Broker Tips
Broker tips: Compass, Meggitt, Volex
Jefferies downgraded shares of caterer Compass Group on Thursday to ‘hold’ from ‘buy’, noting stock has outperformed the Stoxx 600 by 20% plus during the recent rally on vaccine news.
Thursday broker round-up
Compass Group: Jefferies downgrades to hold with a target price of 1,400p.
Jefferies downgrades Compass after outperformance
Jefferies downgraded shares of caterer Compass Group on Thursday to ‘hold’ from ‘buy’, noting stock has outperformed the Stoxx 600 by 20% plus during the recent rally on vaccine news.
Citi downgrades Meggitt, says further upside limited
Citi downgraded aerospace engineer Meggitt to ‘neutral’ from ‘buy’ on Thursday after the share priced surged this week on the back of positive news about a Covid-19 vaccine being developed by Pfizer and BioNTech.
Canaccord Genuity initiates coverage on Volex at 'buy'
Canaccord Genuity initiated coverage on manufacturer and power products provider Volex with a 382. 0p target price and a 'buy' rating on Thursday, stating the group was compounding value to power accretive growth.
Barclays downgrades Croda, says reaction to Pfizer news ‘overdone’
Barclays downgraded specialty chemicals company Croda International to ‘underweight’ from ‘equalweight’ on Thursday as it said the positive reaction to news it will supply excipients to Pfizer’s Covid-19 vaccine candidate "looks overdone".
Berenberg hikes target on National Express by half after vaccine news
Analysts at Berenberg hiked their target price for shares of National Express by nearly half in the wake of the company's latest trading update.