Broker Tips
Broker tips: Drax, ASOS, Centrica
Analysts at RBC sounded an upbeat note on Drax, telling clients the electricity generator's shares continued to offer a "compelling" investment case despite the recent rally in their share price.
HSBC downgrades Centrica on likely dividend cut
HSBC's analysts downgraded multinational utility company Centrica to 'reduce' on Wednesday, saying that while its recently announced price increase would help maintain its margins, it may, in turn, precipitate further customer losses.
RBC still sees "compelling" investment case in Drax
Analysts at RBC sounded an upbeat note on Drax, telling clients the electricity generator's shares continued to offer a "compelling" investment case despite the recent rally in their share price.
Canaccord reiterates 'sell' rating on ASOS
Interim results from ASOS lends further support to broker Canaccord Genuity's thesis that the cost of the retailer's growth will continue to come in ahead of market expectations, "making its valuation hard to justify".