Broker Tips
Broker tips: Tullow Oil, SSP, Unite, Polypipe, Redrow
Analysts at Canaccord Genuity have lowered their target price on exploration and production outfit Tullow Oil from 33. 0p to 20. 0p and dropped their rating on the stock from 'hold' to 'sell'.
Deutsche Bank raises target price on Polypipe
Analysts at Deutsche Bank raised their target price on Polypipe from 561. 0p to 602. 0p on Wednesday after the group raised 2020 underlying earnings guidance once again.
Wednesday broker round-up
Unite Group: Barclays downgrades to underweight with a target price of 850p.
Redrow interims to be catalyst for shares, JP Morgan says
Redrow’s first-half results will help the company’s shares narrow the gap with the rest of the UK housebuilders, JP Morgan said.
Barclays expects European equities to 'grind higher', despite near-term risks
Barclays believes European equities will continue to move higher this year, despite the potential for near-term volatility.
Canaccord Genuity downgrades Tullow oil to 'sell'
Analysts at Canaccord Genuity have lowered their target price on exploration and production outfit Tullow Oil from 33. 0p to 20. 0p and dropped their rating on the stock from 'hold' to 'sell'.
Barclays downgrades Unite Group, cuts price target
Barclays has downgraded Unite Group on the back of the student accommodation provider’s ongoing exposure to the Covid-19 pandemic.
Barclays upgrades Persimmon, Taylor Wimpey
Barclays adjusted its ratings on UK housebuilding stocks on Wednesday, lifting its stance on Persimmon and Taylor Wimpey, but downgrading Barratt Developments and Crest Nicholson.
Berenberg upgrades Upper Crust owner SSP, shares rally
Berenberg has upgraded SSP Group to ‘buy’ on "compelling" longer-term growth opportunities, despite the near-term risks.