Broker Tips
Stifel upgrades Tullow following TLOS ruling
The Tribunal for the Law of the Seas's ruling in favour of Ghana in its maritime dispute with Ivory Coast removes "a key downside risk" for Tullow Oil and its interest in the TEN oilfield offshore the former, analysts at Stifel said.
Monday broker round-up
Countrywide: Credit Suisse downgrades to Underperform with a target price of 111p.
Broker tips: CCH, John Laing Group, Johnson Matthey
Analysts at Morgan Stanley revised their target price for CCH shares sharply higher, telling clients the improvement in the Coca Cola bottler's fundamental drivers looked "sustainable", while adding that its strategic optionality constituted an 'upside' risk for the shares.
Morgan Stanley hikes target on Coca Cola HBC, notes M&A speculation
Analysts at Morgan Stanley revised their target price for CCH shares sharply higher, telling clients the improvement in the Coca Cola bottler's fundamental drivers looked "sustainable", while adding that its strategic optionality constituted an 'upside' risk for the shares.
Johnson Matthey forecasts for catalysts, electric batteries impresses analysts
After Johnson Matthey set out financial guidance at a capital markets day focused on growth opportunities ahead, analysts at Deutsche Bank and Credit Suisse were among those to hike their expectations for the chemicals group.
John Laing a 'buy' on growing pool of investment opportunities - HSBC
John Laing's growing pool of public-private partnerships and renewable energy investment opportunities should allow the company to grow 12% a year through to 2019, said HSBC as it restarted coverage of the stock with a 'buy' recommendation.
JP Morgan prefers alternative asset managers, downgrades Schroders
JP Morgan reiterated its preference for alternative asset managers after marking the group to market and ahead of a raft of AuM trading updates due from the space before year-end, including interims out of Intermediate Capital Group.
Senior slumps as Peel Hunt downgrades on FX headwind
Senior was under the cosh on Thursday as Peel Hunt downgraded the stock to 'reduce' from 'hold' saying a recovery in sterling could be a headwind.
Thursday broker round-up
Reckitt Benckiser: Morgan Stanley reiterates Overweight with a target price of 10,000p.
Broker tips: Nostrum Oil & Gas, Stagecoach, BAE Systems
RBC Capital Markets upgraded Nostrum Oil & Gas to 'outperform' from 'sector perform' saying recent weakness is an opportunity and its discount to peers it set to unwind as it delivers operational milestones.
RBC Capital upgrades Nostrum to 'outperform' after recent weakness
RBC Capital Markets upgraded Nostrum Oil & Gas to 'outperform' from 'sector perform' saying recent weakness is an opportunity and its discount to peers it set to unwind as it delivers operational milestones.
HSBC upgrades Stagecoach, despite longer-term doubts around dividend
Ahead of Stagecoach's 28 September trading update, HSBC bumped up its recommendation for the shares from 'reduce' to 'hold', telling clients they thought it was right to exercise caution in the long-term, although in the short-term it was unlikely that further trading weakness would come through.
JP Morgan lowers 2018 EPS estimate for BAE on Sterling, Saudi headwind
Analysts at JP Morgan pared their 2018 earnings per share estimate for BAE Systems again, telling clients they believed they had underestimated the headwind from the end of Eurofighter deliveries to Saudi Arabia and to account for another leg up in Sterling.
Metro Bank set for suburban slowdown, cautions Macquarie
Metro Bank's rapid growth and margins will begin to decline as it expands into "less wealthy" London suburbs, said Macquarie Capital as it initiated coverage on the challenger bank with an 'underperform'.
Goldman Sachs upgrades Aveva to 'neutral' on Schneider deal
Goldman Sachs upgraded Aveva to 'neutral' from 'sell' and lifted the price target to 2,400p from 1,850p following news it will be bought by French industrial group Schneider Electric.
Credit Suisse upgrades Tullow Oil, downgrades Ophir Energy
Analysts at Credit Suisse rejigged their recommendations for European Exploration and Production outfits, telling clients the sector was better positioned to emerge from the cycle, while its year-to-date de-rating had made it more "attractive".
Broker tips: Debenhams, Gym Group, Tullow Oil, Ophir Energy
Investec reiterated its 'sell' recommendation on Debenham's on the back of expectations for foreign exchange headwinds, unanswered questions around execution and profitability and the ongoing shift towards 'on-line'.
Investec says Debenhams dividend may be unsustainable
Investec reiterated its 'sell' recommendation on Debenham's on the back of expectations for foreign exchange headwinds, unanswered questions around execution and profitability and the ongoing shift towards 'on-line'.