Broker Tips
HSBC cuts target for Inmarsat on FX headwinds
Analysts at HSBC maintained their 'hold' rating on shares of mobile communications service provider Inmarsat on Tuesday, pointing out that as most of the firm's revenues, costs and capex were recorded in US dollars, recent gains in the pound would leave a dent in the firm's EBITDA.
Broker tips: BP, Smiths, Imperial Brands
Morgan Stanley downgraded its view on shares of BP by one notch from 'overweight' to 'equalweight', predicting that management would continue to prioritise debt reduction over the dividend payout.
Morgan Stanley downgrades BP, cuts target for Shell
Morgan Stanley downgraded its view on shares of BP by one notch from 'overweight' to 'equalweight', predicting that management would continue to prioritise debt reduction over the dividend payout.
Piper Jaffray cuts Imperial Brands to 'neutral', cites modest EPS growth outlook
Imperial Brands was under the cosh on Tuesday as Piper Jaffray cut the stock to 'neutral' from 'overweight' and reduced the price target to 2,800p from 3,500p, highlighting a cheap valuation but a modest earnings per share growth outlook.
Barclays initiates Smiths Group at 'overweight'
Barclays initiated coverage of diversified engineer Smiths Group at 'overweight', with an 1,800p price target as it highlighted material change under the current management team.