Broker Recommendations
Broker tips: Michelmersch Brick Holdings, StanChart, Dechra Pharmaceuticals
Analysts at Canaccord Genuity hiked their target price for shares of Michelmersh Brick Holdings from 146. 0p to 162. 0p, pointing out to clients the company's good execution amid challenging circumstances and "strong" cash conversion.
Broker tips: HomeServe, Tesco, Astrazeneca
Barclays upgraded HomeServe to 'overweight' from 'equalweight' on Thursday but cut its price target on the shares to 1,160. 0p from 1,200. 0p.
Broker tips: Ashmore Group, IAG, SIG, Purplebricks
Analysts at Berenberg slightly lowered their target price on investment manager Ashmore Group from 340. 0p to 330. 0p on Friday, stating margin pressures were now compounding net flow risks.
Broker tips: CMC Markets, EasyJet, SThree
Analysts at RBC Capital Markets lowered their target price on financial services firm CMC Markets from 560. 0p to 410. 0p on Monday after the group's "more cautious" net operating income guidance for FY22.
Broker tips: Intercontinental Hotels Group, Beazley, Anglo American
Analysts at Berenberg upgraded Holiday Inn owner Intercontinental Hotels Group from 'hold' to 'buy' on Friday following a better-than-expected first-half performance.
Broker tips: BHP, Anglo American
Analysts at Berenberg downgraded mining giant BHP from 'buy' to 'hold' on Monday, stating "the big fella" was lacking near-term catalysts.
Broker tips: Idox, CVS Group, Rolls-Royce
Analysts at Canaccord Genuity downgraded software firm Idox from 'buy' to 'hold' on Thursday, citing a now "fair" valuation.
Broker tips: WH Smith, 888 Holdings
Analyst at Berenberg raised their target price on retailer WH Smith from 1,500. 0p to 1,750. 0p on Thursday, stating it was positive on the group's long-term prospects.
Broker tips: Base Resources, Ferguson, Cranswick, Anglo American, BHP
Analysts at Canaccord Genuity raised their target price on mineral sands company Base Resources from 35. 0p to 50. 0p on Wednesday, citing its exposure to a suite of "underappreciated (but highly attractive) commodities" and a "strong" near-term dividend yield.
Broker tips: Superdry, Electrocomponents, British Land
Analysts at Berenberg raised their target price on clothing retailer Superdry from 235. 0p to 280. 0p on Tuesday but stated a "leap of faith" was required as the group's risk/reward balance was weighted very evenly.
Broker tips: Beeks Financial Cloud, Base Resources, Medica Group
Analysts at Canaccord Genuity raised their target price on software and services firm Beeks Financial Cloud from 150. 0p to 190. 0p on Monday, stating full-year profits were on the horizon.
Broker tips: LondonMetric, Ultra Electronics, JTC
Citi upgraded LondonMetric to ‘buy’ from ‘neutral’ on Friday, saying it remains confident of structural tailwinds for logistics, estimating a doubling of space requirements over around 10 years.
Broker tips: BHP, Draper Esprit, Quixant
Bank of America Merrill Lynch downgraded BHP to 'neutral' from 'buy' on Wednesday and slashed its price target on the stock to 1,900. 0p from 2,900. 0p as it said earnings downgrades were coming.
Broker tips: Softcat, Celtic, Craneware, Brewin Dolphin, Rathbone Brothers
UBS initiated coverage of Softcat with a 'sell' rating and 1,860. 0p price target on Tuesday, stating that while the firm's high return on invested capital warranted a premium, the stock was vulnerable to a de-rating as growth slows.
Broker tips: Duke Royalty, Britvic, Drax
Analysts at Canaccord Genuity raised their target price on finance company Duke Royalty from 45. 0p to 52. 0p on Thursday following the firm's "resilient" full-year trading performance.
Broker tips: Darktrace, Rightmove, Reckitt Benckiser
Analysts at Berenberg raised their target price on software outfit Darktrace from 750. 0p to 850. 0p on Wednesday, citing outperformance "across the board".
Broker tips: Equals Group, ITM Power
Analysts at Canaccord Genuity hiked their target price on diversified financials outfit Equals Group from 57. 0p to 98. 0p on Tuesday following the firm's recently published interim results.
Broker tips: Hays, Grainger, ConvaTec, IQE
Barclays upgraded shares of Hays to 'overweight' from 'equalweight' on Thursday and hiked the price target to 195. 0p from 120. 0p as it argued the market is underestimating the recruiter's growth potential.
Broker tips: 888 Holdings, DS Smith, Marks and Spencer
Analysts at Berenberg reiterated their 'buy' recommendation for shares of 888 Holdings, arguing that prospects for the online gambling group in the US remained undervalued.
Broker tips: Bunzl, Asos, BT
Analysts at RBC Capital Markets raised their target price on distribution company Bunzl from 2,270. 0p to 2,450. 0p on Monday following the firm's "solid" first-half earnings.