Broker Tips
Deutsche Bank sees pull-back ahead for European equities, overweights UK
European equities might be ripe for a pull-back, strategists at Deutsche Bank said, as economic growth stops accelerating.
Broker tips: Pearson, housebuilders, transport operators, The Gym Group
Pearson shares were downgraded by Exane BNP Paribas after an "unwarranted" rebound in the face of fresh concerns over the group's ability to return to growth in North America this decade.
Morgan Stanley keeps the faith in BP and Shell
Morgan Stanley kept the faith in European Energy stocks, telling clients their earnings growth was set to beat that of all other sectors over the coming three years - even under its worst assumptions for the oil price.
Thursday broker round-up
Pearson: Exane BNP Paribas downgrades to Underperform with a target price of 550p.
Exane downgrades Pearson on US school concerns
Pearson shares were downgraded by Exane BNP Paribas after an "unwarranted" rebound in the face of fresh concerns over the group's ability to return to growth in North America this decade.
Liberum cuts Stagecoach and upgrades Go-Ahead on bus valuation
Shares in Southern Rail owner Go-Ahead Group were lifted, while those in Stagecoach slipped lower on Thursday as broker Liberum shifted its stance on UK public transport operators.
JP Morgan upgrades Countryside, Redrow as it reviews UK housebuilders
JP Morgan Cazenove adjusted ratings on a number of UK housebuilders on Thursday, noting a solid performance from the sector year-to-date, on a combination of earnings guidance upgrades, confident commentary from companies, improved housing market data, and a benign white paper.
Barclays upgrades The Gym Group on attractive growth prospects
Shares in The Gym Group gained on Thursday as analysts at Barclays upgraded the “fastest growing stock” in its coverage.