Broker Tips
Broker tips: Pearson, Beazley, Synthomer, Renishaw
Pearson rallied on Monday after UBS upgraded its rating on shares of the education publisher to ‘buy’ from ‘neutral’ and lifted the price target to 650. 0p from 545. 0p as it becomes more positive on US higher education.
UBS upgrades Pearson on US higher education opportunity
Pearson rallied on Monday after UBS upgraded its rating on shares of the education publisher to ‘buy’ from ‘neutral’ and lifted the price target to 650p from 545p as it becomes more positive on US higher education.
Morgan Stanley downgrades Beazley, cites limited upside
Morgan Stanley downgraded its stance on insurer Beazley to ‘equalweight’ from ‘overweight’ and cut the price target to 350p from 550p as it said the company’s limited financial flexibility will leave the cost of equity at elevated levels and limit the upside.
Berenberg raises target price on Renishaw
Analysts at Berenberg raised their target price on engineering company Renishaw from 5,700. 0p to 6,200. 0p on Monday, stating the firm appeared to be "poised for a recovery".
JP Morgan sees increasing chances of capital returns from UK banks in 2021
"We believe it’s hard to overstate the importance of [a successful Brexit deal] (despite lower economic impact) for UK bank share prices as well as potential capital return," analysts at JP Morgan said.
Deutsche Bank says Barclays' diversified income stream 'underappreciated'
Analysts at Deutsche Bank reiterated their 'buy' stance for shares of Barclays, arguing that the merits of its diversified income streams was going underappreciated.
JPMorgan upgrades Synthomer to 'overweight'
JPMorgan Cazenove upgraded its stance on Synthomer on Monday to ‘overweight’ from ‘neutral’ and hiked the price target to 450p from 242p as it highlighted the company’s exposure to the gloves market and potential benefit from the Covid-19 pandemic.