Broker Tips
Broker tips: DFS, JD Sports
Analysts at Berenberg downgraded their recommendation for shares of DFS Furniture from 'buy' to 'hold' on anticipation that management's guidance for improved demand in mid-2024 would prove premature.
Berenberg downgrades DFS, prefers Dunelm
Analysts at Berenberg downgraded their recommendation for shares of DFS Furniture from 'buy' to 'hold' on anticipation that management's guidance for improved demand in mid-2024 would prove premature.
Berenberg impressed by "exceptional" dealmaking at Diploma
Berenberg has hiked its target price for controls, seals and life sciences equipment firm Diploma by 16%, saying there is "a lot to like" about this week's acquisition of US-based specialty fasteners business Peerless.
JD Sports update provides 'sense of relief', says Shore Capital
Shore Capital has reiterated its 'buy' rating for JD Sports after a reassuring trading update from the sportswear and footwear retailer, which has given the stock a boost as it recovers after a profit warning at the start of the year.
Broker tips: IAG, Dr. Martens, Ascential
JPMorgan Cazenove placed shares of BA and Iberia owner IAG on ‘positive catalyst watch’ on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.
Citi sees more than 20% upside for Ascential, stays at 'buy'
Analysts at Citi told clients they saw more than 20% upside in shares of Ascential, when not more.
RBC Capital cuts Dr Martens target price
RBC Capital Markets cut its price target on Dr Martens on Wednesday to 85p from 100p as it lowered its estimates for FY24-26 earnings per share by 7% to 10%.
JPMorgan puts IAG on ‘positive catalyst watch’ ahead of Q1 results
JPMorgan Cazenove placed shares of BA and Iberia owner IAG on ‘positive catalyst watch’ on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.
Broker tips: Dr. Martens, Mobico, Auto Trader
Goldman Sachs downgraded Dr Martens to ‘sell’ from ‘neutral’ on Tuesday and cut the price target to 87p from 93p.
RBC Capital downgrades Mobico to 'sector perform'
RBC Capital Markets downgraded Mobico on Tuesday to ‘sector perform’ from ‘outperform’ and cut the price target to 80p from 110p following the company’s update a day earlier.
JPMorgan puts Auto Trader on 'negative catalyst watch'
Auto Trader slumped on Tuesday as JPMorgan Cazenove placed the shares on ‘negative catalyst watch’ ahead of FY24 results in May.
Goldman Sachs downgrades Dr Martens to ‘sell’
Goldman Sachs downgraded Dr Martens to ‘sell’ from ‘neutral’ on Tuesday and cut the price target to 87p from 93p.
Broker tips: Ashtead, Experian
JPMorgan Cazenove said on Monday that Experian was its top pick in the European business services sector, along with Bureau Veritas, both of which it rates at ‘overweight’.
Experian 'top pick', says JPMorgan
JPMorgan Cazenove said on Monday that Experian was its top pick in the European business services sector, along with Bureau Veritas, both of which it rates at ‘overweight’.
JPMorgan places Ashtead on ‘positive catalyst watch’ ahead of CMD
JPMorgan Cazenove placed Ashtead on ‘positive catalyst watch’ on Monday ahead of its capital markets day in Atlanta on 29 April, as it expects the stock to outperform into/on the event.
Broker tips: Redrow, St.James's Place
Berenberg has cut its rating for housebuilder Redrow from 'buy' to 'hold' following the company's announced merger with Barratt Developments.
RBC Capital downgrades St James's Place, slashes price target
RBC Capital Markets downgraded St James’s Place on Friday to ‘sector perform’ from ‘outperform’ and slashed the price target to 500p from 900p.
Berenberg downgrades Redrow on limited upside
Berenberg has cut its rating for housebuilder Redrow from 'buy' to 'hold' following the company's announced merger with Barratt Developments.
Broker tips: Redrow, IAG, Vistry
RBC Capital Markets downgraded Redrow on Thursday to ‘sector perform’ from ‘outperform’ following a period of outperformance and the fact the share price is now linked to that of Barratt Developments.
Berenberg ups targets for Vistry but risks remain
Berenberg has hiked its target price for partnerships-focused affordable-housing builder Vistry by 15% but kept a 'hold' rating on the stock, saying the company is "well positioned, but delivery risk remains".