Broker Recommendations
Liberum lifts B&M European Value target price after update
Liberum upped its price target on shares of B&M European Value Retail to 650p from 600p on Friday following the company’s trading update a day earlier.
Canaccord stays at 'buy' on Vistry Group, raises dividend forecasts
Analysts at Canaccord Genuity bumped up their target price on shares of homebuilder Vistry Group following its latest full-year numbers, support measures in the Budget and its management team's track record.
Credit Suisse says BT Group to benefit from rising inflation, government bond yields
Credit Suisse reiterated its 'outperform' recommendation for shares of BT Group, labelling the stock an 'inflection story' and arguing that it was set to benefit from several tailwinds - including rising inflation and government bond yields.
Barclays initiates PZ Cussons with 'overweight' rating
Barclays started coverage of PZ Cussons with an 'overweight' rating in the expectation that newish chief executive Jonathan Myers will shake up the soap maker.
Deutsche cuts Weir to 'hold' after results disappoint
Deutsche Bank downgraded Weir Group to 'hold' after disappointing orders and no dividend announced at its recent results.
Thursday broker round-up
Weir: Deutsche Bank downgrades to hold with a target price of 2,000p.
JP Morgan backs Whitbread, downgrades InterContinental
JP Morgan Cazenove has upgraded Whitbread and downgraded InterContinental Hotels Group following a review of European hoteliers.
Canaccord Genuity hikes price target on Travis Perkins
Analysts at Canaccord Genuity raised their target price on Travis Perkins from 1,450. 0p to 1,525. 0p on Wednesday as a result of the group "reigniting its simplification plans".
Berenberg raises target price on XP Power
Analysts at Berenberg raised their target price on XP Power from 5,500. 0p to 5,945. 0p on Wednesday following the group's "impressive" 2020 performance.
Wednesday broker round-up
Croda International: Berenberg reiterates buy with a target price of 7,400p.
Berenberg raises target price on Spectris
Analysts at Berenberg raised their target price on instrumentation firm Spectris from 3,460. 0p to 3,505. 0p on Tuesday, stating the group's turnaround efforts appeared on track to pay off.
Canaccord downgrades Provident Financial to 'sell'
Canaccord Genuity cut its stance on shares of doorstep lender Provident Financial on Tuesday to ‘sell’ from ‘speculative buy’ and reduced its price target to 264p from 290p as it highlighted caution regarding claims.
Monday broker round-up
Pennon Group: Barclays upgrades to overweight with a target price of 1,060p.
Canaccord lowers GB Group to 'hold'
Analysts at Canaccord Genuity downgraded software and services outfit GB Group from 'buy' to 'hold' on Monday, stating it was now "moving to the sidelines" on the stock.
Equities will be able to weather repricing in bond markets, JP Morgan says
Equity prices will be able to digest the repricing now unfolding in government bond markets and the Growth-Policy tradeoff remains "supportive", strategists at JP Morgan argued.
Overweight UK if you're worried that real yields might rise further, Citi says
Real yields could be set to continue rising, which is "bad" for equity markets, strategists at Citi said.
Pennon rallies on Barclays upgrade
Pennon rallied on Monday after Barclays upgraded the stock to ‘overweight’ from ‘equalweight’ following a de-rating.
Friday broker round-up
Reckitt Benckiser: Credit Suisse reiterates outperform with a target price of 7,800p.