Broker Recommendations
Broker tips: Asos, Whitbread, Hunting
Online fashion retailer Asos is likely to report a muted third quarter, Liberum said in a note on Tuesday.
Broker tips: Draper Esprit, BAE Systems, The Restaurant Group
Analysts at Berenberg initiated coverage on software and IT services provider Draper Esprit at 'buy' on Monday, stating the company represented a "rare asset class at a rare valuation".
Broker tips: Safestore, Rentokil, Crest Nicholson
Analysts at Berenberg downgraded their recommendation for shares of self-storage company Safestore from 'buy' to 'hold' on Friday, stating that the group's outperformance was likely to slow.
Broker tips: IHG, Crest Nicholson, Lloyds
Jefferies downgraded its stance on shares of InterContinental Hotels to ‘hold’ from ‘buy’ on Thursday and cut the price target to 4,100p from 4,400p as it took a look at the hotels sector.
Broker tips: Anglo American, St James's Place
Anglo American shares will rise further because investors have not spotted the extent of the miner's potential to recover from the Covid-19 crisis, Credit Suisse said as it increased its price target on the stock.
Broker tips: 888 Holdings, Scapa, SSE
Deutsche Bank analysts upped their target price for shares of 888 Holdings citing the "extremely strong" momentum observed seen over the start of the year, updates from rivals and data on its own markets.
Broker tips: John Wood, Fevertree, Avast
Analysts at Berenberg raised their target on oil field services group John Wood from 230p to 300p on Monday, stating the company had managed to protect margins throughout the coronavirus-fuelled downturn.
Broker tips: Boohoo, Dominos Pizza, William Hill
Analysts at Credit Suisse reiterated their 'hold' recommendation on shares Boohoo, explaining to them that while business was booming, growth was set to slow and their valuation was already at historic highs and well above peers' and their own historical level.
Broker tips: William Hill, Asos
Analysts at Canaccord Genuity downgraded bookmaker William Hill to 'sell' from 'hold' on Thursday, stating execution risks still remained despite the group's £224m placing "significantly" repairing its balance sheet.
Broker tips: Polypipe, Premier Oil, Boohoo
Analysts at Berenberg reiterated their 'hold' rating on plastic piping manufacturer Polypipe on Wednesday, noting that although near-term uncertainty remained, the group was poised to be a "mid-term winner".
Broker tips: Howden Joinery, Bunzl, Big Yellow
Analysts at Canaccord Genuity slightly lowered their target price on joinery products supplier Howden Joinery from 525. 0p to 523. 0p on Tuesday, stating that growth and capital returns remained "on pause".
Broker tips: IQE, Johnson Matthey, Biffa
Canaccord Genuity has upped its price target on IQE after the semiconductor specialist reported a surge in first-half revenues and forecast a return to profitability.
Broker tips: Johnson Matthey, Countryside Properties
Deutsche Bank downgraded its stance on shares of specialty chemicals company Johnson Matthey to ‘hold’ from ‘buy’ and cut its price target to 2,200p from 2,700p after full-year results on Thursday.
Broker tips: Hummingbird Resources, Hurricane Energy
Analysts at Berenberg reiterated their 'buy' rating on precious metals outfit Hummingbird Resources on Thursday, stating the firm's acquisition of the Kouroussa gold project in Guinea brought further diversification.
Broker tips: C&C Group, Ashtead, Lancashire
Analysts at Berenberg upped their target price on brewer C&C Group from 182. 0p to 204. 0p on Wednesday but cautioned that the firm's "road to recovery" was not yet clear.
Broker tips: Wizz Air, Pearson, S4 Capital, Hyve
Analysts at Berenberg hiked their target price on low-cost carrier Wizz Air from 3,200. 0p to 4,000. 0p on Tuesday, stating the group was in the right passenger segment for recovery.
Broker tips: JD Sports, Premier Oil, AstraZeneca
RBC Capital Markets downgraded its stance in shares of JD Sports to ‘underperform’ from ‘sector perform’ on Monday as it argued that "strong recovery prospects are less certain".
Broker tips: Vitec Group, IWG, Electrocomponents
Analysts at Berenberg raised their target price on camera supplies manufacturer Vitec Group from 570. 0p to 630. 0p on Thursday but noted that the firm's recovery profile remained "mixed".
Broker tips: Codemasters, B&M, Marks & Spencer
Analysts at Berenberg raised their target price on video games developer Codemasters from 340. 0p to 400. 0p on Wednesday, stating the group had added "an extra gear" as a result of a new multi-year licence deal.
Broker tips: Tui, Gym Group
Analysts at Berenberg downgraded their recommendation for the world's largest travel and tourism group Tui to 'sell' from 'hold' on Tuesday, stating the firm was experiencing "tough times" in the "shadow of summer sun".