Broker Tips
BAE Systems rallies as UBS says it will benefit from higher US defence spending
Defence contractor BAE Systems rallied on Wednesday as UBS said the US defence budget blueprint supports US revenue growth acceleration.
Global trade jumps in March thanks to surge in emerging markets
The recent improvement in European business confidence surveys was not just the result of the psychological boost to sentiment from the French elections, UniCredit Research said.
JPMorgan downgrades Go-Ahead, upgrades National Express
JPMorgan Cazenove upgraded National Express to 'overweight' from 'neutral' as it did the opposite to peer Go-Ahead.
Goldman downgrades TalkTalk, says growth priced in
Goldman Sachs downgraded TalkTalk to 'sell' from 'neutral' and cut the price target to 150p from 190p on valuation grounds as it took a look at the UK telecoms sector.
RBC Capital downgrades Homeserve on valuation grounds
Homeserve was under pressure on Wednesday as RBC Capital Markets cut the stock to 'sector perform' from 'outperform', saying the valuation is now prohibitive for new money given the strong run in the share price.
Wednesday broker round-up
Homeserve: RBC downgrades to Sector Perform with a target price of 750p.