Broker Tips
Broker tips: Morrisons, Ted Baker, Provident Financial
Analysts at Bernstein upgraded their view on Morrisons on Thursday, touting its best-in-class long-term total shareholders' return and arguing that it made for a "great" income stock despite being unloved by the so-called 'sell-side'.
Bernstein recommends shopping for Morrisons, regardless of what 'sell-side' says
Analysts at Bernstein upgraded their view on Morrisons on Thursday, touting its best-in-class long-term total shareholders' return and arguing that it made for a "great" income stock despite it being unloved by the so-called 'sell-side'.
FCA poses 'more risks' to Provident Financial, Berenberg slashes target
Provident Financial is planning a £330m rights issue after reaching a resolution with the Financial Conduct Authority over its ROP product but Berenberg has downgraded its rating to 'sell' from 'hold' as it sees various risks hanging over profits .
Thursday broker round-up
Provident financial: Berenberg downgrades to sell with a target price of 550p.
Jefferies downgrades Ted Baker, RBC Capital reiterates 'outperform'
Fashion retailer Ted Baker was under the cosh on Thursday as Jefferies cut its stance on the stock to ‘hold’ from ‘buy’ and dropped the price target to 2,700p from 3,000p.