Broker Recommendations
HSBC downgrades Centrica on likely dividend cut
HSBC's analysts downgraded multinational utility company Centrica to 'reduce' on Wednesday, saying that while its recently announced price increase would help maintain its margins, it may, in turn, precipitate further customer losses.
RBC still sees "compelling" investment case in Drax
Analysts at RBC sounded an upbeat note on Drax, telling clients the electricity generator's shares continued to offer a "compelling" investment case despite the recent rally in their share price.
Canaccord reiterates 'sell' rating on ASOS
Interim results from ASOS lends further support to broker Canaccord Genuity's thesis that the cost of the retailer's growth will continue to come in ahead of market expectations, "making its valuation hard to justify".
RBC declares Glencore 'top pick' in mining sector
Analysts at RBC Capital took a fresh look at mining giant Glencore on Tuesday, arguing that the market reaction to the new Russian sanctions provided an "even better" entry point to its 'top pick' in the sector.
RBC Capital Markets cuts year-end 2018 target for S&P 500
RBC Capital Markets has trimmed its FY2018 S&P 500 target to 2,890 from 3,000 and its 2018 earnings per share estimate to $151 from $155.
Tuesday broker round-up
Ascential plc: Berenberg downgrades to hold with a target price of 400p.
Berenberg downgrades Ascential, sees risks on horizon
Ascential was under the cosh on Tuesday as Berenberg downgraded its stance on the exhibition business to 'hold' from 'buy' citing "risks on the horizon".
Ted Baker rallies on Goldman upgrade
Ted Baker rallied on Tuesday as Goldman Sachs upgraded the stock to 'buy' from 'neutral', keeping its 3,250p target as it said the share price drop since the January statement was "overdone".
Credit Suisse emphasises Primark's importance to Associated British Foods
Credit Suisse analysts reiterated their ‘buy’ rating for Associated British Foods (ABF) on Monday, telling clients they expected the company to see strong results from ingredients and groceries, as well as from Irish retailer Primark.
Peel Hunt points to 'pivotal' years at IMI and Renishaw in sector review
Analysts at Peel Hunt mulled over the UK industrials sector on Monday, giving investors some fresh insight on IMI and Renishaw in the process.
JP Morgan reiterates 'overweight' on Anglo American, Glencore, Vedanta and Kaz
Analysts at JP Morgan reiterated their 'overweight' stance on shares of Anglo American, Glencore, Vedanta and KAZ Minerals.
Monday broker round-up
BHP Billiton: Societe Generale upgrades to buy with a target price of 1,600p.
Citi highlights preference for Halfords, Dixons Carphone as it reviews retailers
Retailers were among the big movers in London on Friday as Citi adjusted its ratings on several stocks as part of a broader note on European general retail.
JP Morgan drops target price on BTG after 'cautious' PneumRx outlook
Analysts at JP Morgan took a fresh look at British pharmaceutical company BTG on Friday, cutting their target price on the back of lower forecasts for sales of its Roxwood and Varithena products, but above all as a result of the anticipated lower contribution from PneumRX - its upcoming lung therapy - and due to foreign exchange headwinds.
Credit Suisse says Lloyds is best option among UK banks
Analysts at Credit Suisse said Lloyds continued to be their preferred lender in the UK, pushing their estimates for its earnings per share further past what the consensus was expecting in the process.
Berenberg bumps up Tesco, Morrisons ratings
Berenberg upped its stance on Tesco and Morrisons on Friday as it took a look at the UK food retail sector.
Credit Suisse prefers UK energy names, starts Global Energy at 'overweight'
Credit Suisse has started coverage of the Global Energy sector at 'overweight', arguing that forward prices are set to rise and pointing to cheap valuations as the main arguments in favour of their view.