Broker Recommendations
Broker tips: Cairn Energy, Workspace, Lamprell
Analysts at Berenberg downgraded exploration and production firm Cairn Energy from 'buy' to 'hold' on Wednesday, stating more clarity on the award payment related to its arbitration with the Indian tax authorities was needed.
Broker tips: National Express, Clarkson, IG Group, Hummingbird Resources
Analysts at Liberum lowered their target price on public transport operator National Express from 385. 0p to 340. 0p on Tuesday but said it remained confident of the sector's recovery.
Broker tips: M&G, St James's Place, Harbour Energy
Analysts at HSBC downgraded their recommendation for shares of M&G and St. James's Place from 'buy' to 'hold'.
Broker tips: Greggs, WPP
Analysts at Berenberg raised their target price on bakery chain Greggs from 2,100. 0p to 2,950. 0p on Friday, stating the group was now "delivering the goods".
Broker tips: Cineworld, BP, Alphawave IP, Berkeley
Analysts at Berenberg raised their target price on theatre operator Cineworld from 70. 0p to 85. 0p on Thursday but warned that "too many unknowns" remained for it to make any changes to its 'hold' rating.
Broker tips: Travis Perkins, Burberry VP, Wizz Air, Ryanair, IAG
Deutsche Bank upgraded its recommendation on shares of builders’ merchant Travis Perkins to ‘buy’ from ‘hold’ on Wednesday, lifting the price target to 2,056p from 1,707p as it noted that trading remains strong.
Broker tips: British Land, Land Securities, Pennon, United Utilities, SSE
JP Morgan upgraded British Land and Land Securities to 'overweight' on Tuesday, supported by a prediction that retail property values were recovering.
Broker tips: Rio Tinto, SSE, Howden Joinery, Ocado, St James's Place
UBS downgraded shares of miner Rio Tinto to 'sell' from 'neutral' on Monday as it argued that iron ore is approaching an inflection point.
Broker tips: Boohoo, HSBC, Blue Prism
Liberum upgraded shares of fast fashion retailer Boohoo to 'buy' from 'hold' on Friday as it argued that the valuation deserves to recover.
Broker tips: Halma, Idox, Pets at Home
Shares in safety equipment specialist Halma slumped on Thursday after Berenberg said the stock's valuation "remains a hurdle".
Broker tips: Admiral Group, Endeavour Mining
Analysts at Credit Suisse reiterated their 'underperform' recommendation on shares of Admiral Group in anticipation of slower growth, new regulations and accelerating inflation.
Broker tips: Anglo American, ITM Power, Rolls Royce
RBC Capital Markets downgraded its recommendation on shares of miner Anglo American to ‘sector perform’ from ‘outperform’ on Tuesday, slashing the price target to 3,400p from 4,100p as it pointed to rising headwinds.
Broker tips: Sanne, Robert Walters
RBC Capital Markets downgraded shares of asset management services provider Sanne to ‘sector perform’ from ‘outperform’ on Monday, but lifted the price target to 925p from 750p following the latest 875p-a-share takeover approach from Cinven.
Broker tips: Ashtead, Supreme, Auto Trader
Deutsche Bank downgraded its stance on shares of equipment rental firm Ashtead to 'hold' from 'buy' but lifted the price target to 5,108. 0p from 4,750. 0p as it argued the valuation is outstripping returns.
Broker tips: Paragon Bank, National Grid
Numis upped its earnings estimates for Paragon Bank after a strong set of results from the specialist buy-to-let lender.
Broker tips: DiscoverIE, Smith & Nephew, IWG
Analysts at Berenberg raised their target price on components designer and manufacturer DiscoverIE from 850. 0p to 930. 0p on Wednesday, stating the group's full-year results were evidence that its business model was as equally effective in a downturn as it was in an upcycle.
Broker tips: Pets At Home, Halfords, BM Bargains, EasyJet, IAG
RBC Capital Markets initiated coverage of Pets at Home and Halfords on Tuesday, arguing that the former has a fairly full valuation, while the latter is "shifting up a gear".
Broker tips: Sainsbury's, Taylor Wimpey
Analysts at Jefferies downgraded supermarket giant Sainsbury's from 'buy' to 'hold' on Monday, stating that while they remained "upbeat" on UK grocers, there appeared to be better value elsewhere.
Broker tips: Johnson Matthey, Segro
Analysts at Berenberg raised their target price on diversified chemicals group Johnson Matthey from 3,700. 0p to 3,800. 0p on Friday, stating the group was in the throes of a "metamorphosis".
Broker tips: Charles Stanley, Experian, Avon Rubber,
Analysts at Canaccord Genuity raised their target price on investment management firm Charles Stanley from 352. 0p to 406. 0p on Thursday following the group's full-year results.