Broker Tips
RBC reiterates 'outperform' rating on Petra Diamonds, but drops target price to 85p
Analysts at RBC Capital Markets took a look at Petra Diamonds on Monday morning, saying that despite the waiver to its December covenant test - together with the revisions to its June and December 2018 tests - had improved its outlook, the company was still slightly offside the revised covenants, and that significant general ramp-up risks still remained at Cullinan "in what remains a volatile wider market".
Credit Suisse slashes Talk Talk target, sceptical of company's growth targets
Analysts at Credit Suisse reiterated their 'underperform' stance on shares of TalkTalk, slashing their target price in the process, to reflect the company's £200m share placing and its analysts' now lower medium-term forecasts for the firm's operating profits.
Jefferies upgrades Fidessa, says margins on upward trend
Jefferies upped its rating on Fidessa to ‘buy’ from hold’ on Monday and hiked the price target to 3,100p from 2,400p following the company’s full-year results, pointing to the emergence of clarity on future margin evolution.
AA shares skid as Berenberg downgrades to 'sell' amid dividend concerns
AA was under the cosh on Monday as Berenberg downgraded the insurer and roadside assistance company to ‘sell’ from ‘hold’ and cut the price target to 100p from 170p.