Broker Recommendations
Jefferies upgrades CYBG, downgrades Virgin
Jefferies changed its stance on challenger banks CYBG and Virgin Money on Monday, upgrading the former as it downgraded the latter.
Monday broker round-up
Just Eat: Deutsche Bank downgrades to sell with a target price of 630p.
Deutsche Bank says 'sell' Just Eat over investment, competition
Deutsche Bank downgraded Just Eat from 'hold' to 'sell' on Monday as it cut its profit forecasts and target price for the shares due to the online food delivery group's new investment plan.
JP Morgan upgrades Pennon and Severn Trent after they reach unusually low levels
Analysts at JP Morgan upgraded their recommendations for Pennon and Severn Trent, arguing that concerns about regulatory risk, rising government bond yields and possible nationalisation by a Labour government had pushed the shares to "unusually low" levels.
Friday broker round-up
esure: RBC Capital Markets upgrades to outperform with a target price of 275p.
Berenberg initiates coverage on Acacia and Centamin
Berenberg initiated coverage on African gold miners Acacia Mining and Centamin on Friday, with its analysts hitting the Tanzanian-focussed outfit with a 'sell' rating right out of the gate and its Egyptian peer with a 'hold'.
Kepler upgrades Smurfit, adopts 'wait and see' mode after IP rejection
Kepler Cheuvreux has upped its stance on Smurfit Kappa to 'hold' from 'reduce' after the corrugated packaging company said this week that it had rejected an offer from US-based International Paper.
Esure boosted by double upgrade to 'outperform' at RBC Capital
Insurer Esure was boosted by a double upgrade to ‘outperform’ from ‘underperform’ by RBC Capital Markets, which lifted its price target on the stock to 275p from 250p.
Weir shares seen at major discount to sector, says Liberum
Analysts at Liberum initiated coverage on engineer Weir Group on Thursday with a 'buy' rating as the performance of its European peers suggested that margins could grow quicker than expected.
Morgan Stanley upgrades Britvic rating despite looming sugar tax
Analysts at Morgan Stanley upgraded their recommendation for shares of Britvic on Thursday from ‘hold’ to ‘buy’, explaining that the shares' current level provided an "attractive" entry point, given the outlook for several of the company's main financial metrics over the medium-term, including a projected quadrupling of its free cash flows.
Berenberg upgrades UBM, says Informa paying near industry-record multiple
Berenberg upgraded business-to-business event organiser UBM from 'sell' to 'hold' on Thursday and upped its target price from 675p to 930p as risks to the fashion industry, the firm's largest sector, seemed "less relevant now".
RBC Capital upgrades Premier Oil after recent share price weakness
Premier Oil gushed higher on Thursday as RBC Capital Markets upped its stance on the stock to ‘outperform’ from ‘sector perform’ following recent weakness and the company's full-year results, keeping the price target at 100p.
Thursday broker round-up
Britvic: Morgan Stanley upgrades to overweight with a target price of 870p.
Credit Suisse compliments Rolls Royce on cash generation
Credit Suisse had some positive things to say about Rolls Royce on Wednesday after the British jet turbine manufacturer showed strong underlying cash generation at its earnings presentation.
Credit Suisse upgrades Synthomer as risks abate
Credit Suisse upgraded its view of Synthomer and increased the speciality chemical company's target price as it sees negative risks surrounding oversupply and raw material pricing have started to abate.
Liberum upgrades Card Factory and Superdry after share price weakness
Card Factory and Superdry got a boost on Wednesday as Liberum upgraded both stocks to 'buy' from 'hold' in a note on the general retail sector.
Credit Suisse confirms 'outperform' rating on IAG
Analysts at Credit Suisse took a look at British Airways parent company IAG on Tuesday, highlighting the potential headwinds the group might end up facing on its major routes as a result of the ownership requirements under the kind of 'Open Skies' agreement currently being negotiated by UK and US officials.
JP Morgan downgrades Ultra Electronics to 'neutral'
JP Morgan has downgraded Ultra Electronics to ‘neutral’, citing a reduced outlook for 2018 earnings and increased competition for providing sonobuoys to the US Navy.
Analysts cautious on Just Eat in short term due to market reaction
Analysts remained fairly confident in backing Just Eat's shares but while results were ahead of consensus expectations, management guidance for 2018 profits was significantly below consensus.