Broker Tips
Broker tips: Tate & Lyle, Royal Mail, Ashmore
Analysts at Berenberg upped their target price on food ingredients manufacturer Tate & Lyle from 625. 0p to 665. 0p on Tuesday despite further reducing its full-year 2021 profit estimates for the group.
Berenberg ups target for Tate & Lyle despite cutting profit forecasts
Analysts at Berenberg upped their target price on food ingredients manufacturer Tate & Lyle from 625. 0p to 665. 0p on Tuesday despite further reducing its full-year 2021 profit estimates for the group.
Tuesday broker round-up
Stagecoach Group: Canaccord upgrades to buy with a target price of 110p.
Deutsche Bank upgrades Royal Mail, cites bid potential
Deutsche Bank upped its stance on Royal Mail to ‘hold’ from ‘sell’ on Tuesday, citing the potential risk of a bid after Czech billionaire Daniel Kretinsky - the owner of Sparta Prague football club and Czech energy utility EPH - took a 5. 35% stake in the company.
JPMorgan downgrades Ashmore to ‘underweight’
JPMorgan Cazenove downgraded its stance on shares of emerging markets investment manager Ashmore to ‘underweight’ from ‘neutral’ on Tuesday, cutting the price target to 310p from 350p as it said increasing uncertainty poses a risk to net fund flow recovery.