Broker Tips
Broker tips: Ocado, Next, IQE
Berenberg downgraded Ocado shares to 'hold' from 'buy' on Friday and cut the price target to 2,390. 0p from 2,925. 0p as it said the grocer was a great company but noted that expectations were high.
IAG hopeful about transatlantic restart, BofA says
IAG thinks successful vaccine programmes in the US and UK bode well for transatlantic travel restarting, Bank of America said.
Friday broker round-up
Ocado Group: Berenberg downgrades to hold with a target price of 2,390p.
Jefferies upgrades BAT, downgrades Imperial Tobacco
Jefferies downgraded Imperial Tobacco on Friday as it pointed to risks from its focus on legacy assets, and upgraded British American Tobacco and Altria.
Canaccord Genuity downgrades IQE to 'hold'
Analysts at Canaccord Genuity lowered their rating on semiconductors outfit IQE from 'speculative buy' to 'hold' on Friday, citing what it called a "gross margin conundrum".
Berenberg cuts Ocado to ‘hold’, says high expectations are built in
Berenberg downgraded Ocado shares to ‘hold’ from ‘buy’ on Friday and cut the price target to 2,390p from 2,925p as it said it’s a great company but expectations are high.
RBC Capital upgrades Next to 'outperform'
RBC Capital Markets upgraded Next shares to ‘outperform’ from ‘sector perform’ on Friday, hiking the price target to 8,800p from 8,100p as it said the retailer should continue to benefit from its strong online and credit offer.