Broker Recommendations
Thomas Cook a 'compelling recovery play' for Jefferies
The chance to regain lost demand for its Eastern Mediterranean and North African offerings makes package holiday provider Thomas Cook a "compelling recovery play", said Jefferies.
Jefferies upgrades DFS to 'buy', hails 'resilience' in challenging market
Analysts at Jefferies upgraded their rating of furniture retailer DFS from ‘hold’ to ‘buy’ on Monday, citing the company’s acquisition of Sofology and its "resilience" in the face of a challenging market.
Glencore downgraded by RBC over Congolese asset freeze
Complications at mining giant Glencore continue to mount following the freezing of its assets in the Democratic Republic of the Congo as a result of a $3. 0bn claim from an Israeli businessman, leading analysts at RBC Capital Markets to reassess their stance.
ShoreCap stays at 'hold' on RBS, awaiting DoJ decision on RMBS suit
ShoreCap stuck to a 'hold' recommendation for shares of RBS following the lender's 'in-line' first quarter figures, pointing to the yet unresolved outcome of the US Department of Justice's investigation into alleged historical mis-selling of residential mortgage-backed securities in the States.
Credit Suisse ups target on Shell, but says further deleveraging needed
Analysts at Credit Suisse revised their target price for oil major Royal Dutch Shell higher, citing recent changes to their macro forecasts, at the same time that they highlighted the existence of several key positives for the shares.
Global economy is in a temporary slowdown, Goldman Sachs says
The global economy is in a “slowdown” phase that typically leads to a move away from risky assets, according to Goldman Sachs.
Thursday broker round-up
Playtech: Deutsche Bank reiterates buy with a target price of 1,300p.
U&I issued 'buy' rating at Liberum, highlights 'good gains'
Record development and trading gains achieved in U&I's last trading year demonstrated that the firm was capable of delivering on its potential, setting the scene for a "continuation of good gains" in future years, according to a note from Liberum.
Credit Suisse upgrades UK shares to 'overweight'
Strategists at Credit Suisse have upgraded their recommendation on UK shares to 'overweight', telling clients it was the second cheapest major region after Japan, with its valuation having dropped to the bottom decile of its historic range. Yet its dividend yield, relative to the market, was at 15-year highs.
RBC Capital ups Boohoo target price after 'solid' FY results
RBC Capital Markets upped its price target on online fast fashion retailer Boohoo. com to 140p from 125p on Thursday following the company's "solid" full-year results a day earlier.
JP Morgan remains confident in De La Rue after unsuccessful passport bid
Analysts at JP Morgan on Wednesday reiterated an ‘overweight’ rating of British banknote manufacturer De La Rue on the basis that its expected dividend implies an "attractive" 5% yield.
Intertek knocked lower by Credit Suisse downgrade
Intertek was under the cosh on Wednesday as Credit Suisse cut its stance on the stock 'underperform' from 'neutral' and slashed the price target to 4,600p from 5,450p to reflect slightly lower near-term forecasts and an increased risk in the testing sector.
Wednesday broker round-up
CityFibre: RBC Capital Markets downgrades to sector perform with a target price of 81p.
Canaccord buys into Whitbread demerger plans
Analysts at Canaccord Genuity bought into Whitbread's announced de-merger with its Costa Coffee arm, arguing that there were no synergies to be had from keeping the two together.
Morgan Stanley reiterates 'overweight' rating on drinks-maker Diageo
Having underperformed its spirits peers so far this year, analysts at Morgan Stanley spied a buying opportunity in drinks-maker Diageo given its track record of solid organic sales growth and strong cash generation.
BAE Systems undervalued in face of much improved growth outlook - Berenberg
BAE Systems shares are not fully reflecting the defence contractor's "much improved" growth outlook and supportive defence market, said Berenberg as it upgraded them to a 'buy' recommendation.
Victrex now fully valued, thinks Berenberg
Polymers manufacturer Victrex has had a good run, but as far as analysts at Berenberg were concerned, it was time to downgrade the firm to 'hold' as it was now fully valued.
JP Morgan expects US and euro area company earnings to surprise positively in Q1
Earnings beats will be rewarded, not faded, strategists at JP Morgan believe, telling clients stocks were set to extend their rebound even as yields continued to move higher, as corporate earnings on both sides of the Atlantic "surprised" to the upside.
Liberum downgrades Clarkson after profit warning
Liberum downgraded FTSE 250 shipbroker Clarkson to 'hold' from 'buy' and cut its price target to 3,200p from 3,600p on Monday following a profit warning, as it reduced its forecasts on quieter asset transaction markets and FX.