Broker Recommendations
JP Morgan applauds Greene King for 'undoubtedly' good start to the year
Analysts at JP Morgan said that nature had given Greene King a somewhat unexpected boost throughout the first 18 weeks of its fiscal year 2019 as the UK's long, hot summer drove the pubco's like-for-like sales ahead 2. 8% year-on-year.
Peel Hunt upgrades Moneysupermarket after share price weakness
Peel Hunt upgraded Moneysupermarket. com to ‘buy’ from ‘add’ on Monday following recent share price weakness, with the stock down 14% from mid-June.
Buy Diageo on the dips ahead of US revival, says Morgan Stanley
Smirnoff and Guinness maker Diageo could, after seven years losing US market share, start to outperform rivals and gain share in its largest market, said Morgan Stanley.
Greene King is 'significantly undervalued', say analysts
Friday was a good day for Greene King as its first quarter results impressed analysts sufficiently to lead to upgrades from Peel Hunt and Canaccord.
RBC Capital initiates DCC at 'outperform', says valuation undemanding
RBC Capital Markets initiated coverage of support services group DCC at ‘outperform’ on Friday with a 9,500p price target, saying the valuation looks undemanding versus other distribution and defensive growth names in business services.
Goldman downgrades Burberry to 'neutral' after outperformance
Goldman Sachs downgraded its stance on luxury fashion brand Burberry to ‘neutral’ from ‘buy’ and took the stock off its ‘Conviction List’ following recent outperformance.
Liberum warns of looming capital goods correction, cuts Bodycote and IMI
A “sharp correction” is coming for the capital goods sector, broker Liberum warned on Thursday, leading it to downgrade engineering firms Bodycote and IMI.
Redburn downgrades HSBC to 'sell', warns of QT's impact on HK
Analysts at Redburn called into question HSBC's plans to generate multi-year revenue growth with less capital, downgrading the shares to 'sell' in the process.
Sirius faces scepticism as update divides analysts
Shares in Sirius Minerals were temporarily suspended after falling more than 27% in early trading on Thursday but several brokers remained optimistic about the company's prospects as it looks to develop a polyhalite mine under the North Yorkshire moors.
Alfa Financial a 'sell' for Berenberg following disappointing update
Analysts at Berenberg downgraded Alfa Financial Software to 'sell' on Thursday, highlighting several risks to the firm's guidance following its first-half results.
Morgan Stanley upgrades BP to 'overweight' ahead of new capex cycle
Analysts at Morgan Stanley upped their rating and target price on oil giant BP on Wednesday, as they took a fresh look at the sector ahead of an expected new capex cycle.
Brexit tail-risks for UK banks are rising, JP Morgan says
Analysts at JP Morgan sounded an upbeat note on shares of UK lenders on Wednesday, even as they warned that Brexit 'tail-risks' were rising.
Bernstein sees Vodafone as undervalued over dividend fears
Investor concerns about Vodafone's lack of dividend cash cover are justified, said Bernstein, but upgraded its rating on the stock on the company's undervaluation in light of its agreed asset swap with Liberty Global.
Auto Trader has 'limited catalysts' for shares, says UBS
There are not many opportunities visible to lift the Auto Trader share price in the short term, said UBS on Tuesday.
Berenberg ups Lloyds to 'hold' on valuation
Berenberg upgraded Lloyds Banking Group to 'hold' from 'sell' on Tuesday on valuation grounds, keeping the price target at 60p.
RBC Capital downgrades Inmarsat to 'sector perform'
With the stock underpinned by Echostar and given current headwinds, RBC Capital Markets downgraded Inmarsat to 'sector perform' from 'outperform' on Tuesday, slashing the price target to 650p from 725p.
Tobacco companies' vaping fervour will dent profits, RBC warns
Big tobacco companies' newfound enthusiasm for vaping threaten the groups' profits, said RBC Capital Markets, leading it to downgrade its rating on Imperial Brands and British American Tobacco.
Pubs sector 'in a precarious state' - Citi
Many pub companies are in a "precarious state", Citi warned on Monday, as they have too much leverage and little surplus cash flow to bail themselves out as the increasingly indebted UK heads for a potential disorderly Brexit.
Jefferies repeats 'buy' rating on Dechra after results tumble
Although investors were unimpressed with Dechra's annual results and sent the shares galloping down, analysts at Jefferies liked the "impressive growth" in North America during the veterinary products manufacturer's last trading year.