Broker Tips
Broker tips: Marks & Spencer, JTC
RBC Capital Markets lifted its price target on Marks & Spencer on Monday to 400p from 350p as it raised estimates on the ‘outperform’ rated stock, pointing to sales momentum and the recent re-rating of the UK food retail sector.
Berenberg lifts JTC price target after Citi Trust deal
Berenberg lifted its price target on JTC on Monday to 1,400p from 1,300p on the back of news it has acquired Citi Trust - the global fiduciary and trust administration services business - from Citigroup for $80m.
RBC Capital lifts Marks & Spencer target price
RBC Capital Markets lifted its price target on Marks & Spencer on Monday to 400p from 350p as it raised estimates on the ‘outperform’ rated stock, pointing to sales momentum and the recent re-rating of the UK food retail sector.
RBC hikes Travis Perkins targets, paints upbeat outlook
RBC Capital Markets has hiked its target price for Travis Perkins by more than a fifth, saying the builders merchant is well positioned ahead of the arrival of a new chief executive and chair-designate.
Citi lifts Tesco forecasts as market share continues to rise
Citi has lifted its target price for Tesco shares ahead of the supermarket giant's interim results next month, saying that the retailer's continued market share gains should be reflected in the figures.
Broker tips: James Fisher and Sons, Trainline
Canaccord Genuity has cut its rating for James Fisher and Sons from 'buy' to 'hold', saying that the marine engineering services group still has a long way to go in its turnaround.
Berenberg hikes target price on Trainline
Analysts at Berenberg raised their target price on digital rail and coach ticketing platform Trainline from 460. 0p to 475. 0p on Thursday following the release of the group's H1 trading update earlier in the morning.
Canaccord downgrades Fisher to 'hold', sees little upside for now
Canaccord Genuity has cut its rating for James Fisher and Sons from 'buy' to 'hold', saying that the marine engineering services group still has a long way to go in its turnaround.
Broker tips: Rotork, Trustpilot
JPMorgan Cazenove upgraded Rotork on Wednesday to 'overweight' from 'neutral' and lifted its price target on the stock to 370. 0p from 365. 0p.
JPMorgan upgrades Rotork to 'overweight'
JPMorgan Cazenove upgraded Rotork on Wednesday to ‘overweight’ from ‘neutral’ and lifted the price target to 370p from 365p.
Berenberg slightly raises target price on Trustpilot
Analysts at Berenberg slightly raised their target price on reviews platform operator Trustpilot from 260. 0p to 270. 0p on Wednesday following the group's interim results earlier in the morning.
Berenberg stays at 'buy' on The Pebble Group
Analysts at Berenberg took a fresh look at the Pebble Group on Tuesday following the group's interim results a day earlier.
Broker tips: Asos, The Pebble Group
Barclays downgraded Asos to 'underweight' from 'equalweight' and cut its price target to 290. 0p from 300. 0p as it said the online fashion retailer was no longer just a refinancing story.
Barclays downgrades Asos to ‘underweight’
Barclays downgraded Asos to ‘underweight’ from ‘equalweight’ and cut the price target to 290p from 300p as it said the online fashion retailer was no longer just a refinancing story.
Broker tips: Rightmove, Burberry
Jefferies upgraded Rightmove on Monday to 'hold' from 'underperform' and lifted its price target on the stock to 720. 0p from 450. 0p as it said an offer was "probable" after Australia's REA Group confirmed it was considering a possible cash and share offer for the property portal.
Jefferies upgrades Rightmove, says offer from REA Group 'probable'
Jefferies upgraded Rightmove on Monday to ‘hold’ from ‘underperform’ and lifted the price target to 720p from 450p as it said an offer was "probable" after Australia’s REA Group confirmed it was considering a possible cash and share offer for the property portal.
Burberry, Kering slump on Barclays downgrades
Luxury brands Burberry and Kering slumped on Monday as Barclays downgraded its stance on the shares to ‘underweight’ from ‘equalweight’ on structural concerns related to China.
Broker tips: Melrose Industries, Zephyr Energy, Entain
Morgan Stanley initiated coverage of Melrose Industries on Friday at 'equalweight' with a 500. 0p price target, noting that a strong aftermarket narrative supported its belief that profit and loss would come in 6-10% above consensus by 2027.
Morgan Stanley initiates Melrose Industries at ‘equalweight’
Morgan Stanley initiated coverage of Melrose Industries on Friday at ‘equalweight’ with a 500 price target.
Canaccord Genuity raises target price on Zephyr Energy following 36-2R test results
Analysts at Canaccord Genuity raised their target price on exploration and production firm Zephyr Energy from 14. 0p to 16. 0p on Friday following the publication of the group's hotly-anticipated 36-2R production test results.