets upgraded Hochschild but downgraded Fresnillo on Thursday as it took a look at European miners, revising its commodity price assumptions.
Barclays downgrades European airlines
Barclays has downgraded Europe’s flag carriers, including the owner of British Airways, on the back of potential weakness in the US market.
Berenberg lowers target price on 4imprint
Analysts at Berenberg slashed their target price on promotional merchandise outfit 4imprint from 7,365. 0p to 6,775. 0p on Wednesday following the group's FY24 results.
JPMorgan puts Trustpilot on ‘positive catalyst watch’ ahead of results
Trustpilot rallied on Wednesday as JPMorgan Cazenove placed the shares on "positive catalyst watch" into results and said that underperformance year-to-date presents a buying opportunity.
Canaccord Genuity drops Capital to 'hold', slashes target price
Analysts at Canaccord Genuity slashed their target price on mining services firm Capital from 130. 0p to 60. 0p on Tuesday and dropped the stock from 'buy' to 'hold' following disappointing FY25 revenue guidance.
Anglo's portfolio shake-up progressing well, says Citi
Citi has renewed its coverage of Anglo American with a 'neutral' rating, saying that the mining giant's portfolio restructuring is progressing well but appears priced into the stock.
Berenberg starts Glencore at ‘buy’, says self-help can drive improved returns
Berenberg initiated coverage of Glencore on Tuesday with a ‘buy’ rating and 380p price target, offering 21% upside, as it said self-help can drive improved returns and a better rating.
Citi upgrades Pennon, sees scope for mean reversion trade
Analysts at Citi upgraded shares of Pennon, telling clients that markets had become unduly pessimistic.
Berenberg reinstates coverage on Team Internet following Verdane's exit
Analysts at Berenberg reinstated coverage on internet services business Team Internet at 'buy' on Monday, albeit at a reduced target price.
Admiral showing no signs of slowdown, says RBC
RBC Capital Markets has hiked its target price for Admiral following the insurer's 2024 results released last week, saying the company showed "no signs of slowing down".
Berenberg raises target price on Reckitt Group
Analysts at Berenberg raised their target price on consumer goods giant Reckitt Group from 5,177. 0p to 5,920. 0p on Friday but warned of "risks on all sides" as 2025 unfolds.