Broker Tips
Jefferies lowers Brent oil price forecasts, downgrades Ophir Energy, Premier Oil
Analysts at Jefferies revised their medium and long-term price assumptions for Brent oil lower, downgrading shares of Ophir Energy, Soco International and Premier Oil in the process.
Berenberg puts brakes on Auto Trader
Shares in Auto Trader skidded on Wednesday after Berenberg initiated coverage of the stock at 'buy' with a 350p price target.
Broker tips: Halfords, Kingfisher, Rio Tinto, Hikma Pharmaceuticals
With the retail sector's risk profile increasing as the UK discretionary consumer outlook deteriorates, HSBC downgraded and cut the target prices for Dunelm and Halfords, but upgraded Kingfisher to 'buy' due to its transformation plans.
HSBC downgrades Dunelm, Halfords over 'toxic' squeeze on consumer spend
With the retail sector's risk profile increasing as the UK discretionary consumer outlook deteriorates, HSBC downgraded and cut the target prices Dunelm and Halfords, but upgraded Kingfisher to 'buy' due to its transformation plans.
RBC Capital upgrades Rio Tinto to 'top pick'
RBC Capital Markets has upgraded Rio Tinto to 'top pick' from 'outperform', saying the stock is as inexpensive as it's been over the past five years following the recent pullback.
Jefferies downgrades Hikma on generic Advair delays
Hikma Pharmaceuticals was under pressure on Wednesday as Jefferies downgraded the stock to 'underperform' from 'buy' and slashed the price target to 1,450p from 2,162p.