Broker Recommendations
Broker tips: IAG, Royal Dutch Shell, BP
Liberum reiterated its 'buy' recommendation for shares of IAG following the carrier's latest quarterly numbers, arguing that the improvement in the company's financial performance over the past decade was structural - not cyclical - and that the rating on its shares should match that of low cost carriers.
Broker tips: Hunting, BP, HSBC
Analysts at RBC Capital Markets reiterated their 'outperform' recommendation and 650. 0p target price for shares of Hunting despite the headwinds that it was facing from trends in capital expenditure in the exploration and production space.
Broker tips: AstraZeneca, Relx
Analysts at Liberum upgraded their recommendation for shares of AstraZeneca, arguing that the consensus was - yet again - underestimating just how leveraged the firm was to its product pipeline.
Broker tips: Whitbread, Hochschild Mining
Bernstein upped its stance on shares of Premier Inn owner Whitbread on Thursday to 'market perform' from 'underperform' as it hailed the company's increased flexibility.
Berenberg nudges up price target on 'hold' rated Hochschild Mining
Analysts at Berenberg raised their target price on precious metals miner Hochschild Mining slightly on Thursday, from 180. 0p to 190. 0p following a "strong" quarter of operations.
Broker tips: NCC Group, Informa
Canaccord Genuity lowered its target price on cybersecurity firm NCC Group from 265p to 215p on Wednesday as it transferred coverage to analyst Steve Robertson, effective immediately.
Broker tips: TUI, Petropavlovsk
Analysts at Morgan Stanley downgraded their recommendation and target price for shares of TUI on Tuesday, telling clients that they expected the travel operator's guidance for 2020 to be "wide" and below consensus.
Broker tips: Petropavlovsk, ABF, Man Group
Analysts at Cannacord Genuity reiterated their 'buy' recommendation and 16. 0p target price on shares of gold miner Petropavlovsk thid quarter sales and production data.
Broker tips: Savannah Petroleum, Bellway, National Express
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Savannah Petroleum, telling clients that the unsecured loan faclity into which it had entered on the same day was "entirely consistent with our expectations" and that they continued to anticipate a "much higher share price" on the acquisition of assets from Seven Energy was completed.
Broker tips: Bellway, Kenmare Resources, Hammerson
Analysts at Canaccord Genuity raised their price target on British housebuilder Bellway to 3,590p from 3,450p on Wednesday, praising the group for delivering an improved full-year net asset value per share despite falling margins.
Broker tips: SIG, Dunelm, Whitbread
Analysts at Berenberg lowered their target price on construction products provider SIG from 135p to 100p on Tuesday following the group's profit warning a week earlier.
Broker tips: Domino's Pizza, Hochschild Mining, Barclays, RBS, Lloyds
Analysts at Liberum don't see much changing in the immediate future for Domino's Pizza, expecting its weak performance of late to carry on throughout the third quarter despite easier comparatives.
Broker tips: Lloyd's, Rio Tinto
Analysts at Morgan Stanley reiterated their 'overweight' stance and 60p target price for shares of Lloyds on Friday.
Broker tips: Polymetal, IMImobile
Analysts at Berenberg upped their price target on precious metals group Polymetal to 1,160p from 1,070p on Thursday, telling clients that visits to the company's Albazino and Amursk sites in Russia had confirmed its investment case.
Broker tips: Hargreaves Lansdown, Ashmore, Jupiter Fund Management, Pets At Home
Analysts at JP Morgan trimmed their target prices for three of the UK's largest 'asset gatherers' to reflect "subdued" net flows over the third quarter.
Broker tips: SIG, Vodafone
Analysts at Canaccord Genuity lowered their target price on building materials firm SIG from 133p to 107p on Tuesday following the group's recent profit warning.
Broker tips: Sainsbury's, Smith & Nephew, Carnival
Analysts at ShoreCap raised their recommendation on Sainsbury's shares from 'sell' to 'hold' on valuation grounds, but shied away from recommending a 'buy' following the recent loss of Argos Sainsbury boss, John Rogers, and the likelihood of a flat medium-term earnings trajectory for the grocer.
Broker tips: JD Sports, Next Fifteen Communications
Exane BNP Paribas initiated coverage of JD Sports at 'outperform' with an 830p price target on Friday, arguing that it's a rare growth retailer in the UK.
Broker tips: Ted Baker, CMC Markets
Analysts at Peel Hunt absolutely slashed their target price on fashion retailer Ted Baker from 950. 0p down to 500. 0p on Thursday following a far from "ordinary" profit warning from the group.
Broker tips: Ferguson, Marks & Spencer
Analysts at Canaccord Genuity raised their price target on plumbing and heating products distributor Ferguson from 6,125p to 6,270p on Wednesday as the group enters the last phase of its transformation into a solely US-focused group.