Broker Tips
Broker tips: Grainger, Naked Wines, Croda, IWG
Analysts at JP Morgan upped their target price on residential property business Grainger on Friday from 320. 0p to 350. 0p, citing the group's recent full-year net asset value beat.
BofA stays 'overweight' value versus growth, spies upside potential
Strategists at Bank of America reiterated their 'overweight' stance on so-called 'value' stocks versus 'growth', telling clients that it was the best way to position for an economic recovery into 2021 with potential upside to be had in the group versus their base case.
Friday broker round-up
Quilter: Barclays initiates at equal weight with a target price of 140p.
JP Morgan raises target price on Grainger
Analysts at JP Morgan upped their target price on residential property business Grainger on Friday from 320. 0p to 350. 0p, citing the group's recent full-year net asset value beat.
Liberum raises price target for Naked Wines
Liberum has upped its price target on Naked Wines after the Covid-19 pandemic fuelled a surge in sales.
Barclays starts coverage of investment platforms, likes IntegraFin
Barclays initiated coverage on AJ Bell, Quilter and IntegraFin on Friday, as it noted that UK investment platforms have traded at high multiples since their debuts in 2018, reflecting attractive structural assets under management growth.
Global equities to rise 15% in 2021, Credit Suisse predicts
Global equity markets will rise by 15% by the end of 2021 bolstered by policy support and a move out of bonds, Credit Suisse analysts predicted.
Berenberg raises target price on IWG
Analysts at Berenberg upped their target price on serviced offices provider IWG from 350. 0p to 425. 0p on Friday, stating the group's "capital-light model" looked set to transform its profit and loss standing.
Citi ups rating on Croda following Iberchem deal
Citi has upgraded Croda International to a ‘buy’ following the chemicals group’s €820m acquisition of Spain’s Iberchem.