Broker Tips
Tuesday broker round-up
HSBC: Credit Suisse downgrades to Underperform with a target price of 650p.
'Too much pessimism' over UK-focused banks, says Credit Suisse
Perceiving too much stock market pessimism about domestic UK banks, Credit Suisse upgraded Lloyds Banking Group and Royal Bank of Scotland but downgraded HSBC in a note on Tuesday.
Barclays starts Safecharge at 'equalweight', sees value in the longer term
Analysts at Barclays Research started coverage of Safecharge at 'equalweight' with a 310p target price, telling clients the company's move to reduce its risk profile would continue to weigh on earnings.
Morgan Stanley says Easyjet valuation not particularly compelling
Analysts at Morgan Stanley trimmed their forecasts for Easyjet's profits before tax in 2017 and 2018 on the back of the low-cost carrier's latest pre-close update.
Goldman Sachs upgrades Metro Bank to 'neutral'
Goldman Sachs upgraded Metro Bank to ‘neutral’ from ‘sell’ and lifted the price target to 3,400p from 2,600p.
Barratt Developments 'the cheapest housebuilder' for Credit Suisse
Barratt Developments shares were upgraded to ‘outperform’ by Credit Suisse on the back of the housebuilder's renewed focus on profit margins.
Marks & Spencer second quarter sales to fall, Deutsche maintains 'hold'
Marks & Spencer will report a fall in second quarter sales, Deutsche Bank forecast on Friday ahead of the retailer's half-year results on 8 November.
Friday broker round-up
Barratt Developments: Credit Suisse upgrades to Outperform with a target price of 702p.
Thursday broker round-up
Berkeley Group: Canaccord downgrades to Hold with a target price of 3860p.
Goldman Sachs upgrades Mediclinic to 'neutral' after underperformance
Goldman Sachs has upgraded Mediclinic to 'neutral' from 'sell' following underperformance.
Pub-picking Berenberg upgrades Wetherspoons, downgrades Greene King, Marston's
Analysts at Berenberg provided a mixed review of the UK pubs sector on Wednesday, as it upgraded JD Wetherspoon to ‘hold’ from ‘sell’.
Wednesday broker round-up
Tullow Oil: Jefferies downgrades to Underperform with a target price of 155p.
Tuesday broker round-up
BAE Systems: Berenberg downgrades to Hold with a target price of 600p.
Berenberg cites 'growing pains' in BAE Systems downgrade
Berenberg downgraded UK defence contractor BAE Systems to ‘hold’ from ‘buy’, with analysts at the German bank saying there is little room for growth in the next two years.
Morrisons a 'sell' due to 'limited opportunities', says Berenberg
Morrisons is vulnerable to a derating if sales slow, said Berenberg as it initiated coverage with a 'sell' recommendation, with Sainsbury's preferred as the top pick for the sector.
Hotel Chocolat upgraded to 'buy' by Berenberg after strong results
Chocolatier Hotel Chocolat was boosted by an upgrade to ‘buy’ from ‘hold’ by analysts at Berenberg on Monday.
Tesco is 'most at risk' from further discounter growth - Credit Suisse
Tesco out of the big UK supermarkets remains most at risk from the continuing rise of discounters Aldi and Lidl, Credit Suisse warned as it also cut its share price targets for Sainsbury's but lifted its target for Morrisons.
Banks and cyclicals are the place to be, JP Morgan says
Going into the end of the year, banks and cyclicals are the best place to be as an investor, according to strategists at JP Morgan.
Barclays reiterates overweight stance on BP and Shell
Analysts at Barclays reiterated their 'overweight' recommendation for shares of BP and Royal Dutch Shell (target price: 2,750p), telling clients that the pair's cash break-even levels were set to fall further.