Broker Tips
Broker tips: Morrisons, Barratt Developments, RPC Group
Credit Suisse bumped up its target price for Morrisons, telling clients that its shares deserved a premium valuation versus those of Tesco and Sainsbury's.
Help to buy scheme 'no longer fit for purpose', says Shore Capital
Analysts at Shore Capital said that there needed to a “winding down” of the Help to Buy scheme in five years’ time or it could be a permanent fixture on the new homes market and that it was “no longer fit for purpose”.
Credit Suisse hails Morrison's positives, but says valuation expensive
Credit Suisse bumped up its target price for Wm Morrison, telling clients that its shares deserved a premium valuation versus those of Tesco and Sainsbury.
HSBC reiterates 'Buy' on Barratt Developments despite Brexit risks
Analysts at HSBC revised their target price on shares of Barratt Developments higher on the back of the company's better than expected margins and as it moved to belatedly clear stock in zones one and two in London.
Berenberg reiterates 'Buy' on RPC, says M&A potential underpriced
Analysts at Berenberg said shares in RPC Group were arguably cheap, giving short shrift to criticism of the company's adjustments to its operating profits, or that it was overpaying for assets, amongst other issues.