Broker Tips
JPMorgan Cazenove downgrades Countryside; Bellway and Redrow top picks
JPMorgan Cazenove downgraded Countryside Properties to ‘neutral’ from ‘overweight’ following a period of strong performance, keeping the price target at 335p, as it took a look at the UK housebuilders.
Advertising market 'is improving', Barclays upgrades ITV but cuts WPP
Advertising is improving in the UK and media buyers are revising up their expectations for 2018, Barclays reported, leading to it upgrading ITV and lifting its share price target but downgrading WPP.
Peel Hunt upgrades Balfour Beatty, sees material outperformance
Balfour Beatty got a boost on Thursday as Peel Hunt upped its stance on the infrastructure group to 'buy' from 'add' and lifted the price target to 340p from 300p.
Investec downgrades RBS, says it's no longer cheap enough in valuation terms
Investec downgraded its recommendation on Royal Bank of Scotland to 'sell' from 'hold' on Thursday, saying that in valuation terms, the stock no longer looks cheap enough.
Man Group relative return 'no longer as attractive as it was' - RBC Capital
Man Group's earnings are on the up but the hedge fund group's shares are up with events, RBC Capital Markets said as it downgraded the shares to a 'sector perform'.
CRH has potential for strong long-term growth, HSBC lifts bullish price target
CRH offers investors attractive exposure to US growth as part of a cabal of cement companies predicted to generate strong free cash flow and profit growth in the coming three years, said HSBC in a note on Thursday.
Thursday broker round-up
TalkTalk: Credit Suisse downgrades to Underperform with a target price of 170p.
Credit Suisse downgrades TalkTalk on structural headwinds
TalkTalk was under the cosh on Thursday as Credit Suisse downgraded the stock to 'underperform' from 'outperform' and cut the price target to 170p from 210p saying that structural headwinds are growing.
Pearson boosted by Exane upgrade to 'outperform'
Education publisher Pearson got a boost on Wednesday as Exane BNP Paribas upgraded the stock to 'outperform' from 'underperform' and lifted the price target to 700p from 600p.
RBS 'best placed' bank amid rising yield curve, Jefferies upgrades
Royal Bank of Scotland was upgraded to ‘buy’ from ‘hold’ by analysts at Jefferies on Wednesday in response to steepening UK yield curves and potential interest rate hikes from the Bank of England.
Broker tips: Tullow Oil, WPP, Kaz Minerals
RBC Capital Markets upgraded its stance on Tullow Oil to 'outperform' from 'sector perform' and lifted the price target to 260p from 200p.
Copper prices seen falling in 2018, Morgan Stanley sees worst impact for Kaz Minerals
Copper miner Kaz Minerals faces the greatest potential impact from a predicted fall in prices of the commodity, warned Morgan Stanley as it downgraded the stock to ‘underweight’ from ‘equal-weight’ after a recent strong performance.
RBC Capital ups Tullow to 'outperform', says it's gaining momentum
RBC Capital Markets upgraded its stance on Tullow Oil to 'outperform' from 'sector perform' and lifted the price target to 260p from 200p.
WPP 'unlikely' to hit numbers, Morgan Stanley downgrades
WPP is likely to fall short of full year guidance and may face difficulties hitting its medium-term earnings growth targets, warned Morgan Stanley as it downgraded the advertising agency behemoth to 'equal weight' from 'overweight'.
Safestore swoops for Stork to immediately lift earnings
Safestore sealed the £56m cash acquisition of Stork Self Storage, trading as Alligator, that it expects to boost earnings immediately upon completion.
Tuesday broker round-up
WPP: Morgan Stanley downgrades to Equal Weight with a target price of 1600p.
Countrywide slumps on Credit Suisse downgrade
Countrywide took a hit on Monday after Credit Suisse downgraded the stock to 'underperform' from 'neutral' and slashed the price target to 111p from 288p as it took a look at UK estate agents.
Deutsche Bank upgrades Glencore on EV exposure, downgrades Anglo American
Analysts at Deutsche Bank singled out Glencore and Rio Tinto even as they sounded a confident note on the metals and mining sector as a whole, telling clients that capital and supply discipline and a heightened focus on cash flows would allow the sector to re-rate over the medium-term.