Broker Tips
Broker tips: Ashtead, Cairn Energy, Hiscox, Sainsburys
Deutsche Bank upgraded its stance on equipment rental firm Ashtead to 'buy' from 'hold' on Thursday and hiked the price target to 4,100p from 3,000p, based on "growth opportunity and lower cyclicality", as it said the Specialty business was a game changer.
Jefferies downgrades Hiscox, cuts target price
Jefferies has downgraded Hiscox to ‘hold’ in the wake of the Supreme Court judgement on business interruption claims.
Canaccord Genuity slightly lowers target price on Cairn Energy
Analysts at Canaccord Genuity slightly lowered their target price on Cairn Energy from 220. 0p to 210. 0p on Thursday, citing challenges resulting from "a greater imperative for a transaction" in a higher oil price environment.
Berenberg ups Sainsbury's to 'hold' in consumer review
Berenberg upgraded Sainsbury's shares to 'hold' and increased its price target for Marks & Spencer as the bank advised investors to concentrate on consumer companies with fundamental strengths rather than short-term earnings.
Ashtead Specialty business a game changer, says Deutsche Bank
Deutsche Bank upgraded its stance on equipment rental firm Ashtead to ‘buy’ from ‘hold’ on Thursday and hiked the price target to 4,100p from 3,000p, based on "growth opportunity and lower cyclicality", as it said the Specialty business is a game changer.