Broker Tips
Morgan Stanley says British American Tobacco's ability to grow is underappreciated
Morgan Stanley reiterated its 'overweight' stance on shares of British American Tobacco, telling clients that the company's ability to offset the ongoing decline in the ranks of smokers and a potential ban in the US on flavours was going underappreciated.
Broker tips: Aggreko, WPP, IAG
Aggreko was under the cosh on Wednesday as Morgan Stanley initiated coverage of the stock at ‘underweight’ with a 400. 0p price target.
Take profit on Ferguson, JP Morgan says
Investors should take profit on Ferguson after a strong results season led to upgrades for companies in the sector, JP Morgan said as it downgraded the plumbing and heating company's shares to 'neutral'.
Citi stays at 'neutral' on IAG, says will never return to 'former glory'
Analysts at Citi lowered their target price for shares of IAG ahead of the airline's rights issue, arguing that they do not expect it to ever return to its former glory.
Citi still sees 'strategic rationale' for Ocado Retail, raises target for M&S
Citi sounded a positive note on the launch of Ocado Retail, bumping up its target price for Marks&Spencer 's shares to 120. 0p in the process.
Buying equity income over bonds is 'no brainer', BoA says
Investors' wariness of shares means buying equity income over bonds is a "no brainer", Bank of America said.
Wednesday broker round-up
Codemasters: Peel Hunt downgrades to add with a target price of 420. 0p.
Canaccord nudges up target price on Mattioli Woods
Analysts at Canaccord Genuity slightly raised their target price on diversified financials group Mattioli Woods from 884. 0p to 896. 0p on Wednesday, labelling the group a "resilient performer".
Jefferies stays at 'buy' on Barratt Developments after upbeat guidance
Analysts at Jefferies retained their 'buy' recommendation and 669. 0p target price for shares of Barratt Developments following the release of its full-year results and its guidance for the year ahead.
Morgan Stanley initiates coverage of Aggreko at 'underweight'
Aggreko was under the cosh on Wednesday as Morgan Stanley initiated coverage of the stock at ‘underweight’ with a 400p price target.
Berenberg raises target price on WPP
Analysts at Berenberg raised their target price on advertising giant WPP from 565. 0p to 635. 0p on Wednesday, stating a "less precipitous" than expected decline amid the Covid-19 pandemic had demonstrated the group's resilience.