Broker Tips
Broker tips:Pennon, Severn Trent, Acacia Mining, Severn Trent
Analysts at JP Morgan upgraded their recommendations for Pennon and Severn Trent, arguing that concerns about regulatory risk, rising government bond yields and possible nationalisation by a Labour government had pushed the shares to "unusually low" levels.
JP Morgan upgrades Pennon and Severn Trent after they reach unusually low levels
Analysts at JP Morgan upgraded their recommendations for Pennon and Severn Trent, arguing that concerns about regulatory risk, rising government bond yields and possible nationalisation by a Labour government had pushed the shares to "unusually low" levels.
Friday broker round-up
esure: RBC Capital Markets upgrades to outperform with a target price of 275p.
Berenberg initiates coverage on Acacia and Centamin
Berenberg initiated coverage on African gold miners Acacia Mining and Centamin on Friday, with its analysts hitting the Tanzanian-focussed outfit with a 'sell' rating right out of the gate and its Egyptian peer with a 'hold'.
Kepler upgrades Smurfit, adopts 'wait and see' mode after IP rejection
Kepler Cheuvreux has upped its stance on Smurfit Kappa to 'hold' from 'reduce' after the corrugated packaging company said this week that it had rejected an offer from US-based International Paper.
Esure boosted by double upgrade to 'outperform' at RBC Capital
Insurer Esure was boosted by a double upgrade to ‘outperform’ from ‘underperform’ by RBC Capital Markets, which lifted its price target on the stock to 275p from 250p.