Broker Tips
BofA hikes target for Wizz Air, says low cost base is a 'key advantage'
Analysts at Bank of America reiterated their 'buy' recommendation for shares of Wizz Air, predicting that its focus on Central and Eastern Europe, together with its competitive cost base, would see it benefit from smaller rivals' demise.
Broker tips: Cineworld, GCP Student Living, HSBC, Standard Chartered
Cineworld shares slid on Monday as Morgan Stanley downgraded the stock to ‘underweight’ from ‘equal weight’ and slashed the price target to 60p from 180p, arguing that the recent relief rally was overdone.
Cineworld’s recent relief rally overdone, says Morgan Stanley
Cineworld shares slid on Monday as Morgan Stanley downgraded the stock to ‘underweight’ from ‘equalweight’ and slashed the price target to 60p from 180p, arguing that the recent relief rally was overdone.
Citi says UK negative rates could be 'when, not if'
Citi said the question about whether the Bank of England adopts negative interest rates could be a matter of 'when, not if" as the central bank gives the move serious consideration.
Monday broker round-up
Johnson Matthey: Liberum downgrades to hold with a target price of 2,100p.
Berenberg downgrades GCP Student Living to 'hold'
Analysts at Berenberg lowered real estate investment trust GCP Student Living from 'buy' to 'hold' on Monday, citing "significant headwinds" stemming from the Covid-19 pandemic.
Jefferies switches out of HSBC over Hong Kong concerns
Jefferies has downgraded its recommendation for HSBC to ‘hold’ as unrest over the future of Hong Kong continues to mount.