Broker Tips
JP Morgan expects US and euro area company earnings to surprise positively in Q1
Earnings beats will be rewarded, not faded, strategists at JP Morgan believe, telling clients stocks were set to extend their rebound even as yields continued to move higher, as corporate earnings on both sides of the Atlantic "surprised" to the upside.
Broker tips: Clarkson, Just Eat, Marks and Spencer, Strix
Liberum downgraded FTSE 250 shipbroker Clarkson to 'hold' from 'buy' and cut its price target to 3,200p from 3,600p on Monday following a profit warning, as it reduced its forecasts on quieter asset transaction markets and FX.
Liberum downgrades Clarkson after profit warning
Liberum downgraded FTSE 250 shipbroker Clarkson to 'hold' from 'buy' and cut its price target to 3,200p from 3,600p on Monday following a profit warning, as it reduced its forecasts on quieter asset transaction markets and FX.
Berenberg reiterates stance on Just Eat after £50m delivery investment
After seeing its shares fall roughly 15% since announcing its £50m investment in delivery at its full-year results back in March, the risk/reward from Just Eat moving into delivery was seen as "highly attractive" and a "sensible" use of capital by analysts at Berenberg, who gave the London-based group another look on Monday.
European sports broadcasters can breathe easier, says S&P
Sky, BT and other sports broadcaster should breath easier about keeping hold of football and other TV rights in the short term, says rating agency S&P Global, but further out they are at increasing risk from the big internet firms.
Canaccord initiates coverage on kettle maker Strix with 'buy' rating
With high margins, low capital intensity and strong cash conversion, kettle controls manufacturer Strix looked like an attractive prospect to Canaccord Genuity's analysts, pressing the button on a 'buy' rating for the AIM-quoted firm on Monday.
Credit Suisse upgrades M&S to 'neutral' after 10% YTD drop
With the shares down 10% year-to-date and limited downside to its unchanged price target of 285p, Credit Suisse upped its stance on retailer Marks & Spencer to 'neutral' from 'underperform' on Monday.