Broker Tips
Broker tips: Direct Line, BT, Go-Ahead, AO World
The risk/reward for Direct Line is now more balanced, said JPMorgan Cazenove, as it downgraded its stance on the insurer to 'neutral' from 'overweight' and cut the price target to 430p from 450p following the company's trading statement on Wednesday.
AO World downgraded by Peel Hunt after hitting 'fair' target price
Peel Hunt stripped shares of Bolton-based AO World of their 'buy' rating on Thursday, noting that although the group had seen continued success with its customer-focused strategy, based on where the stock was at present the time had come to downgrade to 'hold'.
Thursday broker round-up
Go-ahead: Deutsche Bank downgrades to hold with a target price of 1,840p.
BT facing more broadband infrastructure competition, Barclays says
BT could face increased competition for providing broadband infrastructure from wholesale-only providers, Barclays said as it reduced its rating on BT shares to ‘equal weight’.
Go-Ahead knocked lower by Deutsche downgrade
Go-Ahead was under the cosh on Thursday as Deutsche Bank downgraded the transport operator to 'hold' from 'buy', slashing the price target to 1,840p from 2,340p in the absence of future rail franchise wins.
JPMorgan downgrades Direct Line as risk/reward now balanced
The risk/reward for Direct Line is now more balanced, said JPMorgan Cazenove, as it downgraded its stance on the insurer to 'neutral' from 'overweight' and cut the price target to 430p from 450p following the company's trading statement on Wednesday.