Broker Views

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Date	Broker name	New	Price	Old price target	New price target	Broker change
12-May-20	Morgan Stanley	Equal-weight	2,846.00p	2,000.00p	1,650.00p	Upgrade
11-May-20	Credit Suisse	Outperform	2,883.00p	0.00p	0.00p	Reiteration
07-Feb-20	Berenberg Bank	Buy	3,340.00p	3,000.00p	4,200.00p	Upgrade
23-Jan-20	Peel Hunt Limited	Add	3,300.00p	0.00p	4,000.00p	Reiteration
23-Jan-20	Liberum Capital	Hold	3,300.00p	0.00p	2,800.00p	Reiteration
23-Jan-20	RBC Capital Markets	Outperform	3,300.00p	3,900.00p	4,100.00p	Reiteration
20-Jan-20	Morgan Stanley	Underweight	3,035.00p	2,100.00p	2,000.00p	DownGrade
25-Nov-19	Berenberg Bank	Hold	3,139.00p	0.00p	3,000.00p	Reiteration
19-Nov-19	UBS	Neutral	3,120.00p	3,200.00p	3,200.00p	Reiteration
17-Oct-19	Berenberg Bank	Hold	3,444.00p	2,500.00p	3,000.00p	Reiteration
16-Oct-19	Liberum Capital	Hold	3,286.00p	0.00p	2,800.00p	New Coverage
15-Oct-19	Peel Hunt Limited	Hold	2,560.00p	0.00p	3,000.00p	Reiteration
15-Oct-19	UBS	Neutral	2,560.00p	2,800.00p	2,800.00p	Reiteration
03-Oct-19	Peel Hunt Limited	Hold	2,342.00p	0.00p	3,000.00p	Reiteration
30-Jul-19	Berenberg Bank	Hold	2,555.00p	4,000.00p	2,500.00p	DownGrade
25-Jun-19	UBS	Neutral	2,666.00p	3,300.00p	3,500.00p	DownGrade

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