Broker Tips
Broker tips: Auto Trader, Ocado, Mitie
Exane BNP Paribas downgraded Auto Trader to 'neutral' from 'outperform' on Thursday, cutting the price target by 14% to 370p as it takes a more cautious view on the group's cyclical prospects.
Exane downgrades Auto Trader to 'neutral'
Exane BNP Paribas downgraded Auto Trader to 'neutral' from 'outperform' on Thursday, cutting the price target by 14% to 370p as it takes a more cautious view on the group's cyclical prospects.
US initial jobless claims drop a little less than expected
The number of Americans filing for unemployment benefits fell a little less than expected last week, according to data from the Labor Department.
JP Morgan downgrades Ocado as shares push valuation envelope
Analysts at JP Morgan downgraded their recommendation on Ocado shares following their recent sharp outperformance versus the sector, which they argued was pushing the valuation envelope too far.
Mitie rallies on RBC Capital upgrade to 'outperform'
Outsource Mitie got a boost on Thursday as RBC Capital Markets lifted its stance on the stock to 'outperform' from 'sector perform', although it cut the price target to 200p from 210p.
