Broker Tips
Broker tips: BP, Shell, Royal Mail, Rotork
Analysts at Barclays expect that shares of the European oil majors will re-rate as more evidence emerges going into year-end and the start of 2018 that the oil industry has 're-set' in order to be able operate in a $50 a barrel of oil environment.
Barclays reiterates 'overweight' on BP, Royal Dutch Shell
Analysts at Barclays expect that shares of the European oil majors will re-rate as more evidence emerges going into year-end and the start of 2018 that the oil industry has 're-set' in order to be able operate in a $50 a barrel of oil environment.
Tuesday broker round-up
Rotork: Goldman Sachs downgrades to neutral with a target price of 280p.
Royal Mail under the cosh after Credit Suisse downgrade
Royal Mail was under the cosh on Tuesday as Credit Suisse downgraded the stock to 'underperform' from 'neutral' and cut the price target to 325p from 492p, pointing to worsening letter revenue trends and labour costs.
Goldman Sachs downgrades Rotork after outperformance
Goldman Sachs downgraded its stance on engineer Rotork to 'neutral' from 'buy' following recent outperformance, which it said limits upside to its unchanged price target of 280p.
JP Morgan reiterates 'underweight' on UK stocks
Strategists at JP Morgan reaffirmed their 'bullish' stance on the overall market, but so too their 'underweight' stance on UK stocks.
Berenberg says "meaningful" capital returns at RBS possible in 2018
Investors are underappreciating faster-than-expected progress on cost cuts at RBS and the tentative headway it has made on a settlement with the US Department of Justice, analyst Peter Richardson at Berenberg said.
Drax powers ahead on Morgan Stanley upgrade
Morgan Stanley has upgraded temporary power provider Drax to 'equalweight' from 'underweight' but trimmed the price target to 320p from 325p.
Goldman ups Kingfisher to 'buy', says market too sceptical on efficiency programme
B&Q and Castorama owner Kingfisher got a boost on Monday as Goldman Sachs upgraded its stance on the stock to 'buy' from 'neutral' and lifted the 12-month price target to 375p from 330p, saying the market is too sceptical on the 'One Kingfisher' efficiency strategy.
Housebuilder values 'ahead of themselves', Barclays cuts five ratings
Expectations over the outlook for housebuilders "have run ahead of themselves", said Barclays as it downgraded its ratings for Persimmon, Berkeley Group, Redrow, Bellway and Taylor Wimpey.
Investec reiterates 'sell' on RBS
Analyst Ian Gordon at Investec reiterated his recommendation to 'sell' shares of RBS following the lender's third quarter numbers.
Barclays upgrades Aviva to 'overweight', highlights £1bn buyback potential
Barclays upgraded Aviva to 'overweight' from 'equalweight' and lifted the price target to 567p from 509p, highlighting improving earnings quality and the potential for a £1bn buyback.
RBC Capital upgrades Compass after underperformance
Catering group Compass got a boost on Friday as RBC Capital Markets upgraded the stock to 'outperform' from 'sector perform' and lifted the price target to 1,750p from 1,530p following recent underperformance.
Thursday broker round-up
Antofagasta: Macquarie reiterates Neutral with a target price of 920p.
Credit Suisse reinstates Wood Group at 'outperform', says it's 'best-in-class'
Credit Suisse reinstated coverage of Wood Group with an ‘outperform’ rating and 875p target price on Thursday, saying it’s “a best-in-class” engineering and maintenance franchise for which through-cycle earnings volatility should be eased by the acquisition of Amec Foster Wheeler.
Morgan Stanley slices Whitbread on growth worries
There is plenty to like about Whitbread but forecasting like-for-like sales to remain weak, Morgan Stanley has cut its recommendation to ‘equalweight’ from 'overweight'.
Credit Suisse slashes Shire target price, says discount to peers "unjustified"
Shire's current discount to its global sector peers is unjustified, even under a worst case scenario for haemophilia and hereditary angiodema, Credit Suisse argues.