Broker Recommendations
Broker tips: TUI, Anglo American, Rio Tinto, Capita
Berenberg downgraded its stance on shares of TUI to ‘hold’ from ‘buy’ on Thursday, slashing the price target to 950p from 1,200p.
Broker tips: Schroders', NMC Health
Analysts at Berenberg lowered investment manager Schroders' from 'buy' to 'hold' on Tuesday, noting there now appeared to be "little upside" left to their 3,510p target price for the shares.
Broker tips: Barclays, Pearson, RBS
Analysts at Jefferies hiked their target price for shares of Barclays from 209p to 244p on Monday, in anticipation of a higher rate of return on capital, share buybacks and after marking down their estimated cost of equity for the lender.
Broker tips: IAG, Centamin, Informa
Analysts at HSBC hiked their target price and recommendation for shares of IAG in the wake of the 2019 UK general election results.
Broker tips: Costain, JD Sports
Analysts at Liberum cut their price target on British construction and engineering company Costain's shares from 350p to 220p on Thursday, following an adverse court judgement in its dispute over a Welsh motorway project.
Broker tips: Just Eat, Beazley
Analysts at Liberum slashed their target price on delivery business Just Eat from 1,360p to 870p on Wednesday after the firm's board rejected an improved takeover bid from Prosus.
Broker tips: Ocado, Tullow Oil, M&S
Analysts at Berenberg nearly doubled their target price for grocer Ocado as they upgraded the recommendation for the group's shares to 'buy' on Tuesday.
Broker tips: ConvaTec, Anglo Pacific, Berkeley Group
RBC Capital Markets downgraded its stance on shares of medical products and technologies company ConvaTec to ‘sector perform’ from ‘outperform’ on Monday, cutting the price target to 197p from 210p following recent share price strength.
Broker tips: Provident Financial, Halma, Glencore, Berkeley Group
RBC Capital Markets initiated coverage of Provident Financial at 'sector perform' on Friday, with a 445p price target.
Broker tips: Codemasters, Boohoo, M&G
Analysts at Berenberg raised their target price on 'buy' rated games developer Codemasters from 290. 0p to 380. 0p on Thursday, stating that its acquisition of Slightly Mad Studios was more than "slightly" accretive.
Broker tips: Ferguson, Hurricane Energy, Segro
Analysts at Canaccord Genuity revised their target price for shares of plumbers' merchant Ferguson higher, highlighting to clients the company's outperformance versus a flat market in the States, plans to de-merge its UK operations and for a full US listing.
Broker tips: Tekmar Group, Diageo, Auto Trader
Analysts at Berenberg raised their price target on engineering services company Tekmar Group from 160. 0p to 180. 0p on Tuesday following the firm's first-half results for its 2020 financial year.
Broker tips: Glencore, Rio Tinto, Hurricane Energy, Unilever
Analysts at RBC Capital Markets took a fresh look at miners Glencore and Rio Tinto on Monday, adjusting their target price and upgrading their ratings on both firms as a result of rising near-term iron ore price forecasts.