Broker Tips
Broker tips: Rolls-Royce, TI Fluid Systems, Ferguson, Standard Chartered
Rolls-Royce rallied on Wednesday as JPMorgan Cazenove upgraded shares of the engine maker to 'neutral' from 'underweight', highlighting four reasons behind the change, despite "major challenges".
BofA stays at 'hold' on BAE Systems after sector conference
Analysts at Bank of America reiterated their 'hold' recommendation for shares in BAE Systems following the investment bank's Global Industrials Conference, at which the defence engineering group's boss, Charles Woodburn, was in attendance.
HSBC upgrades Standard Chartered, cites optimism on revenue growth
HSBC upgraded shares of Standard Chartered on Wednesday to ‘buy’ from ‘hold’ and lifted the price target to 550p from 430p as it said it was increasingly optimistic on future revenue growth.
Canaccord raises target price on Ferguson
Analysts at Canaccord Genuity raised their target price on plumbing and heating products distributor Ferguson from 8,900. 0p to 9,100. 0p on Wednesday, stating it now saw signs of more top-line life going into the second half of the trading year.
Deutsche Bank downgrades TI Fluid Systems on valuation grounds
TI Fluid Systems was under the cosh on Wednesday as Deutsche Bank downgraded the stock to ‘hold’ from ‘buy’ on valuation grounds, noting its strong run into 2021.
Buy DS Smith and Smurfit Kappa, Berenberg says
Berenberg upgraded DS Smith to 'buy' and initiated coverage of Smurfit Kappa with the same rating in an upbeat note on prospects for the paper and packaging sector.
JPMorgan upgrades Rolls-Royce, shares rally
Rolls-Royce rallied on Wednesday as JPMorgan Cazenove upgraded shares of the engine maker to ‘neutral’ from ‘underweight’, highlighting four reasons behind the change, despite "major challenges".