Broker Tips
Broker tips: IHG, Crest Nicholson, Lloyds
Jefferies downgraded its stance on shares of InterContinental Hotels to ‘hold’ from ‘buy’ on Thursday and cut the price target to 4,100p from 4,400p as it took a look at the hotels sector.
Thursday broker round-up
InterContinental Hotels: Jefferies downgrades to hold with a target price of 4,100. 0p.
Jefferies cuts target for Lloyds, says income profile ill-suited for current market
Analysts at Jefferies cut their target price for shares of Lloyds from 47. 0p to 42. 0p, arguing that its revenue profile was ill-suited to current market conditions - but kept their recommendation at a 'buy'.
Canaccord ups rating on Crest Nicholson to 'buy'
Canaccord Genuity has upped its recommendation on Crest Nicholson to ‘buy’ following its interim results.
Jefferies downgrades InterContinental Hotels to 'hold'
Jefferies downgraded its stance on shares of InterContinental Hotels to ‘hold’ from ‘buy’ on Thursday and cut the price target to 4,100p from 4,400p as it took a look at the hotels sector.
RBC raises Centamin to 'outperform', lowers Hochschild to 'sector perform'
Analysts at RBC Capital Markets upgraded gold miner Centamin to 'outperform' from 'sector perform' on Thursday, stating that a shift in management would likely lower the risk of a move into new projects in West Africa.
Rightmove valuation does not reflect risks, says Berenberg
Berenberg downgraded its rating on shares of property portal Rightmove to ‘sell’ from ‘hold’ on Thursday and cut the price target to 385p from 400p as it argued that the current valuation does not reflect the risks.