Broker Tips
Broker tips: St Modwen, Midwich, Berkeley
Stifel downgraded its stance on shares of St Modwen to 'hold' from 'buy' on Monday but lifted the price target to 542. 0p from 450. 0p, bringing it in line with the proposed takeover offer received by the company from US private equity firm Blackstone last week.
Credit Suisse hails IAG target for operating margins, keeps at 'outperform'
Analysts at Credit Suisse reiterated their 'outperform' recommendation and 228. 0 target price on shares of IAG, hailing management's target of returning to an operating margin of 10-15%.
Berenberg raises target price on Midwich
Analysts at Berenberg raised their target price on audiovisual distributor Midwich Group from 590. 0p to 620. 0p on Monday, stating the firm's recovery had begun.
Stifel downgrades St Modwen, lifts price target after takeover offer
Stifel downgraded its stance on shares of St Modwen to ‘hold’ from ‘buy’ on Monday but lifted the price target to 542p from 450p, bringing it in line with the proposed takeover offer received by the company from US private equity firm Blackstone last week.
JPMorgan upgrades Berkeley, says concerns are 'overplayed'
JPMorgan Cazenove upgraded Berkeley Group on Monday to ‘overweight’ from ‘neutral’ and lifted the price target to 5,400p from 5,100p as it argued that concerns are "overplayed".