Broker Tips
Broker tips: Jupiter Fund Management, Legal & General, M&G, Diageo
Analysts at Canaccord Genuity downgraded fund manager Jupiter Fund Management from 'buy' to 'hold' on Tuesday, stating upside was "limited" after the group's recent re-rating.
Investec upgrades Diageo to 'buy'
Investec upgraded Diageo on Tuesday to ‘buy’ from ‘hold’ on valuation grounds, following the share price decline.
Berenberg downgrades L&G and M&G to 'hold'
Analysts at Berenberg downgraded insurers Legal & General and M&G from 'buy' to 'hold' on Tuesday, citing high correlation to credit and the UK economy, as well as a lack of organic growth in the latter's asset-management business.
Canaccord Genuity downgrades Jupiter Fund Management to 'hold'
Analysts at Canaccord Genuity downgraded fund manager Jupiter Fund Management from 'buy' to 'hold' on Tuesday, stating upside was "limited" after the group's recent re-rating.
Broker tips: Treatt, Tritax Big Box
Analysts at Berenberg took a fresh look at food chemicals manufacturer Treatt on Monday, stating it was "so far so good" for the group in its current trading year.
RBC Capital Markets reiterates 'outperform' rating on Tritax Big Box
RBC Capital Markets reiterated its 'outperform' rating and 195. 0p target price on Tritax Big Box on Monday following the group's recent trading update.
Berenberg upgrades Tesla, says price cuts are 'investment in growth'
Berenberg has upgraded Tesla to ‘buy’ from ‘hold’, pointing to "misguided pricing concerns" and a share price collapse since the bank’s last update.
Berenberg reiterates 'buy' rating on Treatt
Analysts at Berenberg took a fresh look at food chemicals manufacturer Treatt on Monday, stating it was "so far so good" for the group in its current trading year.
Broker tips: Direct Line, Close Brothers, eEnergy
Analysts at Berenberg very slightly lowered their target price on insurance group Direct Line from 160. 0p to 159. 0p on Friday following the announcement of its quota share deal.
Peel Hunt downgrades Close Brothers, cites Novitas provisions
Peel Hunt downgraded Close Brothers on Friday to ‘hold’ from ‘add’ and cut the price target by around 18% to 1,031p as it lowered earnings per share estimates by 55% for FY23 and by 4% for FY24 and FY25.
Canaccord Genuity makes 'minor changes' to eEnergy Group forecasts
Analysts at Canaccord Genuity made a number of minor changes to its forecasts for eEnergy Group on Friday, stating it was approaching the firm with "cautious optimism" going into 2023.
Berenberg slightly lowers target price on Direct Line
Analysts at Berenberg very slightly lowered their target price on insurance group Direct Line from 160. 0p to 159. 0p on Friday following the announcement of its quota share deal.
Broker tips: Ocado, Boohoo, Hiscox
RBC Capital Markets downgraded its stance on online supermarket Ocado and fast-fashion retailer Boohoo on Thursday.
RBC Capital downgrades Ocado, Boohoo
RBC Capital Markets downgraded its stance on online supermarket Ocado and fast-fashion retailer Boohoo on Thursday.
JPMorgan says Lloyd's insurers 'on cusp of a golden era', upgrades Hiscox
JPMorgan Cazenove upgraded Hiscox on Thursday as it took a look at Lloyd’s insurers.
Broker tips: Experian, Darktrace, Direct Line
Credit Suisse downgraded Experian on Wednesday to ‘neutral’ from ‘outperform’ and cut the price target to 2,900p from 3,250p as it said the shares look "fairly valued".
Berenberg downgrades Direct Line to 'hold'
Berenberg downgraded Direct Line on Wednesday to ‘hold’ from ‘buy’ and slashed the price target to 160p from 272p, as it said investors should be prepared for no dividend per share for 2023.
Morgan Stanley says broader growth story intact at Darktrace, upgrades
Analysts at Morgan Stanley upgraded their recommendation for shares of Darktrace from 'equalweight' to 'overweight', arguing that the "broader growth story remained intact".
Credit Suisse downgrades Experian, says it’s fairly valued
Credit Suisse downgraded Experian on Wednesday to ‘neutral’ from ‘outperform’ and cut the price target to 2,900p from 3,250p as it said the shares look "fairly valued".
Broker tips: Dunelm, EasyJet, IAG, Ryanair
Analysts at Berenberg raised their target price on retailer Dunelm from 1,130. 0p to 1,240. 0p on Tuesday, stating the group's numbers "increasingly well underpinned".