Broker Tips
Broker tips: Burberry, Barratt Developments, Johnson Matthey
Goldman Sachs upgraded its stance on luxury brand Burberry to ‘neutral’ from ‘sell’ and lifted the price target to 1,690p from 1,595p as it said the risk/reward is now more balanced.
Friday broker round-up
Burberry: Goldman Sachs upgrades to neutral with a target price of 1,690p.
Burberry risk/reward now more balanced, says Goldman
Goldman Sachs upgraded its stance on luxury brand Burberry to ‘neutral’ from ‘sell’ and lifted the price target to 1,690p from 1,595p as it said the risk/reward is now more balanced.
Liberum upgrades Barratt Developments to 'buy'
Analysts at Liberum upgraded Barratt Developments from 'hold' to 'buy' and raised their target price on the homebuilder to 735. 0p from 690. 0p on the back of the group's better-than-expected first-half earnings.
Berenberg initiates Anglo American with 'buy' rating
Berenberg advised investors to ‘buy’ Anglo American as the broker published an upbeat view of the sector’s long-term prospects and potential to pay dividends.
Barclays downgrades Johnson Matthey to 'underweight'
Barclays downgraded specialty chemicals company Johnson Matthey to ‘underweight’ from ‘equalweight’ and cut the price target to 2,570p from 2,640p.