Broker Tips
Broker tips: C&C Group, Ashtead, Lancashire
Analysts at Berenberg upped their target price on brewer C&C Group from 182. 0p to 204. 0p on Wednesday but cautioned that the firm's "road to recovery" was not yet clear.
Lancashire's fundraising shows growth potential, JP Morgan says
Lancashire's £277m capital raising demonstrates the company's growth potential and ability to capitalise on a hardening market, JP Morgan said as it reiterated its 'overweight' rating on the Lloyds's of London insurer.
BofA touts 'value' and ESG stocks, cautious towards S&P 500
Strategists at Bank of America pointed clients towards so-called 'value' stocks for the next few months, highlighting a slew of factors which, they said, should see them outperform as the US economy moves out of the deep recession phase and into a recovery.
European equities better value than US, says Barclays
European equities offer better relative value than US stocks, and further "catch-up potential", Barclays said in an equity strategy note on Wednesday.
Berenberg raises target price on brewer C&C Group
Analysts at Berenberg upped their target price on brewer C&C Group from 182. 0p to 204. 0p on Wednesday but cautioned that the firm's "road to recovery" was not yet clear.
Wednesday broker round-up
UDG Healthcare: RBC Capital Markets downgrades to sector performer with a target price of 800p.
RBC Capital downgrades Ashtead after strong run
RBC Capital Markets downgraded its recommendation on shares of equipment rental company Ashtead to ‘sector perform’ from ‘outperform’, arguing it was time to take some profit after a strong run.