Broker Tips
Anglo American's Grosvenor fire adds to operational woes, says Berenberg
Berenberg has repeated its 'sell' rating on Anglo American, saying that the recently announced fire at its Grosvenor metallurgical coal mine in Australia comes at a bad time for the miner, which continues to "struggle operationally".
Broker tips: Shaftesbury Capital, Melrose Industries, LBG Media
Citi has reiterated its 'buy' rating on London-focused property investor and developer Shaftesbury Capital ahead of its interim results in a few weeks, predicting that profits will nearly double over the medium term.
Canaccord initiates coverage on 10 multi- channel retailers
Canaccord Genuity initiated coverage on 10 multi-channel retail stocks on Monday as it said the outlook is looking brighter.
Berenberg raises target price on LBG Media
Analysts at Berenberg hiked their target price on digital media publisher LBG Media from 120. 0p to 140. 0p on Monday, citing positive tailwinds.
RBC Capital upgrades Melrose Industries to ‘outperform’
RBC Capital Markets upgraded Melrose Industries on Monday to ‘outperform’ from ‘sector perform’ as it noted the share price has fallen around 15% from April highs but said the fundamentals remain "very supportive".
Citi predicts strong earnings growth at Shaftesbury Capital
Citi has reiterated its 'buy' rating on London-focused property investor and developer Shaftesbury Capital ahead of its interim results in a few weeks, predicting that profits will nearly double over the medium term.
Broker tips: Softcat, Close Brothers, GSK
Analysts at Jefferies downgraded IT infrastructure provider Softcat to 'underperform' on Friday, citing "incremental caution" around the IT services sector.
UK housebuilders surge on Labour victory
Shares in UK housebuilders jumped on Friday, on hopes that the new Labour government would reinvigorate the sector.
Jefferies downgrades Softcat to 'underperform'
Analysts at Jefferies downgraded IT infrastructure provider Softcat to 'underperform' on Friday, citing "incremental caution" around the IT services sector.
Deutsche Bank starts Close Brothers at ‘buy’, shares surge
Deutsche Bank initiated coverage of Close Brothers on Friday with a ‘buy’ rating and 610p price target as it said the overhang on the shares has opened "considerable value".
Citi cuts GSK target price after Arexy disappointment, but stays at 'buy'
Citi has reiterated its 'buy' rating on GSK despite a flurry of disappointing news for the biopharma giant in recent weeks, though the bank has slashed its target price for the stock by more than 10%.
Broker tips: Card Factory, Forterra, Ibstock, Coca-Cola HBC
Berenberg initiated coverage of Card Factory on Thursday with a 'buy' rating and 154. 0p price target as it argued it was a "vastly improved proposition".
RBC downplays Hurricane Beryl concerns for reinsurance sector
Stocks in the reinsurance sector have been under pressure over the past week as sentiment is dampened by Hurricane Beryl, a category four to five hurricane that's ripping through the Caribbean – though RBC Capital Markets has downplayed its long-term impact on share prices.
Citi expects upgrades at Coca-Cola HBC, but stays at 'neutral'
Citi has reiterated a 'neutral' rating on Coca-Cola HBC, predicting that the stock will "pause for breath" ahead of its first-half results next month.
RBC Capital starts Forterra and Ibstock at ‘outperform’
RBC Capital Markets initiated coverage of the UK's two largest clay brick manufacturers on Thursday - Forterra and Ibstock - both at ‘outperform’.
Berenberg starts Card Factory at ‘buy’
Berenberg initiated coverage of Card Factory on Thursday with a ‘buy’ rating and 154p price target as it argued it was a "vastly improved proposition".
Broker tips: 3i Group, Diageo, Direct Line
Morgan Stanley downgraded 3i Group on Wednesday ‘equalweight’ from ‘overweight’ and cut the price target to 3,192p from 3,246p as it said the risk/reward is more balanced after a strong run.
Berenberg remains cautious on Direct Line
Analysts at Berenberg slightly lowered their target price on insurer Direct Line from 220. 0p to 215. 0p on Wednesday as it said the risk of the stock "disappointing" was now rising.
Citi upgrades Diageo to ‘buy’, points to ‘cocktail of opportunities’
Citi upgraded Diageo to ‘buy’ on Wednesday and lifted the price target to 3,000p from 2,825p as it pointed to "a cocktail of opportunities".
Morgan Stanley downgrades 3i Group after strong run
Morgan Stanley downgraded 3i Group on Wednesday ‘equalweight’ from ‘overweight’ and cut the price target to 3,192p from 3,246p as it said the risk/reward is more balanced after a strong run.