Broker Tips
Broker tips: Barratt Developments, Next, Johnson Service Group
Analysts at Canaccord Genuity nudged up their target price on residential property developer Barratt Developments from 625. 0p to 630. 0p on Thursday, stating the group's planned volume growth supported profit recovery.
Thursday broker round-up
CMC Markets: Peel Hunt upgrades to buy with a target price of 380. 0p.
Morgan Stanley downgrades rating on 'very overvalued' Next shares
Morgan Stanley downgraded its rating on shares of Next on Thursday to ‘underweight’ from ‘equalweight’ arguing that the stock is "very overvalued", currently trading higher than it was a year ago, which it said "makes very little sense" given it’s been hit hard by the Covid-19 pandemic.
Barclays raises target price on Johnson Service Group
Analysts at Barclays raised their target price on textile rental and workwear group Johnson Service Group to 175. 0p on Thursday, labelling the firm more of an "iceberg" than a value trap.
Canaccord Genuity slightly raises target price on Barratt Developments
Analysts at Canaccord Genuity nudged up their target price on residential property developer Barratt Developments from 625. 0p to 630. 0p on Thursday, stating the group's planned volume growth supported profit recovery.