Broker Recommendations
Jefferies raises Antofagasta and Glencore to 'buy'
Analysts at Jefferies upped their rating on both Antofagasta and Glencore to 'buy' on Tuesday as they took a fresh look at the broader metal and mining industry.
Barclays upgrades Meggitt, Senior
Barclays upgraded Meggitt and Senior on Tuesday as it took a look at the European aerospace and defence sector.
BofA says 'sell-off' in Investec not justified, reiterates 'buy'
Analysts at Bank of America sounded a very positive note on shares of Investec, highlighting a slew of factors which pointed to a potential total shareholder return of 17%, helped not least by a "now relevant" dividend yield of greater than 6%.
Canaccord Genuity raises Eckoh to 'buy'
Analysts at Canaccord Genuity upped their rating on software outfit Eckoh to 'buy' on Tuesday after the group turned in a strong first-half performance despite Covid-19 impacts.
JPMorgan upgrades IMI to 'overweight'
JPMorgan Cazenove upgraded engineer IMI to ‘overweight’ from ‘neutral’ on Tuesday and hiked the price target to 1,300p from 1,100p, noting the stock has underperformed over the past five years as a challenging 2014-2018 period led to a dislocation between narrative and financials and resulted in "investor fatigue".
RBC upgrades SSE to 'outperform' on green targets
Royal Bank of Canada upgraded SSE to 'outperform' as the bank took a more positive view of the group's green energy targets and the regulatory outlook.
RBC cuts United Utilities to 'sector perform' on valuation
Royal Bank of Canada downgraded United Utilities to 'sector perform' after the water company's shares outperformed rival Severn Trent.
Canaccord lowers target price on Sage
Analysts at Canaccord Genuity lowered their target price on software group Sage from 790. 0p to 700. 0p on Monday despite the group's full-year results coming in ahead of expectations.
JP Morgan most positive on dividend restarts at NatWest Group and Barclays
Analysts at JP Morgan sounded a particularly positive note on the outlook for Barclays and NatWest Group after Bloomberg reported at the weekend that the Prudential Regulatory Authority would consider easing their resistance to dividend payouts from UK lenders on a case-by-case basis.
BofA stays 'overweight' value versus growth, spies upside potential
Strategists at Bank of America reiterated their 'overweight' stance on so-called 'value' stocks versus 'growth', telling clients that it was the best way to position for an economic recovery into 2021 with potential upside to be had in the group versus their base case.
Friday broker round-up
Quilter: Barclays initiates at equal weight with a target price of 140p.
JP Morgan raises target price on Grainger
Analysts at JP Morgan upped their target price on residential property business Grainger on Friday from 320. 0p to 350. 0p, citing the group's recent full-year net asset value beat.
Liberum raises price target for Naked Wines
Liberum has upped its price target on Naked Wines after the Covid-19 pandemic fuelled a surge in sales.
Barclays starts coverage of investment platforms, likes IntegraFin
Barclays initiated coverage on AJ Bell, Quilter and IntegraFin on Friday, as it noted that UK investment platforms have traded at high multiples since their debuts in 2018, reflecting attractive structural assets under management growth.
Global equities to rise 15% in 2021, Credit Suisse predicts
Global equity markets will rise by 15% by the end of 2021 bolstered by policy support and a move out of bonds, Credit Suisse analysts predicted.
Berenberg raises target price on IWG
Analysts at Berenberg upped their target price on serviced offices provider IWG from 350. 0p to 425. 0p on Friday, stating the group's "capital-light model" looked set to transform its profit and loss standing.
Citi ups rating on Croda following Iberchem deal
Citi has upgraded Croda International to a ‘buy’ following the chemicals group’s €820m acquisition of Spain’s Iberchem.
