Broker Tips
Deutsche Bank cuts targets on UK aerospace&defence names on pound strength
Analysts at Deutsche Bank trimmed their earnings per share estimates and target prices for UK aerospace and defence names in light of the recent strength in the pound.
CS moves William Hill, Paddy Power to 'neutral' over regulatory risks
Paddy Power Betfair was upgraded and William Hill downgraded as Credit Suisse revised its view of the UK bookmakers due to the regulatory environment.
Broker tips: Bunzl, Cairn Energy, Intertek
Jefferies downgraded its recommendation and target price on Bunzl due to concerns about momentum in the company's core margins and declining returns.
Jefferies downgrades Bunzl, says core legacy margins under pressure
Jefferies downgraded its recommendation and target price on Bunzl due to concerns about momentum in the company's core margins and declining returns.
Bryan Garnier downgrades Worldpay on recent share price run
Bryan Garnier downgraded payments processor Worldpay to ‘sell’ from ‘neutral’, maintaining the fair value at 278p, as it said the stock has run too far and it sees no short-term catalysts.
JP Morgan reiterates overweight stance on euro area equities
Strategists at JP Morgan reiterated their 'overweight' stance on euro area stocks, telling clients that projections for profit growth in 2017 are not as stretched as might seem and recommending that they favour domestic names over exporters in light of expected weakness in the US dollar.
Macquarie raises target price on Cairn Energy, upgrades to 'outperform'
Analysts at Macquarie revised their target price on shares of Cairn Energy higher in anticipation of progress in Senegal and the start of cash flow generation in the North Sea.
Buy British, consumer spending will hold up, Barclays says
Domestically-focused UK stocks are unloved and underpriced, but unjustifiably so, analysts at Barclays Research believe, as they predict that recent outperformance by the group will run further.
Intertek boosted by Kepler upgrade to 'buy'
Intertek got a boost on Monday as Kepler Cheuvreux lifted the stock to ‘buy’ from ‘hold’ and raised the price target to 4,600p from 3,935p ahead of the first-quarter results on 26 May.
Monday broker round-up
JD Wetherspoon: Citigroup downgrades to Neutral with a target price of 1030p.