Broker Recommendations
Broker tips: Pets at Home, WH Smith, Restaurant Group, Inchcape
Analysts at Goldman Sachs downgraded retailer Pets at Home on Wednesday as it now expects slower growth across the veterinary segment as a whole.
Broker tips: RBS, MetroBank, Just Eat
Royal Bank of Scotland is being penalised for its prudence, analysts at Berenberg said on Monday, reiterating their ‘buy’ rating on the British bank.
Broker tips: ConvaTec, Burberry
Medical products and technologies company ConvaTec fell on Friday as UBS downgraded the stock to 'neutral' from 'buy' and slashed the target price to 150p from 250p, pointing to a slowdown in the wound market - to which the group is over-exposed - and limited progress in the ostomy turnaround.
Broker tips: BT, Anglo American, Glencore, BHP Billiton, CYBG
Macquarie Capital believes BT's newly announced chief executive could win over wary investors, as the bank laid out the key areas Philip Jansen will need to focus on.
Broker tips: HSBC, Cineworld, IAG, Wizz Air, Ryanair, EasyJet
RBC Capital Markets downgraded HSBC to 'underperform' from 'sector perform' and slashed the price target to 560p from 730p as it highlighted elevated risk from China and a stretched valuation.
Broker tips: HSBC, CYBG, WPP
HSBC's pivotal Hong Kong arm faces losing corporate and retail banking market share to 'virtual banks', Citigroup warned on Tuesday, with loan growth potentially falling off a cliff in the third quarter.
Broker tips: Rightmove, Safestay, Provident Financial
Rightmove got a boost on Monday as UBS upped the stock to 'buy' from 'sell' following the recent selloff.
Broker tips: Inmarsat, IP Group
JPMorgan Cazenove took a fresh look at Inmarsat ahead of the satellite operator's third-quarter results on 8 November, where it expected "robust" financials but is beginning to get worried about stiffer maritime competition.
Broker tips: Boohoo, Mediclinic, OneSavings Bank
Bank of America Merrill Lynch initiated coverage of fast fashion retailer Boohoo with a ‘buy’ rating and 280p price target on Thursday.
Broker tips: Sophos, Crest Nicolson, Inchcape
Sophos got a boost on Wednesday as Liberum initiated coverage of the security software and hardware company with a 'buy' rating and 530p price target, saying it expects billings to return to fast growth in the second half.
Broker tips: Ocado, Convatec
With Ocado shares down by a quarter over the past four months, Bank of America Merrill Lynch sees the online grocery specialist as "back in buying territory" and offering supermarkets a "unique" tool to combat Amazon.
Broker tips: Convatec, Superdry, Indivior
RBC Capital Markets downgraded its target price on Convatec to 210p from 240p on Monday after the medical equipment maker warned on profits and announced the departure of its chief executive.
Broker tips: Chemring, Rio Tinto, Paddy Power Betfair
Chemring tumbled on Friday as Barclays cut its stance on the stock to 'underweight' from 'equalweight' and chopped the target price to 185p from 258p as it said company-gathered consensus is "materially" outdated after the Salisbury fatality in August and the premium valuation is unjustified.
Broker tips: Wizz Air, Aston Martin
Analysts at Berenberg cut their target price on low-cost European carrier Wizz Air on Thursday based on fuel and currency headwinds.
More volatility on Wall Street to come, warns Barclays
Barclays expects the volatility dictating trading on Wall Street to continue, and has recommended investors remain wary of buying despite heavy price falls.
Broker tips: Sage, Dixons Carphone, Hollywood Bowl, Ocado
A day after being downgraded by Barclays, software company Sage was lifted to 'hold' from 'sell' at Deutsche Bank, which highlighted the valuation and potential for private equity interest.
Broker tips: Direct Line, Sage, N Brown, Quiz, Joules
Deutsche Bank upgraded Direct Line to 'buy' from 'hold' on Tuesday and lifted the price target to 390p from 380p as it pointed to an attractive valuation, an expected inflexion in motor pricing, medium-term optionality and receding risks.
Broker tips: Intertek, Fevertree, Antofagasta
Intertek's share price woes are overdone, believes Berenberg, upgrading the product testing, inspection and certification specialist to 'buy' from 'hold'. s on Friday.
Broker tips: Ferrexpo, Spire Healthcare, Mediclinic
Ferrexpo got a boost on Thursday as Barclays double-upgraded the stock to 'overweight' from 'underweight' and hiked the price target to 300p from 140p on the back of rising iron pellet premiums.
Broker tips: Jupiter Fund Management, ITE
Berenberg has nudged down its expectations for Jupiter Fund Management's full-year earnings and reduced its price target on the stock.