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Market buzz

Broker tips: Paddy Power Betfair, Equiniti

Broker tips: Paddy Power Betfair, Equiniti

Fri, 21 July 2017

(ShareCast News) - Paddy Power Betfair lost ground on Friday as Investec downgraded its stance on the stock to 'sell' from 'buy' and cut the price target to 6,970p from 10,000p on the back of lower fo... [more]

Goldman Sachs raises Equiniti target on US expansion

Goldman Sachs raises Equiniti target on US expansion

Fri, 21 July 2017

(ShareCast News) - Analysts at Citi bumped up their target price for shares of Equiniti, hailing its acquisition of Wells Fargo Share Registration & Services. That, the broker said, would see the firm... [more]

Citi gives Microsoft a $74 price target

Citi gives Microsoft a $74 price target

Fri, 21 July 2017

(ShareCast News) - After a callback from Microsoft, Citi has slapped a 'neutral' rating on the tech stock and a target price of $74, slightly below its current price as it does not expect a significan... [more]

Investec downgrades Paddy Power on worsening regulatory outlook

Investec downgrades Paddy Power on worsening regulatory outlook

Fri, 21 July 2017

(ShareCast News) - Paddy Power Betfair lost ground on Friday as Investec downgraded its stance on the stock to 'sell' from 'buy' and cut the price target to 6,970p from 10,000p on the back of lower fo... [more]

Friday broker round-up

Friday broker round-up

Fri, 21 July 2017

(ShareCast News) - Paddy Power: Investec downgrades to Sell with a target price of 6970p. SSP: Goldman Sachs initiates on Neutral with a target price of 512p. Sage Group: Goldman Sachs reiterates Buy... [more]

Friday newspaper round-up: Turkey, Transitional deal, Unilever

Fri, 21 July 2017

(ShareCast News) - A powerful earthquake has struck off the Turkish coast, triggering a tsunami in the Mediterranean and Aegean and killing at least two. Beachfront hotels full of British holidaymaker... [more]

Spirent's refocus and new CFO leads to Jefferies upgrade

Thu, 20 July 2017

(ShareCast News) - Spirent Communications was upgraded to 'buy' from 'hold' by Jefferies on Thursday as the testing company has "refocused" the business on markets that could drive stronger growth. Je... [more]

Friday preview: Vodafone, Acacia, AO World updates eagerly awaited

Thu, 20 July 2017

(ShareCast News) - Several companies about which investors have many questions are due for updates on Friday, including quarterly numbers from Vodafone and AO World plus interim results from Acacia Mi... [more]

Thursday broker round-up

Thu, 20 July 2017

(ShareCast News) - BHP Billiton: Citigroup downgrades to Neutral with a target price of 1350p. Spirent Communications: Jefferies upgrades to Buy with a target price of 145p. Hastings Group: JPMorgan ... [more]

Barclays downgrades Schroders, bumps up Ashmore

Thu, 20 July 2017

(ShareCast News) - Barclays downgraded Schroders and upgraded Ashmore on Thursday as it took a look at European asset managers. The bank downgraded Schroders to 'underweight' from 'equalweight' and cu... [more]

Thursday newspaper round-up: BHP Billiton, Northern Trust, Royal Mail, Ofwat

Thu, 20 July 2017

(ShareCast News) - Executives inside Deutsche Bank, Donald Trump's personal bankers, are expecting that the bank will soon be receiving subpoenas or other requests for information from Robert Mueller,... [more]

Broker tips: Hunting, Royal Mail, AA

Wed, 19 July 2017

(ShareCast News) - Analysts at Morgan Stanley downgraded their recommendation on shares of Hunting and cut their target price, telling clients consensus was too upbeat about the prospects for activity... [more]

Royal Mail will deliver, Investec says, but more slowly than expected

Wed, 19 July 2017

(ShareCast News) - Investec cut its target price on shares of Royal Mail, telling clients it was "very positive" on the long-term potential for efficiencies but less so on the outlook for the company'... [more]

Morgan Stanley downgrades Hunting, sees flat US rig count

Wed, 19 July 2017

(ShareCast News) - Analysts at Morgan Stanley downgraded their recommendation on shares of Hunting and cut their target price, telling clients consensus was too upbeat about the prospects for activity... [more]

Thursday preview: ECB treading a fine line, Sports Direct and Unilever report

Wed, 19 July 2017

(ShareCast News) - European Central Bank chief Mario Draghi will tread a fine line on Thursday as the central bank's plans for reducing the size of its bond buying programme are under massive scrutiny... [more]

Thursday preview: ECB treading a fine line, fortune contrast at Sports Direct and Unilever

Wed, 19 July 2017

(ShareCast News) - European Central Bank chief Mario Draghi will tread a fine line on Thursday as the central bank's plans for reducing the size of its bond buying programme are under massive scrutiny... [more]

Wednesday broker round-up

Wed, 19 July 2017

(ShareCast News) - Hunting: Morgan Stanley downgrades to Underweight with a target price of 440p. Weir Group: Morgan Stanley downgrades to Equal Weight with a target price of 1940p. Drax: Citigroup d... [more]

AA surges as Barclays initiates coverage at 'overweight'

Wed, 19 July 2017

(ShareCast News) - Shares in roadside assistance group AA surged on Wednesday as Barclays initiated coverage of the stock at 'overweight' with a 280p price target. Barclays said that three years into ... [more]

Wednesday newspaper round-up: Brexit bill, BP, ONS leak, Ecuador, card charges

Wed, 19 July 2017

(ShareCast News) - Divisions over the UK's Brexit divorce bill were laid bare on Tuesday as British negotiators pushed back against a mooted €75bn (£66bn) Brexit charge-sheet. On the second day o... [more]

AO World a 'sell' ahead of results, ShoreCap says

Tue, 18 July 2017

(ShareCast News) - White goods retailer AO World remained a 'sell' for broker Shore Capital on Tuesday ahead of first-quarter results later in the week, amid wider concerns about big-ticket discretion... [more]

Goldman Sachs initiates Kaz Minerals at 'buy'

Tue, 18 July 2017

(ShareCast News) - Goldman Sachs initiated coverage of Kaz Minerals at 'buy' with a 700p price target saying it expects output growth and deleveraging ahead. The bank sees strong volume growth - the h... [more]

Wednesday preview: Drax and TalkTalk begin new era

Tue, 18 July 2017

(ShareCast News) - UK results season warms up on Wednesday and amid a dearth of major macro, the likes of Drax, TalkTalk and Qinetiq can expect investors' full attention. Yorkshire power plant operato... [more]

Tuesday broker round-up

Tue, 18 July 2017

(ShareCast News) - Beazley: Credit Suisse initiates at Buy with a target price of 565p. Hiscox: Credit Suisse downgrades to Neutral with a target price of 1305p. MJ Gleeson: Berenberg reiterates Outp... [more]

Credit Suisse takes a look at Lloyd's of London insurers

Tue, 18 July 2017

(ShareCast News) - Credit Suisse initiated coverage of Beazley and Lancashire on Tuesday, and downgraded Hiscox, as it took a look at the Lloyd's of London insurers. The bank started coverage of Beazl... [more]

Investec upgrades Dairy Crest after weak share price performance

Tue, 18 July 2017

(ShareCast News) - Investec upgraded Dairy Crest to 'buy' from 'hold' but cut the price target to 600p from 625p as the forecast total return moves back to double digits after a weaker share price per... [more]