Broker Recommendations
Broker tips: Redrow, Taylor Wimpey, Meggitt, Craneware
JP Morgan has reduced its forecasts for the UK housebuilding sector, including cutting its rating on Redrow and Taylor Wimpey.
Broker tips: Cineworld, Dixons Carphone, Shearwater, BT, TalkTalk and Vodafone
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.
Broker tips: ABF, Tobacco stocks
ShoreCap reiterated its 'buy' recommendation for shares of Associated British Foods, hailing its "exceptionally good liquidity".
Broker tips: Aerospace and Defence, Sage
Those aerospace firms with higher exposure to Defence and enjoying a "strong" cash position are at a lower risk of having to "review" their policies on dividend payouts, Credit Suisse said.
Broker tips: Marshalls, Standard Life Aberdeen
Analysts at Canaccord Genuity upgraded their recommendation for shares of Marshalls from 'sell' to 'hold', saying that they expected "modest" profit growth for 2020.
Broker tips: Gem Diamonds, Next
Analysts at Berenberg slashed their target price on mining firm Gem Diamonds from 92. 0p to 44. 0p on Friday, stating that the recent coronavirus outbreak had hit the diamond market's recovery.
Broker tips: AJ Bell, Informa
Berenberg downgraded its stance on shares of trading platform AJ Bell to ‘sell’ from ‘hold’ on Thursday, slashing the price target to 280p from 370p.
Broker tips: IMI Group, Cineworld
Analysts at Berenberg cut their target price on industrial engineering firm IMI from 985. 0p to 815. 0p on Wednesday, stating that risks remained elevated for the remainder of 2020.
Broker tips: Meggit, easyJet, Ryanair, Moneysupermarket
Berenberg downgraded its stance on Meggitt to ‘hold’ from ‘buy’ on Tuesday and slashed the price target to 490p from 695p, arguing that the valuation is constrained.
Broker tips: LSE Group, Admiral, Anglo American
Citi analysts stood by their 'buy' recommendation for shares of the London Stock Exchange Group, telling clients they still believed that exchanges should be more protected from earnings downgrades than other financials.
Broker tips: Anglo American, Aggreko, Cineworld
JP Morgan analysts changed their tune on shares of UK-listed diversified miners in the wake of the recent 15-20% share price falls in the space.
Barclays cuts Aggreko target price on coronavirus risk
Aggreko's annual results showed the company making progress but the coronavirus outbreak poses a short-term risk, Barclays said as the bank trimmed its share price target.
Broker tips: Travis Perkins, Provident Financial, Reckitt Benckiser
Analysts at Canaccord Genuity slightly lowered their target price on shares of builders' merchant and home improvement retailer Travis Perkins from 1,720. 0p to 1,700. 0p on Wednesday but stated that a "simpler and more coherent future" still awaited the group.
Broker tips: EasyJet, Cake Box, Weir Group
EasyJet will be the UK airline worst affected by the coronavirus outbreak, HSBC analysts said as they kept their 'buy' rating on the London-listed carriers.
Airlines to take hit but recover after coronavirus - HSBC
EasyJet will be the UK airline worst affected by the coronavirus outbreak, HSBC analysts said as they kept their 'buy' ratings on all four London-listed carriers.
Broker tips: On the Beach, Vistry Group, IAG
House broker Peel Hunt cut the price target on shares of On The Beach on Monday to 400p from 550p following the company’s profit warning at the end of last week.