Broker tips: Sumo Group, Electrocomponents
Analysts at Shore Capital upgraded their stance on video games developer Sumo Group from 'hold' to 'buy' on Friday following a near 6% drop in the outfit's shares since they initiating coverage on the group on 20 May, noting that it had created 17% upside potential to its fair value assessment of 159p per share.
Jefferies raised its target price for Electrocomponents, telling clients it was buying into its chief executive officer's plans to exploit the opportunity for growth, instead of 'sweating' the assets and returning the surplus capital to shareholders as a European CEO might do.
Analysts at Berenberg raised their target price on consulting services firm First Derivatives from 2,100p to 2,750p on Wednesday, highlighting the group's "strong growth" despite having little cash to show for it.
Analysts at Berenberg upgraded cruise and travel operator Thomas Cook from 'sell' to 'hold' on Tuesday, saying it was "time to watch from the side".
Goldman Sachs upgraded Royal Mail to 'buy' on Friday but cut its target price on the group from 360p to 320p due to higher near-term costs.
Analysts at JP Morgan labelled Marks & Spencer's from the day before "relatively uninspiring", criticising the group's choice of strategy in a challenging market for retailers and reiterating their recommendation to 'underweight' the company's stock.
UBS has upgraded its rating on Moneysupermarket Group and boosted earnings forecasts, arguing that the price comparison site is gearing up to enter a “virtuous circle”.
Bernstein upped its stance on shares of luxury brand Burberry to 'market perform' from 'underperform' on Tuesday, saying it sees a more balanced risk/reward following the drop in the share price last week after its full-year results.
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.
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.
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.
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.
JP Morgan analyst Raul Sinha reiterated his 'underweight' stance on shares of HSBC, telling clients that the lender's valuation had yet to reflect the risk to revenues from trade concerns.
Citi upgraded its recommendation on Marks & Spencer shares to buy' from 'neutral' on Monday, as it argued that the investment case is "evolving".
Citi downgraded its stance on shares of Auto Trader to ‘neutral’ from ‘buy’ on Friday as it said the risk/reward is now more balanced.
Analysts at Canaccord Genuity upped their target price on builders' merchant Travis Perkins on Thursday, stating the firm's good start to the year justified its recent re-rating.
Berenberg lowered its target for Sirius Minerals' share price from 40p to 35p after incorporating the structure of the potash miner's long-awaited stage two financing for its Woodsmith polyhalite mine into its valuation model.
Berenberg slashed its target price for shares of NMC Health after rebasing its model and transferring coverage to analyst Michael Ruzic-Gaithier, but continued to see significant upside.
ShoreCap stuck to its previous 'buy' recommendation for Lloyds' shares, despite the lender having fallen short of the broker's estimates for its first-quarter net interest income.
UBS downgraded investment manager Jupiter Fund Management from 'neutral' to 'sell' on Thursday, citing the group's strong share price performance over the past month and a change in portfolio manager at two key European equity funds as its reasons.