Broker Tips
Broker tips: StanChart, BHP Billiton, Dixons Carphone
With Standard Chartered's strategy gaining momentum, analysts at Berenberg saw fit to reiterate their 'buy' stance on the firm on Friday, highlighting top-line growth above the lender's medium-term guidance and its "largely-unique global network" as evidence of the bank's ability to turn a solid performance "where it matters".
Berenberg reiterates 'buy' on StanChart as bank's strategy gains momentum
With Standard Chartered's strategy gaining momentum, analysts at Berenberg saw fit to reiterate their stance on the firm on Friday, highlighting top-line growth above the lender's medium-term guidance and its "largely-unique global network" as evidence of the bank's ability to turn a solid performance "where it matters".
Barclays recommends BHP Billiton over Rio Tinto
Barclays analysts upgraded BHP Billiton’s rating to 'overweight' on Friday and reduced that of Rio Tinto to 'equal weight', citing an expectation that BHP will close ground on Rio Tinto following five years of underperformance.
Merrill sees 'attractive entry point' for UK blue chip stocks
UK stocks are looking attractive amid renewed sterling weakness and potential turning tide after years of being under-held by fund managers, said BoA Merrill Lynch on Friday, highlighting particular value in Ashtead, GVC Holdings, National Grid, Standard Chartered and RSA Insurance.
Citi downgrades Oil&Gas to 'neutral' after "sharp" rally
The 10% jump in UK equities over the past few weeks has reduced the 'value' opportunity on offer, strategists at Citi said, as they downgraded their stance on the Oil&Gas space to 'neutral'.
Friday broker round-up
Just Eat: RBC Capital Markets upgrades to outperform with a target price of 950p.
Dixons Carphone rallies as RBC ups price target on expectations of strong Q4
Dixons Carphone rallied on Friday as RBC Capital Markets reiterated its ‘outperform’ rating on the stock and bumped up the price target and estimates on expectations of a strong fourth quarter and good momentum into the new financial year.