Broker Tips
Deutsche Bank downgrades Greggs and Mitchells & Butlers after budget tax changes
Deutsche Bank has downgraded its ratings for Greggs and Mitchells & Butlers in light of the governments recent changes to employer national insurance contributions, saying that they disproportionately impact a "labour-intensive leisure sector".
Most attractive time in the last decade to buy GPE, says Citi
Citi upgraded its stance on Great Portland Estates on Friday to ‘buy’ as it said it was the most attractive time to buy in the last decade.
Berenberg lowers target price on Auto Trader
Analysts at Berenberg lowered their target price on Auto Trader from 880. 0p to 830. 0p on Friday, stating the group's "noisy" H1 had raised questions.
Broker tips: Burberry, Smith and Nephew, 3i Group
RBC Capital Markets upgraded Burberry on Wednesday to 'outperform' from 'sector perform' and hiked its price target on the stock to 900. 0p from 650. 0p.
Deutsche Bank upgrades 3i Group to 'buy'
Deutsche Bank upgraded listed private equity firm 3i Group on Wednesday to ‘buy’ from ‘hold’.
Berenberg lowers Smtih and Nephew to 'hold'
Analysts at Berenberg downgraded medical equipment manufacturing company Smith & Nephew from 'buy' to 'hold' and lowered its target price on the stock from £14. 50 to £10. 50, stating the group's path to recovery was now "less clear".
RBC Capital ups Burberry to ‘outperform’, hikes price target
RBC Capital Markets upgraded Burberry on Wednesday to ‘outperform’ from ‘sector perform’ and hiked the price target to 900p from 650p.
Broker tips: Water companies, Close Bros, Melrose
UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat’s Final Determinations next month.
UK water companies rally as Citi, JPM optimistic on outlook
UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat’s Final Determinations next month.
Melrose Industries rallies as Citi remains 'high conviction' in the buy case
Melrose Industries shot higher on Tuesday as Citi said it remains "high conviction" in the ‘buy’ case, given the trough multiple and the strong mid-term cash outlook.
RBC Capital adds 'speculative risk' qualifier to Close Brothers rating
RBC Capital Markets cut its price target on shares of Close Brothers on Tuesday to 425p from 435p and added a "speculative risk" qualifier to its rating as it assessed the impact of premium finance.
Broker tips: Fresnillo, Smith and Nephew, 3i Group
Canaccord Genuity downgraded Fresnillo on Monday to ‘hold’ from ‘buy’ as it pointed to a strong run over the past three to six months.
Canaccord Genuity lifts Fresnillo price target, downgrades to ‘hold’
Canaccord Genuity downgraded Fresnillo on Monday to ‘hold’ from ‘buy’ as it pointed to a strong run over the past three to six months.
Jefferies cuts Smith & Nephew target but stays optimistic
Jefferies has slashed its target price for medical devices maker Smith & Nephew from 1,400p to 1,250p after challenges in China weighed heavily on third-quarter results.
RBC Capital Markets lowers 3i Group to 'sector perform'
Analysts at RBC Capital Markets downgraded 3i Group from 'outperform' to 'sector perform' on Monday, citing valuation grounds.
RBC Capital ups Frasers Group to ‘outperform’
RBC Capital Markets upgraded Frasers Group on Monday to ‘outperform’ from ‘sector perform’ with a ‘speculative risk’ qualifier.
Broker tips: Warpaint, Schroders, Braemar, Morgan Sindall
RBC Capital Markets initiated coverage of Warpaint on Friday with an ‘outperform’ rating and 685. 0p price target.
Berenberg starts Morgan Sindall at ‘buy’
Berenberg started coverage of Morgan Sindall on Friday with a ‘buy’ rating and 4,500p price target.
Canaccord Genuity lowers target price on Braemar
Analysts at Canaccord Genuity lowered their target price on shipbroking services business Braemar from 410. 0p to 380. 0p on Friday following the recently announced increase to the UK Employers National Insurance rate.
BNP Paribas Exane upgrades Schroders ahead of Q3 results
BNP Paribas Exane upgraded Schroders on Friday to ‘outperform’ from ‘neutral’ ahead of third-quarter results next week, as it pointed to improving momentum and an attractive valuation.