Broker Recommendations
Deutsche Bank upgrades Superdry, says de-rating overdone
Superdry's de-rating is overdone and the valuation is now attractive, Deutsche Bank on Wednesday as it upgraded the clothing brand to 'buy' from 'hold' and lifted the price target to 1,610 from 1,430p.
Vodafone's dividend might not be sustainable, Kepler suggests
Broker Kepler Cheuvreux began coverage of Vodafone with a 'reduce' rating and a price target of 180p on the telecoms giant.
Jefferies upgrades Coca-Cola HBC as it enters a 'sweet spot'
Jefferies upgraded Coca-Cola HBC to 'buy' from 'hold' on Wednesday and hiked its price target to 3,000p from 2,660p, saying the group was entering a "sweet spot" of growth and M&A optionality given the strong balance sheet.
Jefferies downgrades fully valued Rentokil
Analysts at Jefferies chose to downgrade their stance on pest control firm Rentokil on Tuesday, saying that the group's accelerated growth had brought it to full valuation and moved the stock from 'buy' to 'hold'.
Barclays downgrades Computacenter on valuation grounds
Barclays cut Computacenter to 'underweight' from 'equalweight' on Tuesday on valuation grounds.
Peel Hunt upgrades Ascential to 'add''
Peel Hunt upgraded Ascential - the owner of the Cannes Lions festival - to 'add' from 'hold' and lifted the price target to 515p from 400p as it updated its forecasts for the sale of the events business, moves in the dollar and the acquisition of global digital subscription business WARC.
Tuesday broker round-up
Hargreaves Lansdown: Numis upgrades to add with a target price of 2,198p.
Canaccord expects 'some bounce back' from Travis Perkins
While Canaccord Genuity expects "some bounce back" in Travis Perkins' second-quarter trading thanks to better weather, the broker believes that profits are still likely to be down on lost sales due to the cold winter.
Meggitt guidance upgrade a 'turning point' for Berenberg
Last week's full-year guidance upgrade over at Meggitt was seen as a "turning point" for the aerospace and defence firm by analysts over at Berenberg.
Motor insurers Direct Line and Esure in line of fire for Barclays
Amid a continued soft market in UK motor insurance, with further pricing declines in April-May, Barclays on Friday downgraded Direct Line to ‘equal weight’ from ‘underweight’ and cut its target price to 357p from 420p, while Esure was also downgraded.
Canaccord not ready to give SIG the 'benefit of the doubt'
Analysts at Canaccord Genuity said on Friday that the investment case for SIG continued to hinge on the success of its turnaround strategy to improve profitability and returns even while reducing leverage.
Berenberg slashes Playtech target price following Asian profit warning
Analysts at Berenberg revisited Playtech's numbers on Friday, making substantial amendments to account for the firm's recent acquisition of Snaitech, concluded at the end of June and the group's latest profit warning issued on 2 July, flagging the increased competition in the Asian market.
Friday broker round-up
River and Mercantile: Numis upgrades to buy with a target price of 320p.
Credit Suisse 'confident' on AB Foods following improved third quarter
As retail arm Primark continues its top-line growth while managing to rebuild its margins, analysts at Credit Suisse were reassured that parent company Associated British Foods to grow profits in spite of the volatility affecting its sugar business.
Berenberg feels Standard Life is 'not that cheap', cuts target
Analysts at Berenberg asked themselves on Thursday just how cheap Standard Life Abderdeen is and duly lowered their target price.
Thursday broker round-up
eve Sleep: Berenberg downgrades to 'hold' with a target price of 30p.
Liberum lowers price target on ToppsTiles following 'cautious outlook'
Broker Liberum trimmed its forecasts for Topps Tiles on Wednesday, saying the retailer's cautious outlook had highlighted some weakening in recent weeks.
Wednesday broker round-up
Petra Diamonds: RBC Capital Markets upgrades to outperform with a target price of 65p.
RBC Capital upgrades Petra Diamonds after rights issue
RBC Capital Markets had upped its stance on Petra Diamonds to 'outperform' from 'sector perform' following its $178m rights issue.