Broker Recommendations
BofA reiterates 'buy' for Informa, says valuation 'adequately' pricing in risks
Analysts at Bank of America reiterated their 'buy' rating and 740. 0p target price for shares of British publishing and business intelligence outfit Informa.
Canaccord upgrades Hunting in anticipation of multi-year cycle for oilfield services
Analysts at Canaccord Genuity upgraded their rating for shares of Hunting from 'hold' to 'buy' following the recent sharp spill lower in the share price after the company posted its second quarter results.
Jefferies downgrades Intertek to ‘hold’
Jefferies downgraded Intertek on Wednesday to ‘hold’ from ‘buy’, citing near-term exposure to China, broader macro challenges and deteriorating consumer confidence, which it said increases uncertainty given the company's higher exposure to consumer testing.
Fears of Europe energy shock could weigh on euro
The European single currency may remain weak in the near-term due to concerns about soaring energy prices in Europe.
Berenberg still in 'sell the rally mode', recommends stagflation hedge strategy
Equity strategists at Berenberg recommended investors stick with a stagflation hedge strategy.
Liberum upgrades Moneysupermarket to 'buy'
Liberum upgraded Moneysupermarket on Tuesday as it took a look at online platforms.
JPMorgan puts Drax on ‘positive catalyst watch’, expects guidance upgrade
JPMorgan Cazenove put Drax on "positive catalyst watch" on Tuesday, saying it expects the renewable energy company to upgrade guidance at its interim results.
Credit Suisse sees value in UK Banks, Lloyds remains 'top pick'
Analysts at Credit Suisse sounded a bullish note for UK banks, explaining to clients that they now expected upgrades to lenders' guidance for net interest margins and net interest income.
Deutsche Bank resumes coverage on 888 Holdings at 'buy'
Analysts at Deutsche Bank resumed coverage on gambling giant 888 Holdings at 'buy' on Tuesday, branding it as the "king of the hill".
RBC Capital ups Dechra to ‘outperform’, cites attractive entry point
RBC Capital Markets upgraded Dechra Pharmaceuticals on Tuesday to ‘outperform’ from ‘sector perform’, citing an attractive entry point.
Canaccord Genuity hikes target price on Kitwave
Analysts at Canaccord Genuity raised their target price on wholesale business Kitwave from 225. 0p to 345. 0p on Tuesday, stating a "strong" first half and a solid start to H2 had driven further upgrades to the stock.
JP Morgan stays at 'underweight' on Sainsbury's
Analysts at JP Morgan Cazenove reiterated their 'underweight' rating on supermarket giant Sainsbury's on Monday and said there were still "several reasons to remain cautious" of the stock.
JP Morgan stays overweight on Glencore, sees China macro alignment for 2H 2022 outperformance
Analysts at JP Morgan sounded a bullish note on the outlook for European Middle East and Africa miners in the back half of 2022.
RBC Capital downgrades Dunelm, expects margins to moderate
RBC Capital Markets downgraded homeware retailer Dunelm on Monday to ‘sector perform’ from ‘outperform’ and cut the price target to 950p from 1,400p, saying it expects margins to moderate.
RBC Capital Markets downgrades Pets at Home, shares slide
Pets at Home tumbled on Monday as RBC Capital Markets downgraded the shares to ‘underperform’ from ‘sector perform’ and slashed the price target to 280p from 330p, partly on valuation grounds.
Depth of economic recession and geopolitical risks are key for 2H outlook, BofA says
Bank of America strategists' contrarian stock market timing models continued to flash 'buy' across the latest week, but risks were not absent.
Berenberg lowers target price on CapCo and Shaftesbury
Analysts at Berenberg lowered their target prices on both Capital & Counties and Shaftesbury on Friday as it took a fresh look at the UK real estate sector.
Citi downgrades Abrdn, Jupiter to 'sell'
Citi downgraded Abrdn and Jupiter Fund Management to ‘sell’ from ‘neutral’ on Friday as it took a look at European asset managers.
Berenberg slightly raises target price on Pan African Resources
Analysts at Berenberg slightly raised their target price on precious metals group Pan African Resources from 28. 0p to 33. 0p on Thursday following "positive" results from a definitive feasibility study on the Mogale part of its Mintails project in South Africa.
JPMorgan downgrades Intertek to 'neutral' from 'overweight'
JPMorgan Cazenove downgraded Intertek on Thursday to ‘neutral’ from ‘overweight’ as it took a look at the testing, inspection and certification sector.