Broker Recommendations
Jefferies reiterates 'buy' on Centrica but concedes downside risks to consensus view
Analysts at Jefferies reiterated their buy recommendation and 165p target price on shares of Centrica following the energy's supplier's latest interims, even as they conceded that several aspects of the group's results "implied" downside risks to consensus estimates for its earnings per share in fiscal year 2018.
Berenberg changes mind on Abcam, reinstating 'buy' rating
Analysts at Berenberg on Tuesday upgraded their rating for shares of Abcam from ‘Hold’ to ‘Buy’ after having downgraded shares of the antibodies supplier just three months ago.
Berenberg brings Jupiter Fund Management 'back down to earth'
Berenberg brought its estimates and valuation of Jupiter Fund Management "back down to earth" on Monday after the group's recent results confirmed that the silver lining that investors had hoped for had not materialised.
Discount supermarket growth 'slows sharply', UBS upgrades Morrisons
The competitive pressure from discount supermarkets is "abating", UBS believes, upgrading Morrisons shares to 'buy' as analysts see potential for margins to finally grow along with sales.
Canaccord remains confident on Domino's despite backroom drama
Broker Canaccord reiterated its ‘buy’ rating for Domino’s Pizza on Monday despite reports of souring relationships between the company and some key franchisees.
Berenberg ups Computacenter price target, reiterates 'buy'
Berenberg lifted Computacenter's price target to 1,850p from 1,450p on Friday as it reiterated its 'buy' stance on the stock following the unexpected trading update earlier this month.
Howden put on 'hold', target price lifted by Canaccord after good UK performance
Analysts at Canaccord Genuity lifted their target price on Howden Joinery to 525p from 515p but downgraded the group to 'hold' from 'buy' as it sought clarity on where group growth would come from.
Reckitt at end of long downgrade cycle - UBS
Reckitt Benckiser has reached the end of a long downgrade cycle, UBS believes, though the shares are around "fair value" after recent strength.
Ferrexpo upgraded by Liberum despite bearish iron ore view
Analysts at Liberum felt that as Ferrexpo shares have underperformed so far this year, the firm's valuation was starting to look "reasonable".
Liberum downgrades Intu Properties on 'awful' H1 capital value drop
Liberum downgraded Intu Properties to 'sell' from 'hold' and cut the price target to 145p from 200p on Thursday after the shopping centre owner said it swung to a first-half loss, caused by a fall in the value of its estate.
Beazley's prospects look good, Berenberg says
Beazley’s growth prospects have improved and it is in a good position to capitalise on opportunities, Berenberg analysts said as they upgraded the Lloyd’s of London insurer to ‘buy’.
Berenberg points out value in UK housebuilders
Berenberg initiated coverage of a host of housebuilders on Wednesday at buy' and 'hold' ratings, after the sector has endured a tough 2018 and with shares down 16% amid concerns about cooling house price inflation and rising build costs.
Liberum resumes coverage on Air Partner with 'buy' rating
As far as Liberum is concerned, Air Partner's strategy and fundamentals have remained "intact and attractive".
Vodafone masks 'tangible deterioration' under the surface - SocGen
At first glance, Vodafone's first-quarter results look fine, but analysts at Societe Generale said scratching the surface showed "a tangible deterioration in year-on-year growth trends with more to come".
Next's strong summer sales leave valuation intact, Jefferies says
Next’s trading was probably strong in the second quarter and an upgrade to the company’s guidance looks likely but the fashion chain is fairly valued, Jefferies analysts said ahead of a trading update next week.