Broker Tips
Broker tips: Netflix, WPP, EasyJet
Analysts at Morgan Stanley reiterated their 'overweight' recommendation on Netflix following the video streaming giant's latest quarterly update, lifting their target price on the stock to $275 in the process.
Analysts positive on Easyjet after first-quarter results
Credit Suisse upped its target price on shares of Easyjet following the budget carrier's first quarter update, while RBC Capital Markets upgraded its rating on the belief that London will see a shift away from reliance on Heathrow airport in coming years.
South Korea bans anonymous cryptocurrency trading
Bitcoin is trading well below the $11,000 mark after South Korea cracked down on trading in the crypto-currency via anonymous bank accounts.
BofA-ML raises year-end 2018 target for S&P 500
Strategists at Bank of America-Merrill Lynch revised their year-end target for the S&P 500 higher, telling clients that the "great rotation out of bonds into stocks" had yet to materialise, predicting corporations would use their tax windfall on slashing debt and M&A, as well as on share buy-backs and investment.
Berenberg ups Croda to 'buy', highlights scope for cash returns
Berenberg upgraded speciality chemicals group Croda International to 'buy' from 'hold' and lifted the price target to 50p from 41. 50p as it pointed to organic growth and the scope for cash returns.
To Infinity and Beyond: Morgan Stanley raises Netflix target price
Analysts at Morgan Stanley reiterated their 'overweight' recommendation on Netflix following the video streaming giant's latest quarterly update, lifting their target price on the stock to $275 in the process.
WPP headwinds not seen relenting, Credit Suisse downgrades
WPP is facing flat revenue growth and margins in 2018, with a number of headwinds besides that led Credit Suisse to downgrade its rating on the stock to 'neutral' from 'outperform'.
Tuesday broker round-up
Croda International plc: Berenberg upgrades to buy with a target price of 5,000p.