Broker Tips
Berenberg starts SSP Group at 'hold', says further cash raise 'likely'
Analysts at Berenberg kicked off coverage of SSP Group with a recommendation to 'hold', judging that the risk/reward balance was "evenly balanced" following the shares' recent run higher - although they did like the long-run opportunities that they offered.
Bitcoin may pose multi-year headwind for gold, JP Morgan says
Gold may be in for a bumpy ride over the medium to long-term if institutional investors continue to shift away from the yellow metal and towards Bitcoin, a JP Morgan strategist argued.
Wednesday broker round-up
National Grid: Citigroup upgrades to buy with a target price of 970p.
Berenberg raises target price on NewRiver REIT
Analysts at Berenberg raised their target price on real estate investment trust NewRiver from 75. 0p to 90. 0p on Wednesday but noted that prospects for the group's two segments, retail and pubs, remained "materially differentiated".
JP Morgan praises Ashtead's Q2 results, sees scope for big upgrade to consensus
Analysts at JP Morgan reiterated their 'overweight' stance on shares of equipment rental outfit Ashtead following second quarter financials that beat consensus on every line, including its "exceptionally strong" free cash flows and upwardly revised guidance for rental revenues and cash flows.
Citi sees scope for 'short squeeze' on S&P 500
Building losses among $18bn that investors have in 'short' positions on the S&P 500 could result in a so-called 'short squeeze' on the US equity benchmark taking it above 3,750, strategists at Citi said.
Citi upgrades National Grid to 'buy' pointing to small premium versus RAB
Analysts at Citi upgraded their recommendation for shares of National Grid to 'buy', pointing to the significant valuation discount versus peers.
RBC initiates coverage of Cranswick, Hilton Food at 'sector perform'
RBC Capital Markets initiated coverage of Cranswick and Hilton Food on Wednesday, both at ‘sector perform’.
Jefferies upgrades Whitbread, downgrades InterContinental in leisure overview
Jefferies has upgraded Whitbread but downgraded both InterContinental Hotels Group and On The Beach Group following the latest Covid-19 vaccine developments.
Broker tips: MJ Gleeson, Vistry, Taylor Wimpey, Whitbread, IHG
Analysts at Berenberg raised their target price on construction outfit MJ Gleeson from 720. 0p to 842. 0p on Tuesday following the last week's positive trading update from the group.
Liberum initiates coverage of challenger banks, OneSavings top pick
Liberum has initiated coverage of five challenger banks and specialist lenders, with ‘buy’ ratings on OneSavings Bank, Virgin Money UK and Paragon Banking Group.
Berenberg raises target price on MJ Gleeson
Analysts at Berenberg raised their target price on construction outfit MJ Gleeson from 720. 0p to 842. 0p on Tuesday following the last week's positive trading update from the group.
Bull market in European equities has legs, says Barclays
The bull market in European equities has legs, Barclays said in a strategy note on Tuesday, as it argued it will extend into 2021 and that investors should use potential dips as buying opportunities.
Deutsche Bank upgrades Taylor Wimpey, downgrades Vistry
Deutsche Bank said on Tuesday that it remains "constructive" towards the UK housebuilding sector as it changed its ratings on three London-listed names.
Broker tips: Pendragon, Micro Focus, Rotork, Superdry
Analysts at Berenberg upgraded automotive retailer Pendragon from 'hold' to 'buy' on Monday, pointing to "material upside" in the group's share price.
HSBC downgrades Wizz Air to 'hold' on valuation grounds
HSBC downgraded its stance on shares of Wizz Air on Monday to ‘hold’ from ‘buy’ as it took a look at the European airlines sector.
Berenberg upgrades Pendragon to 'buy'
Analysts at Berenberg upgraded automotive retailer Pendragon from 'hold' to 'buy' on Monday, pointing to "material upside" in the group's share price.
JP Morgan sees positive equities mood carrying into 2021
JP Morgan said it expected the positive mood for equities to carry over into 2021 despite some technical measures appearing "toppy" in the short term.
Peel Hunt says 'highly likely' Games Workshop will beat its new full-year estimates
Analysts at Peel Hunt sounded a positive note on the valuation and business outlook for Games Workshop after the firm upgraded its forecast for profits for the second time in just over a month.
Micro Focus surges again as Goldman upgrades to 'buy'
Shares of Micro Focus surged on Monday after Goldman Sachs upgraded the software company to ‘buy’ from ‘neutral’ and hiked the price target to 650p from 335p.