Broker Recommendations
Tesla shares falls to two-and-a-half year low after target price cut
Tesla shares fell Monday after an analyst Wedbush analyst Dan Ives cut the price target on the stock to $230 from $275.
ShoreCap downgrades Boohoo, says shares fairly valued
Shore Capital downgraded its stance on shares of online fast-fashion retailer Boohoo to 'hold' from 'buy' on Monday, saying the stock is fairly valued for now.
Greggs on a roll says Berenberg, but keeps at 'hold'
Analysts at Berenberg upped their target price on bakery chain Greggs from 1,600p to 1,780p, on Monday, praising the group for its "excellent start" to the year.
Monday broker round-up
Hays: RBC Capital Markets upgrades to outperform with a target price of 175p.
Hays weakness 'a good buying opportunity', says RBC Capital
RBC Capital Markets upgraded its stance on shares of recruiter Hays to 'outperform' from 'sector perform' on Monday as it argued that recent weakness has created a good buying opportunity.
HSBC calls Merlin overvalued, cuts from 'buy' to 'reduce'
HSBC has downgraded its rating on Merlin Entertainments, citing concerns about the leisure group’s long-term growth plans.
Liberum double-upgrades miners after 'stark change' in iron ore price forecasts
Analysts at Liberum took a fresh look at the mining sector on Friday, double-upgrading the likes of Rio Tinto, Anglo American and BHP to 'buy' as they outlined a "stark change" in their near-term forecasts for iron ore prices.
Thomas Cook tumbles again as Citi says shares are worthless
Thomas Cook was under the cosh again on Friday a day after its shares tumbled on the back of a profit warning, as Citi downgraded it to 'sell' from 'neutral', arguing that the stock is basically worthless.
BofA cuts 2020 UK GDP forecast on prolonged Brexit uncertainty, US-China trade war
Economists at Bank of America-Merrill Lynch cut their forecasts for the rate of growth in Britain's economy for this year and next, predicting that the uncertainty around Brexit will last for longer and that the US-China trade war will escalate.
Jefferies ups target price on Ten Lifestyle
Analysts at Jefferies raised their target price on British travel outfit Ten Lifestyle on Thursday, citing greater confidence over the firm's revenue growth moving forward.
Morgan Stanley reiterates 'buy' for shares of Hurricane Energy
Analysts at Morgan Stanley reiterated their 'buy' recommendation for shares of Hurricane Energy, telling clients they continued to see a "realistic bull case" for the company under which its shares would trade over five times higher by the end of 2020.
Berenberg starts 'outstanding' Spirax-Sarco at 'buy'
Berenberg started coverage of "outstanding" Spirax-Sarco Engineering at 'buy' on Thursday as it took a look at the capital goods and industrial engineering sector.
Berenberg halves target price on Metro Bank ahead of £350m rights issue
Analysts at Berenberg cut their target price on challenger bank Metro Bank in half on Wednesday, stating the outfit was suffering from "acute uncertainty" pending completion of its £350m planned capital raise.
Don't rush to buy the dip in European cyclicals, says Barclays
Don’t rush to buy the dip in cyclical stocks, Barclays said in a European equity strategy note on Wednesday.
Revenue is Vodafone's biggest challenge, Credit Suisse says
The outlook for revenue growth is the main question hanging over Vodafone after the company cut its dividend, Credit Suisse analysts said as they lowered their price target.
RBC Capital ups FirstGroup to 'outperform'
RBC Capital Markets upped its stance on FirstGroup shares to 'outperform' from 'sector perform' on Tuesday and hiked the price target to 160p from 95p.
Investors braced for bumpy summer - Merrill survey
Investors are gearing up for a difficult run on global markets, according to a closely-watched fund manager survey published on Tuesday, with a record number taking out protection against potential losses.