Broker Tips
Macquarie raises target price on BT, says investors too pessimistic
Macquarie lifted its recommendation on shares of BT Group to 'outperform' for the first time ever, telling clients that investor caution around the prospects for the operator's future free cash flows had now overshot and that markets were overlooking the upside to be had from its EE unit.
JP Morgan cuts Provident Financial target, but keeps dividend estimate
Analysts at JP Morgan slashed their target price on shares of Provident Financial but reiterated an 'overweight' stance, emphasising that recent negative issues impacting the firm's Home Credit unit were 'operational' in nature and unrelated to credit quality.
Wednesday broker round-up
Petrofac: Morgan Stanley upgrades to Equal Weight with a target price of 475p.
William Hill rallies as Stifel highlights New Jersey sports betting news
William Hill racked up healthy gains on Wednesday as Stifel said the US Supreme Court's decision to hear the bid by New Jersey to legalise sports betting in that state should be seen a small positive.