Broker Tips
Broker tips: Computacenter, Petrofac, Rio Tinto, Hargreaves Lansdown
Higher demand for business continuity services appears to have become a structural trend for Computacenter, Barclays said as it increased its price target for the IT infrastructure company.
Thursday broker round-up
Hargreaves Lansdown: Deutsche Bank upgrades to hold with a target price of 1,600. 0p.
Interest rate cuts in UK and US will be a sustained drag on Equiniti's profits, Berenberg says
Analysts at Berenberg slashed their target price for shares of Equiniti, telling clients that recent interest rate cuts by central banks would result in a sustained challenge to the group's growth targets.
Barclays ups Computacenter price target as shares hit new high
Higher demand for business continuity services appears to have become a structural trend for Computacenter, Barclays said as it increased its price target for the IT infrastructure company.
Bernstein downgrades Petrofac to 'underperform'
Analysts at Bernstein downgraded oilfield services provider Petrofac to 'underperform' on Thursday, citing increasing concerns that risks threatened to "engulf" the company.
Citi upgrades Rio Tinto to 'buy'
Citi upgraded Rio Tinto on Thursday to ‘buy’ from ‘neutral’ and hiked the price target to 5,300p from 4,600p as it argued that the case for expanded capital returns has strengthened.
Berenberg raises target price on Team17 following 'first half to remember'
Analysts at Berenberg raised their target price on media group Team17 from 650. 0p to 800. 0p on Thursday, stating the company had just delivered a "first half to remember".
Deutsche Bank upgrades Hargreaves Lansdown on improved flow outlook
Deutsche Bank upped its rating on shares of investment platform Hargreaves Lansdown to ‘hold’ from ‘sell’ on Thursday, lifting the price target to 1,600p from 1,425p as it said the improved flow outlook better justifies the price.