Broker Tips
JP Morgan cuts Drax target price but says shares are 'oversold'
Analysts at JP Morgan reiterated their 'overweight' stance on shares of Drax, telling clients that markets were apparently discounting too steep a drop in wholesale electricity power prices and overlooking the company's resilience in the face of the Covid-19 pandemic.
Broker tips: Greencore, Sage, HSBC
Shares of Irish convenience food group Greencore slumped on Thursday as Jefferies downgraded the stock to ‘hold’ from ‘buy’ and slashed the price target to 165p from 235p.
Greencore tumbles on Jefferies downgrade
Shares of Irish convenience food group Greencore slumped on Thursday as Jefferies downgraded the stock to ‘hold’ from ‘buy’ and slashed the price target to 165p from 235p.
Canaccord Genuity lowers Sage to 'hold'
Analysts at Canaccord Genuity lowered software and services firm Sage from 'buy' to 'hold' on Thursday, stating the group would now have to navigate some "choppy water".
Berenberg upgrades HSBC to 'hold'
Berenberg upped its stance on shares of HSBC to ‘hold’ from ‘sell’ on Thursday as it said risks are now more balanced.