Broker Tips
Admiral's overseas weakness leads to Berenberg's sinking rating
FTSE 100-listed insurance firm Admiral Group was downgraded by Berenberg Bank on Tuesday after its analysts pointed towards weakness in the company’s international operations.
Inmarsat a 'sell' for Numis over revenue and margin doubts
There are many reasons to be cautious about Inmarsat's revenue and margin prospects, broker Numis warned as it slapped a 'sell' recommendation on the satellite company's shares.
Tuesday broker round-up
Paddy Power Betfair: Morgan Stanley downgrades to Equal Weight with a target price of 7500p.
Ashtead may see USD50m of storm disaster recovery spending and more - Jefferies
Assessing the impact of Hurricane Harvey on Ashtead Group's US-based Sunbelt is difficult, said Jefferies, but the arm could benefit from a sizeable amount of disaster recovery revenue based on previous disasters.
Jefferies starts HSBC at 'buy' sees higher payouts than Street consensus
Jefferies started coverage of HSBC at 'buy', telling clients the consensus was 'bang-on' in its estimates for the lender's earnings per share in 2018 and 2019, but well off in its expectations for its policy on payouts.
Berenberg downgrades Telit Communications to 'hold'
Analysts at Berenberg downgraded their recommendation on shares of Telit Communications once the 'dust had settled' following the exit of its boss, telling clients there was still a long way to go to "re-establish the credibility" of the company.
RBS gets upgrade from RBC though 'significant' risks linger
The Royal Bank of Scotland has exceeded expectations so far this year, said RBC Capital Markets as it upgraded the bank's shares to a 'sector perform' rating.
HSBC takes dim view of UK pubs, downgrades Greene King and 'Spoons
UK pubs face twin risks from consumer spending and rising costs, leading HSBC to take a more negative stance on the sector and downgrade Greene King and JD Wetherspoons.
Credit Suisse raises ABF target price, highlights margins and valuation
Analysts at Credit Suisse bumped up their target price for shares of Associated British Foods, highlighting the potential for the introduction of a 'Click and Collect' model and the likely boost to earnings from currency tailwinds alongside an 'attractive' entry point in valuation terms.
RBC Capital sees 'buying opportunity' for Indivior after court ruling
Analysts at RBC Capital Markets said there could be a buying opportunity for Indivior shares after the drug company warned that a US court ruling over could lead to "material" loss of market share for a product that generated four-fifths of its revenues last year.