Broker Tips
Berenberg upgrades Hunting, says recent pullback is overdone
Berenberg upgraded Hunting on Thursday to ‘buy’ from ‘hold’ as it pointed to an attractive valuation and strong international sales.
Citi upgrades Softcat, downgrades Computacenter
Citi upgraded Softcat and downgraded Computacenter on Thursday as it refreshed its view on the European value-added resellers, "keeping in consideration a return to more normal growth for the space post pandemic induced spurt in demand".
Broker tips: Bunzl, Pearson
RBC Capital Markets downgraded Bunzl on Wednesday to ‘underperform’ from ‘sector perform’ and cut the price target to 2,550p from 2,850p as it said deflationary forces are building.
Citi opens ‘positive catalyst watch’ on Pearson ahead of H1 results
Citi said on Wednesday that it was opening a "positive catalyst watch" on educational publisher Pearson as it thinks the first-half results at the end of July will act as a positive catalyst.
RBC Capital downgrades Bunzl to ‘underperform’
RBC Capital Markets downgraded Bunzl on Wednesday to ‘underperform’ from ‘sector perform’ and cut the price target to 2,550p from 2,850p as it said deflationary forces are building.
Broker tips: Dowlais, Moonpig
Dowlais tumbled on Tuesday after Citi initiated coverage of the Melrose spinoff with a ‘sell’ rating and 97p price target, which implies around 20% downside.
Berenberg reiterates ‘buy’ rating on Moonpig
Berenberg reiterated its ‘buy’ recommendation on Moonpig on Tuesday as it argued that while the shares have performed well year-to-date, it continues to see a re-rating opportunity.
Citi starts Melrose spinoff Dowlais at 'sell'
Dowlais tumbled on Tuesday after Citi initiated coverage of the Melrose spinoff with a ‘sell’ rating and 97p price target, which implies around 20% downside.
Broker tips: EnQuest, Capricorn Energy, OSB, IWG
Jefferies upgraded EnQuest and Capricorn Energy on Monday on valuation versus risks grounds.
Jefferies upgrades EnQuest, Capricorn Energy to ‘buy’
Jefferies upgraded EnQuest and Capricorn Energy on Monday on valuation versus risks grounds.
JP Morgan says S&P 500 ex-Tech/AI far from priced for disappointment
Equity strategists at J. P. Morgan sounded a cautious note on the outlook for stocks, arguing that they were no longer priced for disappointment - even when excluded Technology/Artificial Intelligence out of the equation.
ShoreCap says OSB Group share price drop an 'overreaction'
Analysts at ShoreCap stood by their 'buy' recommendation for shares of OSB Group despite the lender's unscheduled 6 July update.
RBC Capital Markets cuts IWG price target
RBC Capital Markets cut its price target on IWG on Monday to 155p from 190p, keeping the rating at ‘sector perform’ as it sees better value in other cyclicals.
JPMorgan upgrades Elementis to ‘overweight’
JPMorgan Cazenove upgraded Elementis on Friday to ‘overweight’ from ‘neutral’, keeping the price target at 144p, as it pointed to a relatively better earnings outlook supported by self-help actions.
Broker tips: Mondi, Smurfit Kappa, Smiths Group
JPMorgan Cazenove upgraded packaging and paper firms Smurfit Kappa and Mondi on Thursday to ‘overweight’ from ‘neutral’ and kept DS Smith at ‘overweight’.
JPMorgan upgrades Mondi, Smurfit Kappa
JPMorgan Cazenove upgraded packaging and paper firms Smurfit Kappa and Mondi on Thursday to ‘overweight’ from ‘neutral’ and kept DS Smith at ‘overweight’.
RBC Capital upgrades Smith Group
RBC Capital Markets upgraded Smiths Group on Thursday to ‘sector perform’ from ‘underperform’ and lifted the price target.
UBS upgrades Pearson to 'buy'
UBS upgraded education publisher Pearson on Wednesday to ‘buy’ from neutral’ and lifted the price target to 970p from 930p.
Broker tips: Dunelm, Persimmon
Dunelm was under the cosh on Tuesday after RBC Capital Markets downgraded the homeware retailer to ‘underperform’ from ‘sector perform’ and slashed the price target to 1,000p from 1,300p.
JPMorgan downgrades Persimmon, reiterates cautious stance on housebuilders
JPMorgan Cazenove downgraded Persimmon on Tuesday as it reiterated its cautious stance on the UK housebuilding sector.