Broker Tips
Broker tips: Admiral, BAE Systems, Hipgnosis
Insurer Admiral tanked on Tuesday after Citi downgraded its stance on the shares to ‘sell’, saying that a ‘deep dive’ into industry loss ratio trends had suggested that consensus estimates for the group are currently an outlier.
Jefferies upgrades Hipgnosis to 'buy'
Jefferies has upgraded Hipgnosis Songs Fund to ‘buy’, after the risk-reward dynamic for the music investment firm became ‘more favourable’.
Morgan Stanley starts ‘top pick’ BAE Systems at ‘overweight’
Morgan Stanley started coverage of BAE Systems on Tuesday with an ‘overweight’ rating and 1,208p price target, as it initiated coverage on the European defence sector.
Citi downgrades Admiral to 'sell', shares slide
Insurer Admiral tanked on Tuesday after Citi downgraded its stance on the shares to ‘sell’, saying that a ‘deep dive’ into industry loss ratio trends had suggested that consensus estimates for the group are currently an outlier.
UBS ups ratings on Crest Nicholson, Persimmon and Vistry
UBS has upgraded Crest Nicholson, Persimmon and Vistry Group in its latest review of UK housebuilders.
Broker tips: Housebuilders, Dr Martens, REITS
UBS has upgraded Crest Nicholson, Persimmon and Vistry Group in its latest review of UK housebuilders.
BofA ups Carnival to 'buy', says industry demand 'steady'
Analysts at BofA Securities upgraded their recommendation for shares of Carnival from 'neutral' to 'buy'.
Goldman Sachs downgrades Great Portland, Segro
Goldman Sachs downgraded Great Portland Estates and Segro on Monday as it took a look at real estate investment trusts.
Berenberg initiates coverage of ME Group
Berenberg has initiated coverage of ME Group International with a ‘buy’ rating.
RBC Capital Markets cuts Dr Martens price target as it lowers estimates
RBC Capital Markets slashed its price target on Dr Martens on Monday to 150p from 180p, keeping the rating at ‘sector perform’, as it lowered estimates after the bootmaker’s results.
BofA analysts say S&P 500 'bear market' now dead
Equity analysts at Bank of America Securities sounded a 'bullish' note on the outlook for stocks, declaring the 'bear market' "officially over" and telling clients the new 'bull market' had legs.
Broker tips: Hammerson, Lloyds, British Land, Landsec
Barclays upgraded Hammerson on Friday to ‘overweight’ from ‘underweight’ and lifted the price target to 30p from 25p.
RBC Capital cuts British Land price target, ups PT on Landsec
RBC Capital Markets cut its price target on British Land on Friday but upped it on Landsec.
Barclays double upgrades Hammerson to ‘overweight’
Barclays upgraded Hammerson on Friday to ‘overweight’ from ‘underweight’ and lifted the price target to 30p from 25p.
Citi removes Lloyds from ‘EMEA Focus List’, keeps at ‘buy’
Citi removed Lloyds Banking Group from its ‘EMEA Focus List’ on Friday as it pointed to headwinds in the second quarter.
Citi upgrades Rio Tinto to 'buy'
Citi upgraded Rio Tinto on Thursday to ‘buy’ from ‘neutral’ as it took a look at the metals and mining sector.
Broker tips; NatWest, Lloyds, Rio Tinto
JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, it said in a note published on Thursday on UK banks.
JP Morgan backs NatWest over Lloyds
JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, in a note published on Thursday on UK banks.
Broker tips: Pets at Home, SSP Group
Berenberg lifted its price target on Pets at Home on Wednesday to 460p from 430p as it said the company’s strong momentum continued through Q423, "meaning a further removal of concerns around the impact of the weak consumer backdrop and a potential post-Covid-19 normalisation in pet spend".
Jefferies bumps up SSP price target
Jefferies upped its price target on shares of SSP on Wednesday to 340p from 325p.