Broker Recommendations
Broker tips: Hikma Pharmaceuticals, Vistry Group
Analysts at Jefferies upgraded drugmaker Hikma Pharmaceuticals from 'hold' to 'buy' on Wednesday, stating the group's share price was yet to reflect "a series of upcoming product catalysts".
Broker tips: Eqtec, Fevertree, Victrex
Analysts at Canaccord Genuity initiated coverage on bioscience energy company Eqtec with a 'speculative buy' rating on Tuesday, highlighting its "next-generation" waste gasification technology.
Broker tips: BT Group, Ceres Power, Strix Group
Morgan Stanley upgraded its stance on shares of telecoms company BT Group on Monday to ‘overweight’ from 'equalweight' and lifted the price target to 200. 0p from 125. 0p as it argued that overhangs are easing.
Broker tips: Ocado, Next, IQE
Berenberg downgraded Ocado shares to 'hold' from 'buy' on Friday and cut the price target to 2,390. 0p from 2,925. 0p as it said the grocer was a great company but noted that expectations were high.
Broker tips: Keywords Studios, Intertek
Analysts at Berenberg upped their rating on video games services provider Keywords Studios from 'hold' to 'buy' on Thursday, stating recent momentum was "too strong to ignore".
Broker tips: Unite Group, WH Smith, NatWest
Analysts at Berenberg upgraded student accommodation provider Unite Group from 'hold' to 'buy' on Wednesday, stating increased visibility had provided the stock with re-rating potential.
Broker tips: Bunzl, Taylor Wimpey
RBC Capital Markets lifted its stance on Bunzl shares on Monday to ‘sector perform’ from ‘underperform’ and upped the price target to 2,270p from 2,200p following a de-rating.
Broker tips: JD Wetherspoon, IAG, Barratt Developments, Softcat
Liberum has upped its price target on JD Wetherspoon but warned that it remains cautious about the scale and pace of the pub chain’s recovery.
Broker tips: Berkeley Group, John Wood Group
Analysts at Canaccord Genuity lowered their target price on homebuilder Berkeley Group from 5,400. 0p to 5,200. 0p on Friday, highlighting recent share price underperformance.
Broker tips: Standard Life Aberdeen, Senior, Persimmon
Deutsche Bank upped its recommendation on shares of Standard Life Aberdeen on Thursday to 'buy' from 'hold' and lifted the price target to 335. 0p from 310. 0p.
Broker tips: Rolls-Royce, TI Fluid Systems, Ferguson, Standard Chartered
Rolls-Royce rallied on Wednesday as JPMorgan Cazenove upgraded shares of the engine maker to 'neutral' from 'underweight', highlighting four reasons behind the change, despite "major challenges".
Broker tips: AstraZeneca, B&M, Ultra Electronics
Jefferies upgraded its stance on shares of AstraZeneca to 'buy' from 'hold' on Tuesday saying the pharmaceuticals company’s impressive revenue and profit trajectory is compelling relative to EU peers, with improving quality of earnings and cash flow generation set to ease concerns.
Broker tips: Boohoo, Ashtead, Entain
Berenberg initiated coverage of Boohoo at ‘buy’ on Monday even as it conceded that shares of the scandal-hit fast-fashion retailer are "not for the faint-hearted".
Broker tips: WPP, James Fisher, Rolls Royce
Analysts at Berenberg raised their target price on advertising firm WPP from 885. 0p to 925. 0p on Friday, stating there were "few surprises" in its actual full-year results.
Broker tips: IWG, Dr Martens, Aston Martin
Analysts at Berenberg cut their rating on serviced offices provider IWG from 'buy' to 'hold' on Thursday, stating they were "pausing for breath" as recovery waits.
Broker tips: ITV, Ferrexpo, Experian, Pearson
Analysts at Berenberg raised their target price on broadcaster ITV from 95. 0p to 112. 0p on Wednesday but raised questions about the group's advertising revenues when "normal life" resumes.
Broker tips: Supreme, Softcat, Pearson
Analysts at Berenberg initiated coverage on batteries and lightbulbs distributor Supreme at 'buy' on Tuesday, stating the group was "supremely well positioned".
Broker tips: Aggreko, IQE, BT Group
Analysts at Berenberg more than doubled their target price on Aggreko from 410. 0p to 880. 0p on Monday after a buy-out offer from a consortium made up of TDR Capital and I Squared was recommended by the group's board.
Broker tips: BT Group, Vistry Group, B&M European Value Retail
Credit Suisse reiterated its 'outperform' recommendation for shares of BT Group, labelling the stock an 'inflection story' and arguing that it was set to benefit from several tailwinds - including rising inflation and government bond yields.
Broker tips: Travis Perkins, XP Power
Analysts at Canaccord Genuity raised their target price on Travis Perkins from 1,450. 0p to 1,525. 0p on Wednesday as a result of the group "reigniting its simplification plans".