Broker Tips
Morgan Stanley downgrades B&M to ‘underweight’
Morgan Stanley downgraded B&M European Value Retail on Friday to ‘underweight’ from ‘equalweight’ as it said like-for-like growth is slowing and it expects margins to contract year-over-year in FY25, which is a worse outlook than UK retail peers.
JPMorgan upgrades Severn Trent, United Utilities
JPMorgan Cazenove upgraded Severn Trent and United Utilities on Friday and placed both on ‘positive catalyst watch’ as it turned more positive on the UK water sector for the first time since it turned cautious in 2022.
Citi lifts target price for Rolls-Royce as rally continues
Rolls-Royce's recent share price rally has further to run, according to Citi, which lifted its target price for the stock on Friday.
Broker tips: SSP, Spectris, YouGov
Berenberg downgraded its stance on shares of Upper Crust owner SSP to ‘hold’ from ‘buy’ on Thursday and cut the price target to 180p from 280p as it said first-half results outlined earnings risks.
Berenberg downgrades SSP to 'hold'
Berenberg downgraded its stance on shares of Upper Crust owner SSP to ‘hold’ from ‘buy’ on Thursday and cut the price target to 180p from 280p as it said first-half results outlined earnings risks.
JPMorgan slashes Spectris price target after profit warning
JPMorgan Cazenove cut its price target on Spectris on Thursday to 2,750p from 2,950p as it downgraded forecasts following the company’s profit warning a day earlier.
Berenberg slashes YouGov price target
Berenberg slashed its price target on YouGov on Thursday to 1,200p from 1,350p after the company warned that full-year profits and revenue will be lower than expected due to slow demand in its data products division.
Berenberg hikes target price for Oxford Instruments
Berenberg has hiked its price target for shares of Oxford Instruments by 12% and reiterated a 'buy' rating, saying that the stock still trades at a significant discount to others in the sector despite strong growth momentum.
Jefferies lifts Hargreaves Lansdown price target, cuts to ‘hold’
Jefferies lifted its price target on Hargreaves Lansdown on Wednesday to 1,140p from 1,035p but cut the rating to ‘hold’ from ‘buy’ after the investment platform said a day earlier that it would recommend a 1,140p a share takeover offer from a consortium led by CVC.
CMC Markets valuation too 'generous', says Canaccord Genuity
Analysts at Canaccord Genuity reiterated their 'sell' recommendation for shares of CMC Markets, arguing that their valuation was too "generous".
Bellway takeover might be best option for Crest Nicholson, says RBC
RBC Capital Markets has hiked its target price for Crest Nicholson from 175p to 250p, but kept an 'underperform' rating after the housebuilder rejected a second takeover offer from peer Bellway.
Broker tips: SSP, Rentokil, Aston Martin
Goldman Sachs downgraded SSP on Monday to ‘sell’ from ‘neutral’ "on a relative basis" as it took a look at European travel concessions.
Jefferies cuts Aston Martin price target, shares slump
Jefferies cut its price target on Aston Martin Lagonda shares on Monday to 250p from 275p as it pointed to reduced earnings and delayed deleveraging.
RBC Capital continues to see ‘significant’ upside for Rentokil
RBC Capital Markets said on Monday that it continues to see "significant" upside for Rentokil Initial shares, "although clearly there is still lots to do, with peak branch integration still 12 months away".
Goldman Sachs downgrades SSP to ‘sell’, prefers WH Smith
Goldman Sachs downgraded SSP on Monday to ‘sell’ from ‘neutral’ "on a relative basis" as it took a look at European travel concessions.
Citi downgrades European equities to ‘neutral’
Citi downgraded its stance on European equities on Monday to ‘neutral’ from ‘overweight’ as it said near-term risks have increased, with markets narrowing and political uncertainty taking centre stage.
Rising freight costs shouldn't hit B&M too much, says RBC
RBC Capital Markets has said that rising freight costs shouldn't have a material impact on budget retail B&M, as it kept an 'outperform' rating on the stock.
Broker tips: Halma, Genuit
Analysts at Berenberg hiked their target price on safety equipment business Halma from 2,295. 0p to 2,450. 0p on Friday following the group’s full-year earnings report a day earlier.
RBC Capital Markets starts Genuit at ‘sector perform’
RBC Capital Markets initiated coverage of Genuit on Friday with a ‘sector perform’ rating and 515p price target.
Berenberg raises target price on Halma following 'good' FY results
Analysts at Berenberg hiked their target price on safety equipment business Halma from 2,295. 0p to 2,450. 0p on Friday following the group’s full-year earnings report a day earlier.