Broker Recommendations
JP Morgan ups rating on Hikma after key patent win
JP Morgan has upped its rating on Hikma Pharmaceuticals after the generics specialist won a key patent challenge.
Berenberg cuts price target on AJ Bell
Analysts at Berenberg lowered their price target on online stockbroker AJ Bell from 280. 0p to 230. 0p on Thursday, stating the group faced more acute revenue pressure in the current environment than its UK small-to-mid cap platform peers.
Thursday broker round-up
Unilever: Barclays upgrades to equal weight with a target price of 4,420p.
Berenberg slashes price target on Provident Financial
Analysts at Berenberg slashed their target price on British sub-prime lender Provident Financial from 470. 0p to 250. 0p on Wednesday, stating that the Covid-19 outbreak had dealt the group another setback.
Wednesday broker round-up
Intercontinental Hotels Group: RBC Capital Markets upgrades to outperform with a target price of 4,000p.
RBC upgrades IHG in 'good time' to buy hotels
Royal Bank of Canada upgraded InterContinental Hotels (IHG) to 'outperform' and said now looks a good time to buy hotels.
Berenberg lowers target price on 'well positioned' Craneware
Analysts at Berenberg lowered their target price on software and services firm Craneware from 2,500p to 2,000p on Tuesday, despite noting that the firm appeared to be "well positioned" in the current Covid-19 environment.
Tuesday broker round-up
Taylor Wimpey: JP Morgan downgrades to neutral with a target price of 110p.
Morgan Stanley upgrades Meggitt in positive aerospace note
Morgan Stanley upgraded Meggitt to 'overweight' as the investment bank recommended buying shares in the aerospace sector.
JP Morgan cuts forecasts across housebuilding sector, downgrades Redrow
JP Morgan has reduced its forecasts for the UK housebuilding sector, including cutting its rating on Redrow and Taylor Wimpey.
JPMorgan says 75% chance Rolls-Royce may need to issue equity
There’s a 75% chance that Rolls-Royce will need to issue equity, JPMorgan Cazenove said on Monday in a note on the European civil aerospace sector.
Barclays cuts BT, TalkTalk and Vodafone price targets
Barclays cut its price targets for BT, TalkTalk and Vodafone as the bank reviewed risks to telecoms companies' guidance and dividends from the Covid-19 crisis.
Berenberg lowers target price on Shearwater despite 'reassuring trading update'
Analysts at Berenberg lowered their target price on software provider Shearwater Group from 500. 0p to 400. 0p on Monday despite the firm's "reassuring trading update" from last week.
Monday broker round-up
Cineworld Group: JP Morgan downgrades to neutral with a target price of 90p.
JPMorgan downgrades Cineworld, slashes price target
JPMorgan Cazenove downgraded shares of Cineworld to ‘neutral’ from ‘overweight’ on Monday and slashed the price target to 90p from 300p after the company shut the doors to its cinemas due to the coronavirus outbreak.
RBC Capital downgrades Dixons Carphone
RBC Capital Markets downgraded its stance on shares of Dixons Carphone to ‘underperform’ from ‘sector perform’ on Monday, cutting the price target to 75p from 90p.
Deutsche Bank cuts price targets for Flutter, GVC and William Hill
Deutsche Bank cut its price targets for Flutter, GVC and William Hill to take account of the wave of cancelled sporting events caused by the Covid-19 crisis.
Deutsche sees hope for equities but HSBC predicts earnings 'hammer blow'
Deutsche Bank said equity markets were pricing in declines in activity and earnings but HSBC was more cautious as it predicted a "hammer blow" for earnings from the Covid-19 crisis.
Bodycote could do well in 2021 recovery, JP Morgan says
Bodycote is in a position to do well in a recovery from the Covid-19 crisis, JP Morgan said as it upgraded the company's shares to 'neutral'.
Equity markets could rise 15% by end of 2020, Credit Suisse says
Equity markets could be 15% higher by the end of 2020 as government support for the economy pushes investors into real assets, Credit Suisse said in a strategy note.