Broker Tips
Broker tips: ABF, Easyjet, Entertainment One
Deutsche Bank upped its target price for Associated British Foods on the premise that it was set to continue benefiting from a consumer shift towards value driven by pressure on spending power.
Citi starts Entertainment One at 'buy'
Citi started its coverage of Entertainment One at a 'buy' and with a 295p target price, pointing to what in its opinion were multiple positive characteristics which had thus far gone unappreciated.
Deutsche Bank ups target for ABF on strong growth at Primark
Deutsche Bank upped its target price for Associated British Foods on the premise that it was set to continue benefiting from a consumer shift towards value driven by pressure on spending power.
Credit Suisse sees profit recovery at Easyjet
Analysts at Credit Suisse upped their recommendation on shares of Easyjet from 'neutral' to 'outperform', telling clients that a recovery in profitability to the levels seen in 2013 and 2014 was on the cards.
Friday broker round-up
Entertainment One: Citigroup initiates at Buy with a target price of 295p.
Broker tips: Barclays, Norcros
Macquarie stayed at 'underperform' on shares of Barclays ahead of the lender's second quarter numbers due on 28 July, telling clients that management's front-loading of expenses - particularly those related to ring-fencing its UK bank - was set to combine with softer revenues at its investment banking arm during the second quarter, weighing on its return on capital.
Thursday broker round-up
Reckitt Benckiser: Jefferies downgrades to Hold with a target price of 8400p.
Macquarie flags capital headwinds at Barclays, stays at underperform
Macquarie stayed at 'underperform' on shares of Barclays ahead of the lender's second quarter numbers due on 28 July, telling clients that management's front-loading of expenses - particularly those related to ring-fencing its UK bank - was set to combine with softer revenues at its investment banking arm during the second quarter, weighing on its return on capital.
Canaccord boosts target price for Norcros
Analysts at Canaccord Genuity hiked their target price on shares of Norcros, telling clients it was "potentially" the most undervalued stock in its sector.
Broker tips: Worldpay, Imagination, UK leisure
Berenberg downgraded Worldpay to 'hold' from 'buy' but lifted the price target to 450p from 327p following news on Tuesday that the payments processor has received preliminary approaches from Vantiv Inc and JPMorgan Chase Bank.
Liberum picks Compass, SSP and Greene King from UK leisure sector
Analysts at Liberum initiated coverage on UK-listed leisure stocks at 'neutral' despite recent strong growth in the sector as leisure operators slowly filled the vacuum left by retailers on the High Street.
Credit Suisse hikes target for Imagination
Credit Suisse hiked its target price for Imagination telling clients its strategic assets should generate a good level of interest from bidders.
Tanzania's new mining laws 'ominous' for Acacia Mining
Tanzania has passed legislation allowing the government to renegotiate and dissolve contracts, the final of three bills aimed to take what it sees as a fairer share of profits from its mining sector, which is dominated by London-listed Acacia Mining.
Berenberg downgrades Worldpay after bid approaches
Berenberg downgraded Worldpay to 'hold' from 'buy' but lifted the price target to 450p from 327p following news on Tuesday that the payments processor has received preliminary approaches from Vantiv Inc and JPMorgan Chase Bank.
Broker tips: SIG, Tesco, HSBC
Analysts at Deutsche Bank hiked their target price on SIG ahead of the company's next trading update, but following a strong run in the share price year-to-date stuck to their 'hold' recommendation.
HSBC valuable in long-term despite downgrade, Berenberg says
Berenberg downgraded HSBC 's shares to 'hold' from 'buy', saying the UK bank was now fully valued given the limited scope for higher profits and hence dividends - at the current point of the economic cycle - and its reduced cost of equity, but asserted that it will be one of the long-term winners in the sector.
ShoreCap sticks to a hold on Tesco despite positive Irish news
Shore Capital said it took note of improved recent trading at Tesco implicit in the latest Kantar data from Ireland, but said the time had not yet come to invest.
Deutsche Bank boosts target price on SIG ahead of first 1H update in years
Analysts at Deutsche Bank hiked their target price on SIG ahead of the company's next trading update, but following a strong run in the shares year-to-date stuck to their 'hold' recommendation.
