Broker Tips
Broker tips: ITV, Ferrexpo, Experian, Pearson
Analysts at Berenberg raised their target price on broadcaster ITV from 95. 0p to 112. 0p on Wednesday but raised questions about the group's advertising revenues when "normal life" resumes.
Wednesday broker round-up
Ultra Electronics: JP Morgan upgrades to overweight with a target price of 2,350p.
Shore cuts rating on 'too far, too soon' Virgin Money
Virgin Money UK's shares have risen "too far, too soon", Shore Capital said as the broker cut its rating on the bank to 'hold'.
BofA Merrill Lynch reiterates 'overweight' on Pearson, hikes price target
Bank of America Merrill Lynch upped its price target on educational publisher Pearson and reiterated its ‘overweight’ rating following the release of its full-year results.
Berenberg raises target price on ITV
Analysts at Berenberg raised their target price on broadcaster ITV from 95. 0p to 112. 0p on Wednesday but raised questions about the group's advertising revenues when "normal life" resumes.
Barclays equity strategy: EPS growth key to offsetting rise in bond yields
Increasing momentum in analysts' estimates for company earnings is helping to offset the pressure from rising government bond yields on shares' valuation multiples, analysts at Barclays Research said.
'Super cautious' OPEC stance on output increases could backfire, Citi says
The "super cautious" approach adopted by Saudi when it comes to adding to global crude oil supplies might backfire on the Organisation of Petroleum Exporting Countries and its allies, Citi argued.
JP Morgan restates 'overweight' rating on Experian
JP Morgan reiterated its 'overweight" rating on Experian and made the credit checker its "top idea" after a recent decline in the share price.
Liberum upgrades Ferrexpo to ‘buy’, hikes price target
House broker Liberum upgraded its rating on shares of iron ore company Ferrexpo to ‘buy’ from ‘hold’ on Wednesday, hiking the price target to 500p from 180p.