Broker Recommendations
Hammerson's Intu tilt may bring PE bidders out of the woodwork - Olivetree
Hammerson's acquisition of shopping mall rival Intu Properties is a mix of "opportunism" and "defensiveness", said analysts at specialist M&A broker Olivetree Financial, who do not expect the deal to be blocked on competition grounds.
Barclays starts Ted Baker at 'equalweight'
Ted Baker's valuation was up with events, Barclays's analysts said, initiating their coverage at 'equalweight' despite the company's multiple attractions.
Morgan Stanley upgrades Carnival on strong demand signals
Analysts at Morgan Stanley have upgraded their recommendation on cruise ship operator Carnival on the back of strong demand signals.
JPMorgan upgrades EasyJet to 'overweight'
JPMorgan Cazenove upgraded EasyJet to 'overweight' from 'underweight' and lifted the price target to 1,550p from 1,330p as it incorporates the acquired Air Berlin slots.
Tesco to benefit most as supermarket wages fall below inflation - Goldman
Tesco and Morrisons were boosted by upgrades from Goldman Sachs, which upped its forecasts for both supermarkets as wages track below food price inflation for the first time in four years.
Barclays starts coverage of Apple supplier IQE at 'overweight'
Trading on 24 times' their estimates for its earnings per share in 2020, stock in IQE was on a 'premium' valuation but it did not look stretched, analysts at Barclays said.
Morgan Stanley ups target price on Easyjet, but leaves at 'equalweight'
Analysts at Morgan Stanley hiked their target price on Shares of Easyjet on the back of improved estimates for the airline's revenues per seat and higher projections for the cable exchange rate together with the impact from 'rolling forward' their valuation at improved multiples.
Deutsche Bank upgrades IMI, downgrades Bodycote
Deutsche Bank upgraded its stance on IMI on Monday and downgraded Bodycote as it took a look at the European capital goods sector.
Monday broker round-up
Randgold Resources: RBC upgrades to Sector Perform with a target price of 6600p.
Warnings of 'equity correction' and 'red lights' fly thick and fast
A stock market correction of around 40% in global equity indices is a "real possibility", analysts warned on Friday as stocks soar "higher than the festive reindeer" and star UK investor Neil Woodford sees “so many lights flashing red” he is put off from buying.
Canaccord starts Ashmore at 'buy', highlights improving revenue quality
Canaccord Genuity initiated coverage of Ashmore at 'buy' with a 410p price target.
Royal Mail shareholders 'not the priority' in 2018, Deutsche Bank downgrades
Royal Mail is a hard company to forecast at the moment, with numerous moving parts and risks, said Deutsche Bank as it cut its forecasts and moved the shares to a 'sell' recommendation.
Babcock downgraded to 'equalweight' at Morgan Stanley
Analysts at Morgan Stanley have downgraded their recommendation on Babcock on the back of both sector-wide and company specific headwinds pertaining to the company's growth prospects and margins, in particular.
Friday broker round-up
Royal Mail: Deutsche Bank downgrades to Sell with a target price of 359p.