Broker Tips
Broker tips: JD Sports, Premier Oil, AstraZeneca
RBC Capital Markets downgraded its stance in shares of JD Sports to ‘underperform’ from ‘sector perform’ on Monday as it argued that "strong recovery prospects are less certain".
JP Morgan stays at overweight on AstraZeneca following merger rumours
JP Morgan has reiterated its ‘overweight’ rating on AstraZeneca, following reports that the drugs manufacturer was mulling a possible merger with US rival Gilead Sciences.
Berenberg bumps up target price on Premier Oil
Analysts at Berenberg slightly raised their target price on exploration and production group Premier Oil from 30. 0p to 40. 0p on Monday, stating revised terms to the firm's proposed acquisition of assets from BP would benefit the company's overall net asset value.
Downside risks building in oil prices - Morgan Stanley
Downside risks are building in the oil market after the price surge of recent weeks, Morgan Stanley analysts said.
Biden's election would not dent BAE, Credit Suisse says
The election of Joe Biden as president would probably have little effect on the US defence budget, Credit Suisse said as it maintained its 'outperform' rating on BAE Systems shares and trimmed earnings estimates.
RBC Capital downgrades JD Sports to 'underperform'
RBC Capital Markets downgraded its stance in shares of JD Sports to ‘underperform’ from ‘sector perform’ on Monday as it argued that "strong recovery prospects are less certain".