Broker Recommendations
Barclays downgrades Anglo American to 'equal weight'
Analysts at Barclays downgraded multinational mining company Anglo American to 'equal weight' and lowered their target price on its shares from 3,600. 0p to 2,700. 0p on Monday, stating there appeared to be "turbulence ahead" for the group.
Berenberg downgrades 'big fella' BHP from 'buy' to 'hold'
Analysts at Berenberg downgraded mining giant BHP from 'buy' to 'hold' on Monday, stating "the big fella" was lacking near-term catalysts.
Jefferies stays at 'buy' on Anglo American despite headwinds from Chinese housing
Analysts at Jefferies reiterated their 'buy' recommendation for shares of Anglo American following investor meetings with the miner's boss, Mark Cutifani, its finance director, Stephen Pearce, and its head of investor relations, Paul Galloway.
Berenberg upgrades IHG to 'buy'
Analysts at Berenberg upgraded Holiday Inn owner Intercontinental Hotels Group from 'hold' to 'buy' on Friday following a better-than-expected first-half performance.
ShoreCap resumes coverage on Beazley at 'buy' on rate momentum and valuation grounds
Analysts at ShoreCap resumed coverage of Beazley with a 'buy' recommendation, arguing that the insurer was "best placed" to benefit from the rating cycle across its cyber and liability (casualty) lines - where rate momentum was accelerating.
Canaccord Genuity raises target price on Duke Royalty
Analysts at Canaccord Genuity raised their target price on finance company Duke Royalty from 45. 0p to 52. 0p on Thursday following the firm's "resilient" full-year trading performance.
Deutsche Bank downgrades Britvic to 'hold'
Deutsche Bank downgraded Britvic to ‘hold’ from ‘buy’ on Thursday as it said there is now insufficient upside to the shares to maintain a ’buy’ stance.
Drax surges as Barclays hikes price target by 75%
Drax shares powered ahead on Thursday after Barclays hiked its price target by 75% to 960p, implying 120% upside potential.
JP Morgan stays 'overweight' on Reckitt Benckiser, spies near-term catalysts
Analysts at JP Morgan reiterated their 'overweight' recommendation for shares of Reckitt Benckiser ahead of the consumer goods giant's Investor Day on 23 September.
Berenberg raises target price on Darktrace
Analysts at Berenberg raised their target price on software outfit Darktrace from 750. 0p to 850. 0p on Wednesday, citing outperformance "across the board".
Liberum reinitiates coverage of Rightmove at ‘buy’
Liberum reinitiated coverage of Rightmove on Wednesday with a ‘buy’ rating, up from ‘hold’ previously, and a price target of 820p, up from 535p.
Canaccord Genuity raises target price on Equals Group
Analysts at Canaccord Genuity hiked their target price on diversified financials outfit Equals Group from 57. 0p to 98. 0p on Tuesday following the firm's recently published interim results.
Berenberg downgrades ITM Power to 'sell' as risks materialise
Analysts at Berenberg downgraded their recommendation and cut their target price for shares of ITM Power following the 'green' hydrogen specialist's full-year results.
Investors expect European share rally to continue - BofA
Investors increasingly expect the European equity rally to continue into 2022 but for gains to be more muted, a Bank of America survey showed.
Barclays downgrades European miners to 'neutral' on China steel output cuts
Analysts at Barclays downgraded their stance for European miners to 'neutral' given China's "rapid" steel production cuts and the likelihood that they might extend into 2022 and beyond in order to limit industry emissions.
JP Morgan constructive on equities but expects cyclicals to lead into year-end
Equity strategists at JP Morgan remained "constructive" on equities, but predicted that leadership in the stock market would shift towards cyclicals going into year-end.
Liberum ups profit forecasts for Sthree
Liberum has upped both its forecasts and price target for SThree after the specialist recruiter posted a strong set of third-quarter numbers.
RBC lowers target price on CMC Markets
Analysts at RBC Capital Markets lowered their target price on financial services firm CMC Markets from 560. 0p to 410. 0p on Monday after the group's "more cautious" net operating income guidance for FY22.
Berenberg cuts target price on EasyJet after larger-than-expected equity raise
Analysts at Berenberg cut their target price on low-cost carrier EasyJet from 930. 0p to 720. 0p on Monday after the group's larger than expected equity raise.
Berenberg slightly lowers target price on Ashmore Group
Analysts at Berenberg slightly lowered their target price on investment manager Ashmore Group from 340. 0p to 330. 0p on Friday, stating margin pressures were now compounding net flow risks.