Broker Tips
Broker tips: Aston Martin Lagonda, Burberry, Johnson Matthey
Jefferies downgraded its stance on Aston Martin Lagonda on Thursday to 'hold' from 'buy' and cut the price target to 120. 0p from 25. 00p as it said it struggles to see a scenario that does not require new equity.
Stifel cuts Burberry price target, sales forecasts
Burberry was under the cosh on Thursday as Stifel cut its price target on the shares to 720p from 800p and reduced its FY25 and FY26 sales forecasts by 8% and 10%, respectively.
Jefferies downgrades Aston Martin to ‘hold’
Jefferies downgraded its stance on Aston Martin Lagonda on Thursday to ‘hold’ from ‘buy’ and cut the price target to 120p from 250p as it said it struggles to see a scenario that does not require new equity.
Berenberg lowers target price on Johnson Matthey
Analysts at Berenberg lowered their target on chemicals firm Johnson Matthey from 1,800. 0p to 1,650. 0p on Thursday but acknowledged management has avoided missteps and "righted the ship" following the announcement of the company's exit from battery materials.
Berenberg upgrades Rio Tinto to 'buy'
Berenberg has lifted its recommendation on Rio Tinto rom 'hold' to 'buy' and hiked its target price from 5,600p to 6,200p, saying the stock will be a winner among diversified mining peers over the medium term.
Berenberg hikes Asos target price by 22%
Berenberg has hiked its target price for fast fashion retailer Asos by more than a fifth, saying the ecommerce group has the time and scope for a successful turnaround.