Broker Tips
Bank of America- Merrill Lynch sees FTSE 100 at 7,750 in 12 months
Bank of America-Merrill Lynch thinks demand for commodities and the global cycle will push the FTSE 100 to 7,750 points in 12 months' time.
Morgan Stanley downgrades Berendsen on competition concerns
Berendsen not only needs to invest in property, plant and equipment but is facing increasing competition in the UK, warned Morgan Stanley as it downgraded the stock on Friday.
Broker tips: Drax, Stagecoach, Micro Focus
Drax surged on Friday as Barclays upgraded the stock to ‘overweight’ from ‘equalweight’ and lifted the price target to 410p from 400p saying post-results weakness was unjustified.
HSBC downgrades Stagecoach, positive on National Express
Analysts at HSBC downgraded their recommendation and lowered their target price on shares of Stagecoach, in light of the company's "high levels" of off-balance sheet debt together with continued concerns around its rail franchise and UK bus operations.
Takeover bid from Japan Tobacco on Imperial Tobacco extremely unlikely, Citi says
A takeover bid for Imperial Tobbaco from its Japanese rival, Japan Tobacco was unlikely, analysts at Citi said.
Deutsche Bank starts Micro Focus at 'buy'
Deutsche Bank initiated coverage of Micro Focus International at ‘buy’ with a 2,900p price target.
Drax surges on Barclays upgrade to 'overweight'
Drax surged on Friday as Barclays upgraded the stock to ‘overweight’ from ‘equalweight’ and lifted the price target to 410p from 400p saying post-results weakness was unjustified.