Broker Tips
Numis downgrades Greene King on valuation, margin pressure
Greene King shares have outperformed the wider UK stock market over the last three months but amid continued pressure on margins, Numis downgraded its recommendation to 'hold' from 'add'.
Citigroup downgrades BBA Aviation to 'neutral'
BBA Aviation has been downgraded to 'neutral' from 'buy' by Citigroup, with the US bank highlighting recent turbulence in foreign currency markets and a 66% jump in the share price over the past twelve months as reasons to chart a lower flight-path for the stock.
Broker tips: Pearson, BBA Aviation
Deutsche Bank is sounding a somewhat cautious note on the outlook for Pearson until the company provides greater detail on its cost-cutting plans.
BofA ML marks up euro area GDP, expects premature ECB exit
Economists at Bank of America-Merrill Lynch bumped up their growth forecasts for the euro area this year, but a slight slowdown is seen in 2018, with inflation even set to stray even further from the European Central Bank's target amid political challenges in France, Italy and Spain.
Monday broker round-up
BBA Aviation: Citigroup downgrades to Neutral with a target price of 330p.
Deutsche Bank stays at 'Hold' on Pearson awaiting details of cost cuts
Deutsche Bank is sounding a somewhat cautious note on the outlook for Pearson until the company provides greater detail on its cost-cutting plans.
JP Morgan more cautious, downgrades capital goods, lowers overweight on banks
Strategists at JP Morgan expect equity markets to continue to be well-supported over coming weeks but opted to reduce the riskiness, or 'beta', of their portfolio following "dramatic" gains for 'cyclical' stocks in the States and a 29% rise in German stocks over the past twelve months.