Broker Tips
Smart home market 'worth billions' to energy companies, but beware blockchain
In their battle against price caps and as they search for new areas of growth, energy companies could be on the verge of tapping into a huge source of new revenue by accessing the 'smart home' market.
HSBC cuts short-term forecasts for Brent, but still sees higher prices ahead
HSBC cut its short-term forecasts for the price of oil even as it cautioned that it still expected to see a "significant" tightening in the market and higher prices over the medium-term.
Broker tips: Wolseley, Tate&Lyle, Bovis Homes
JPMorgan Cazenove upgraded building materials distributor Wolseley to 'overweight' from 'neutral' and lifted the price target to 5,600p from 4,960p pointing to scope for US earnings upside and a structural case for multiple expansion.
Deutsche Bank upgrades Bovis Homes, lifts target price
Analysts at Deutsche Bank upgraded their recommendation on Bovis Homes from 'hold' to 'buy' on expectations that the company would succeed in improving its returns on capital and what they believed was potential significant upside to its dividend policy.
Stay defensive, strategists at JP Morgan say
Strategists at JP Morgan recommended clients stick to a defensive stance, referencing the risk of a sharp correction in US stocks, a phase of significant de-risking in Chinese assets and the possibility that Italian political risks might come to the fore sooner than expected.
Numis upgrades Tate&Lyle, recommends keeping wary eye on NAFTA reform
Analysts at Numis hailed Tate&Lyle's full-year results for the latest fiscal year, bumping up their target price from 849p to 882p in the process, even as they cautioned about the potential negative impact the renegotiation of NAFTA might have.
JPMorgan upgrades Wolseley to 'overweight'
JPMorgan Cazenove upgraded building materials distributor Wolseley to 'overweight' from 'neutral' and lifted the price target to 5,600p from 4,960p pointing to scope for US earnings upside and a structural case for multiple expansion.