Broker Tips
Citi projects modest weakness in the US dollar in 2018
Foreign exchange strategists at Citi retained a 'bearish' view on the Greenback in 2018, predicting it would weaken by roughly 5% against other G10 currencies over the next six to 12 months and on average by between 1% and 2% against those from Emerging Markets.
ASOS growth looks assured for years to come - RBC Capital Markets
Asos should deliver a solid trading update in January and can sustain high levels of growth over the coming three years, RBC Capital Markets said, upping its share price target.
Peel Hunt upgrades DFS, says should benefit from Harveys' woes
Peel Hunt upped its stance on DFS Furniture to 'hold' from 'reduce' as it highlighted issues at Steinhoff-owned rival Harveys.
Broker tips: Shire, Tullow Oil, Easyjet
Liberum has downgraded Shire to 'hold' from 'buy' and cut the price target to 4,100p from 4,200p, saying the risk/reward is more balanced.
Liberum downgrades Shire, says risk/reward more balanced
Liberum has downgraded Shire to 'hold' from 'buy' and cut the price target to 4,100p from 4,200p, saying the risk/reward is more balanced.
EasyJet flies higher on Panmure upgrade
Shares in budget airline EasyJet flew higher on Wednesday as Panmure Gordon upgraded the stock to 'hold' from 'sell' and lifted the price target to 1,300p from 1,100p after it bought assets from collapsed Air Berlin.
Jefferies upgrades oil price forecasts and Tullow shares
Tullow Oil shares were boosted by an upgrade from Jefferies as analysts hiked their crude oil price forecasts for 2018, though Cairn Energy was downgraded due to its strong performance of late.
Goldman ups Mondi to 'buy' after recent selloff
Goldman Sachs has upgraded paper and packaging group Mondi to 'buy' from 'neutral', keeping the price target at 2,200p as it said the recent selloff offers an attractive entry point.
Tuesday broker round-up
Associated British Foods plc: RBC downgrades to sector perform and sets a target price of 3,100p.
RBC cuts ABF recommendation on Primark weakness
Primark's lack of sales progress at existing stores has prompted analysts at RBC Capital Markets to cut their rating on Associated British Foods.
RBC Capital downgrades Saga, says stock is fairly valued
Over 50s specialist Saga was on the back foot on Tuesday as RBC Capital Markets downgraded the stock to 'sector perform' from 'outperform' and slashed the price target to 135p from 250p, noting it is now less positive on the motor broking business.
Deutsche Bank upgrades Mondi to 'buy', valuation "way below" DS Smith
Analysts at Deutsche Bank upgraded their recommendation for shares of packaging specialist Mondi, referencing prospects for increased payouts, "strong" industry dynamics and valuation.
Unilever's spreads sale benefits will take time to emerge - Jefferies
Unilever's €6. 8bn agreed sale of its spreads business late may have seen barely a ripple in the share price but the long-term benefits for the company will be significant, said analysts at Jefferies on Monday.
Credit Suisse downgrades Ryanair on labour inflation risks
Credit Suisse cut its stance on Ryanair to ‘neutral’ from ‘outperform’ and slashed the price target to €16. 18 from €19. 32 after the budget airline said on Friday that it will recognise pilot unions for the first time in its history as it looks to avoid strikes over Christmas.
Tullow Oil in line for potential January catalyst, says Barclays
Tullow Oil's January trading statement is likely to be a positive catalyst for the shares, said Barclays, reiterating its 'overweight' rating on Friday.
AstraZeneca's drug pipeline call reinforces Barclays 'top pick' in sector
After AstraZeneca's chief medical officer indicated 2018 will see no let-up in the flow of news about the drugs pipeline, Barclays said the shares offer significant potential upside.