Broker Tips
Broker tips: 888 Holdings, Quilter, ITM Power
Analysts at Berenberg slashed their target price on bookmaker 888 Holdings from 320. 0p to 220. 0p on Tuesday, stating interest costs remained "a burden".
Investors remain 'bearish', BofA fund manager survey shows
Humans remained bearish albeit a lot less so than in the last quarter of 2022, BofA's global fund manager survey for January showed.
RBC slashes target on ITM Power, says capacity expansion and commercial credibility key
Analysts at RBC slashed their target price for shares of ITM Power, the energy storage and clean fuel company, from 500. 0p to 260. 0p.
JPMorgan downgrades Quilter, puts stock on 'negative catalyst watch'
JPMorgan Cazenove downgraded Quilter on Tuesday to ‘underweight’ from ‘neutral’ and cut the price target to 74p from 83p, placing the stock on ‘negative catalyst watch’.
Berenberg lowers target price on 888 Holdings
Analysts at Berenberg slashed their target price on bookmaker 888 Holdings from 320. 0p to 220. 0p on Tuesday, stating interest costs remained "a burden".
Broker tips: Rotork, Man Group, Ashtead Technology
Analysts at RBC Capital Markets downgraded industrial valve manufacturer Rotork from 'outperform' to 'sector perform' on Monday, citing "reduced upside".
Jefferies upgrades Man Group, downgrades abrdn
Analysts at Jefferies upgraded investment manager Man Group from 'hold' to 'buy' on Monday but lowered abrdn from 'buy' to 'hold' as it took a fresh look at the UK sector.
European equity market rally to start fading, says JPMorgan
JPMorgan Cazenove said in an equity strategy note on Monday that the current rally in European equity markets will likely start fading as we move through the first quarter.
Canaccord Genuity raises target price on Ashtead Technology
Analysts at Canaccord Genuity raised their target price on underwater technologies and support services group Ashtead Technology from 375. 0p to 400. 0p on Monday following the firm's "strong close" to 2022.
RBC Capital Markets downgrade Rotork to 'sector perform'
Analysts at RBC Capital Markets downgraded industrial valve manufacturer Rotork from 'outperform' to 'sector perform' on Monday, citing "reduced upside".
Broker tips: Pendragon, Whitbread
Analysts at Berenberg resumed coverage on used car dealers Pendragon at 'buy' on Friday after suspending its coverage on the stock back in September, stating the firm was now "back to business".
Jefferies raises target price on Whitbread
Analysts at Jefferies raised their target price on hotel operator Whitbread from £30 per share to £35 following what it called "a premier quarter".
Berenberg resumes coverage on Pendragon at 'buy'
Analysts at Berenberg resumed coverage on used car dealers Pendragon at 'buy' on Friday after suspending its coverage on the stock back in September, stating the firm was now "back to business".
Broker tips: Focusrite, Rio Tinto, Antofagasta, Clarkson
Analysts at Berenberg initiated coverage on audio-products company Focusrite with a 'buy' rating and 1,100. 0p target price on Thursday, citing a number of near-term tailwinds and M&A optionality.
BofA upgrades Vodafone to 'buy', says dividend cut 'arguably' priced in
Analysts at Bank of America upgraded their recommendation for shares of Vodafone from 'neutral' to 'buy'.
Canaccord Genuity initiates coverage on Clarkson at 'buy'
Analysts at Canaccord Genuity initiated coverage on shipping services firm Clarkson with a 'buy' rating and 4,040. 0p target price on Thursday, citing both "progress and profit".
Barclays downgrades Antofagasta, upgrades Rio
Barclays downgraded Antofagasta but upgraded Rio Tinto on Thursday as it took a look at European metals and mining stocks, arguing that the China pivot has room to run.
RBC Capital upgrades DCC to ‘outperform’
RBC Capital Markets upgraded DCC on Thursday to ‘outperform’ from ‘sector perform’ following share price underperformance.
Berenberg initiates coverage on Focusrite at 'buy'
Analysts at Berenberg initiated coverage on audio-products company Focusrite with a 'buy' rating and 1,100. 0p target price on Thursday, citing a number of near-term tailwinds and M&A optionality.
Broker tips: Close Brothers, Frontier Developments
Analysts at Canaccord Genuity slapped merchant banking group Close Brothers with a double downgrade from 'buy' to 'sell' and cut their target price on the stock from 1,483. 0p to 992. 0p, warning that macro risks had still not been "fully priced in".