Broker Recommendations
Credit Suisse starts SSP at 'underperform', says consensus too optimistic on recovery
Credit Suisse started coverage of food concessions group SSP at 'underperform' with a 220. 0p target price, telling clients that the multiple headwinds from the Covid-19 pandemic were set to be stronger and be longer-lasting than what analysts were anticipating.
Thursday broker round-up
Rio Tinto: Deutsche Bank upgrades to buy with a target price of 4,900. 0p.
Sainsbury's rerating provides 'selling opportunity', says Berenberg
Analysts at Berenberg reiterated their 'sell' rating on supermarket giant Sainsbury's on Thursday, stating the group's recent performances provided a "selling opportunity".
Liberum downgrades Auto Trader, says stock fully valued
Liberum downgraded its rating on shares of Auto Trader on Thursday to ‘hold’ from ‘buy’ and cut the price target to 515p from 640p as it said the stock looks fully valued given the uncertain outlook.
Liberum hikes target price on DX
Analysts at Liberum hiked their target price on British logistics outfit DX from 14. 0p to 30. 0p on Wednesday, stating the group had executed "a remarkable turnaround".
Berenberg lowers target price on Ashtead
Analysts at Berenberg lowered their target price on equipment rental company Ashtead from 2,000. 0p to 1,750. 0p on Wednesday, stating the group's recent share price performance had defied "softness" in lead indicators.
Wednesday broker round-up
Unite Group: Berenberg downgrades to hold with a target price of 1,000. 0p.
BofA stays 'overweight' on France, Spain and Italy, upgrades UK
Equity strategists at Bank of America reiterated their 'overweight' stance towards French, Spanish and Italian stocks, telling clients, notwithstanding a possible setback in the States, the European recovery was proceeding more smoothly.
Asos Q3 likely to be muted, says Liberum
Online fashion retailer Asos is likely to report a muted third quarter, Liberum said in a note on Tuesday.
Credit Suisse stays at 'hold' on Hunting, expects only 'modest' recovery in US shale
Analysts at Credit Suisse kept their recommendation for shares of Hunting at 'hold', warning clients to expect only a "modest" recovery in activity in the US shale oil sector.
Berenberg cuts target price on Whitbread ahead of UK restart
Analysts at Berenberg slashed their target price on hotelier Whitbread from 3,000. 0p to 2,400. 0p on Tuesday as the group primed itself to reopen following Covid-19 lockdowns and associated travel restrictions.
Citi says buy The Restaurant Group and 'take the medicine'
Citi kept its 'buy' rating on The Restaurant Group but cut its target share price by a quarter with uncertainty about consumer behaviour hanging over the restaurant sector.
Credit Suisse stays at 'overweight' for BAE Systems, says dividend intact
Analysts at Credit Suisse reiterated their 'overweight' stance on shares of BAE Systems, highlighting the continuing perception by countries that threat levels remain elevated and in anticipation that the dividend payout would be maintained, even if with a bit of a lag in the case of the latter.
Berenberg initiates coverage on Draper Esprit at 'buy'
Analysts at Berenberg initiated coverage on software and IT services provider Draper Esprit at 'buy' on Monday, stating the company represented a "rare asset class at a rare valuation".
Monday broker round-up
Balfour Beatty: Jefferies downgrades to hold with a target price of 260. 0p.
Jefferies downgrades Balfour Beatty on 'diminished upside'
Jefferies downgraded its stance on shares of construction group Balfour Beatty to ‘hold’ from ‘buy’, citing "diminished upside" with the shares now back at pre-Covid levels.
Friday broker round-up
Crest Nicholson: Jefferies downgrades to hold with a target price of 226. 0p.
Berenberg downgrades Safestore to 'hold'
Analysts at Berenberg downgraded their recommendation for shares of self-storage company Safestore from 'buy' to 'hold' on Friday, stating that the group's outperformance was likely to slow.
JPMorgan sees earnings upside, M&A optionality at Rentokil
JPMorgan Cazenove upgraded its recommendation on shares of Rentokil Initial to ‘overweight’ from ‘neutral’ on Friday and lifted the price target to 560p from 430p as it pointed to earnings upside and M&A optionality.