Broker Tips
Numis cuts Frontier Developments to 'sell', sees risk of capital raise
Analysts at Numis axed their target price for shares of Frontier Developments from 1,450. 0p to 375. 0p and downgraded their shares to 'sell', pointing to an assortment of potential headwinds bearing down on the game software developer and its ability to hit its own guidance.
Canaccord Genuity hits Close Brothers with double downgrade
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".
Berenberg downgrades Frontier Developments to 'hold', slashes target price
Analysts at Berenberg downgraded video game developer Frontier Developments from 'buy' to 'hold' on Wednesday and slashed their target price on the stock from 2,000. 0p to 620. 0p, stating there was "significant uncertainty" as headwinds continue to grow.
Broker tips: Anpario, Softcat, Superdry
Analysts at Canaccord Genuity slashed their target price on animal feed manufacturer Anpario from 800. 0p to 580. 0p on Tuesday following an "unusually challenging" trading year.
Canaccord Genuity slashes target price on Anpario
Analysts at Canaccord Genuity slashed their target price on animal feed manufacturer Anpario from 800. 0p to 580. 0p on Tuesday following an "unusually challenging" trading year.
Softcat slumps on UBS downgrade to ‘sell’
IT infrastructure and services provider Softcat was under the cosh on Tuesday after UBS downgraded the shares to ‘sell’ from ‘neutral’ and cut the price target to 1,070p from 1,220p.
RBC Capital downgrades Superdry to 'sector perform'
RBC Capital Markets downgraded Superdry on Tuesday to ‘sector perform’ from ‘outperform’, saying the shares are now "more fairly valued".
Broker tips: BT, B&M, M&S
Citi upgraded BT Group to 'buy' from 'neutral' on Monday as it argued that pricing momentum could offset free cash flow headwinds.
Jefferies raises target price on Marks & Spencer
Analysts at Jefferies raised their target price on retailer Marks & Spencer from 115. 0p to 125. 0p on Monday after market share data confirmed a "strong Q3" for the group.
StanChart is 'cheap' but rationale for takeover challenged by scant synergies, Barclays says
Shares of StanChart were indeed "cheap", demonstrating the "attractive" value on offer in European lenders, analysts at Barclays judged.
Morgan Stanley says S&P 500 may bottom at around 3,000 points
US stocks were set to fall much further than many pessimists anticipated with a recession likely to add to their losses, Morgan Stanley strategists said.
JP Morgan says start taking profits, Europe to outperform, stays long commodity equities
Equity strategists at JP Morgan told clients that now might be a good time to start taking profits on the EuroStoxx 50, going on to explain that some of the main drivers of European outperformance were now much more priced in, even if "not by any means exhausted".
Berenberg hikes target price on 'well placed' B&M
Analysts at Berenberg raised their target price on discount retailer B&M from 460. 0p to 525. 0p on Monday, stating the group was "well set for 2023".
Citi upgrades BT Group to 'buy'
Citi upgraded BT Group to ‘buy’ from ‘neutral’ on Monday as it argued that pricing momentum could offset free cash flow headwinds.
Broker tips: Next, Inchcape
Credit Suisse downgraded Next to 'underperform' from 'neutral' as it said the shares were likely to underperform stocks that look cheap versus history.
Berenberg slightly raises target price on Inchcape
Analysts at Berenberg slightly raised their target price on automotive distribution, retail, and services company Inchcape from 1,035. 0p to 1,085. 0p on Friday following the group's acquisition of Derco.
Credit Suisse downgrades Next to ‘underperform’
Credit Suisse downgraded Next on Friday to ‘underperform’ from ‘neutral’ as it said the shares were likely to underperform stocks that look cheap versus history.
Broker tips: HSBC, RyanAir, Prudential
Jefferies upgraded HSBC on Thursday to ‘buy’ from ‘hold’ and hiked the price target to 770p from 574p as it said the bank was positively-geared to a re-opening in China.
Exane downgrades Prudential to 'underperform'
Exane downgraded Prudential on Thursday to ‘underperform’ from ‘neutral’ as it said the investment case is about "jam tomorrow, not jam today".
Jefferies upgrades HSBC to ‘buy’
Jefferies upgraded HSBC on Thursday to ‘buy’ from ‘hold’ and hiked the price target to 770p from 574p as it said the bank was positively-geared to a re-opening in China.