Broker Tips
Broker tips: GKN, G4S, Johnson Matthey
Berenberg upped its price target on GKN to 455p from 365p on Monday, sticking with its 'buy' rating as it said it seems inevitable the engineer will end up being owned by Melrose Industries, after it rejected a £7bn bid last week.
'Air of inevitability' that GKN will be owned by Melrose, says Berenberg
Berenberg upped its price target on GKN to 455p from 365p on Monday, sticking with its 'buy' rating as it said it seems inevitable the engineer will end up being owned by Melrose Industries, after it rejected a £7bn bid last week.
Citi upgrades G4S to 'buy'
Citi upgraded its view on G4S stock to 'buy', pointing to an acceleration in organic growth, cost savings, benefits from re-financing and the possibility that the company might benefit from consolidation in its sector.
Berenberg upgrades Johnson Matthey to 'buy'
Analysts at Berenberg upgraded their recommendation on shares of Johnson Matthey from 'hold' to 'buy' on the back of its recent market share gains in European autocatalysts.
Monday broker round-up
Johnson Matthey plc: Berenberg upgrades to buy with a target price of 3,680p.