Broker Recommendations
Berenberg reiterates stance on Just Eat after £50m delivery investment
After seeing its shares fall roughly 15% since announcing its £50m investment in delivery at its full-year results back in March, the risk/reward from Just Eat moving into delivery was seen as "highly attractive" and a "sensible" use of capital by analysts at Berenberg, who gave the London-based group another look on Monday.
European sports broadcasters can breathe easier, says S&P
Sky, BT and other sports broadcaster should breath easier about keeping hold of football and other TV rights in the short term, says rating agency S&P Global, but further out they are at increasing risk from the big internet firms.
Canaccord initiates coverage on kettle maker Strix with 'buy' rating
With high margins, low capital intensity and strong cash conversion, kettle controls manufacturer Strix looked like an attractive prospect to Canaccord Genuity's analysts, pressing the button on a 'buy' rating for the AIM-quoted firm on Monday.
Credit Suisse upgrades M&S to 'neutral' after 10% YTD drop
With the shares down 10% year-to-date and limited downside to its unchanged price target of 285p, Credit Suisse upped its stance on retailer Marks & Spencer to 'neutral' from 'underperform' on Monday.
Credit Suisse likes Weir's deal for ESCO, ups price target
Following Weir's acquisition of US mining tools-maker ESCO, and the announcement of its intention to sell-off its Flow Control business, analysts at Credit Suisse approved of the course the deal had set the company on, in terms of revenue and market share expansion.
Rank's target price cut at Canaccord over challenging outlook
It's been a tough year for Rank, said analysts at Canaccord Genuity on Friday, and with tighter regulations, some seriously strong competition for its London casinos and its chief executive jumping ship, the broker has slashed its target price on the shares.
Esure's low-risk footprint undervalued, says Peel Hunt
Esure's low-risk footprint looks undervalued, Peel Hunt said on Friday as it bumped the stock up to 'buy' from 'add' and nudged the price target up to 300p from 295p.
Canaccord less negative than RBC on Debenhams
Analysts at Canaccord Genuity stood by their 'hold' recommendation for Debenhams on Thursday, despite the multiple 'red flags' for the company as a result of its high operational, financial and seasonal gearing.
Credit Suisse upgrades HSBC as expansion drives growth
After shares in HSBC endured a 12% year-to-date underperformance compared to UK domestic banking peers, analysts at Credit Suisse upped their rating and price target.
Analysts seek out UK retail bargains as consumer outlook brightens
It might seem counter-intuitive on the same day that more dismal official retail figures and disastrous numbers from Debenhams coincided, but plenty of contrarian thinkers have already started looking to the retail sector for investment opportunities.
Hammerson board on borrowed time, Jefferies analysts say
Hammerson’s board is likely to be ousted after turning down a bid approach and scrapping their own takeover of Intu, Jefferies analysts said on Thursday as they upgraded the FTSE 100 shopping centre operator to ‘hold’.
Credit Suisse ups Hammerson target price after Intu takeover aborted
Analysts at Credit Suisse increased their target price in shares of shopping centre owner Hammerson to 545p from 500p after the company withdrew its offer to purchase Intu Properties on Wednesday.
Morgan Stanley sees stocks topping-out in 2018
Stocks around the world will probably top-out this year, and sooner than most observers think, Morgan Stanley said.
Credit Suisse ups AA to 'neutral', says risk/reward balanced
The risk/reward for roadside assistance and breakdown cover provider and insurer AA is now balanced, according to Credit Suisse, which upped its rating on the stock to 'neutral' from 'underperform' and hiked the price target to 130p from 80p.
HSBC downgrades 'past its peak' Whitbread
HSBC analysts have downgraded Whitbread to ‘hold’, arguing the company’s businesses are past their peak and have lost trading momentum.
Animalcare in line for double-digit growth ahead, says Panmure Gordon
Animalcare is facing competitive pressures across its current sales mix, but while analysts at Panmure Gordon made some slight revisions to revenue and margin projections, they see strong growth ahead.
Wednesday broker round-up
South32: Deutsche Bank upgrades to hold with a target price of 185p.