Broker Tips
Broker tips: Asos, Rightmove, Wetherspoons
JPMorgan Cazenove upgraded its stance on shares of online fashion retailer Asos to ‘overweight’ from ‘neutral’ on Wednesday, arguing that "a stronger operational grip has now been consistently demonstrated" after a turbulent 18 months.
Wednesday broker round-up
Reckitt Benckiser Group: Credit Suisse upgrades to neutral with a target price of 5,900p.
Citi downgrades M&S, AB Foods; upgrades Dunelm
Citi reviewed its rating on a number of UK retail stocks on Wednesday amid a deteriorating economic outlook.
Wetherspoons may need to raise £250m to survive liquidity crisis, says Canaccord
Pub chain Wetherspoons may need to raise up to £250m to survive the liquidity crisis, Canaccord Genuity said on Wednesday.
RBC Capital downgrades Rightmove on Covid-19 impact
RBC Capital Markets downgraded Rightmove to ‘underperform’ from ‘sector perform’ on Wednesday, slashing the price target to 440p from 550p as it said the shares are not appropriately discounting the risk of prolonged pressure on the property market and in turn on Rightmove's customers.
JPMorgan upgrades Asos to 'overweight'
JPMorgan Cazenove upgraded its stance on shares of online fashion retailer Asos to ‘overweight’ from ‘neutral’ on Wednesday, arguing that "a stronger operational grip has now been consistently demonstrated" after a turbulent 18 months.