Broker Recommendations
Vodafone should take voluntary dividend cut, JPM Cazenove says
Vodafone management should voluntarily cut the dividend to support deleveraging efforts and restore confidence to the under-pressure shares, said JPMorgan Cazenove on Monday.
Charter Court-OneSavings merger gets warm welcome from analysts
Analysts in the City of London came out almost universally in support of the proposed merger between Charter Court and OneSavings Bank.
Pub groups toast stronger sales as restaurants continue to struggle
Pub sales picked up last month after a dry January but restaurants continued to falter, industry research published on Monday showed.
Citi upgrades IAG after 'unprecedented fall from grace'
Shares in British Airways and Iberia parent International Consolidated Airlines Group flew higher on Monday as Citi upped its recommendation to 'neutral' from 'sell' and lifted the price target to 560p from 508p following an "unprecedented fall from grace" in recent weeks.
Canaccord ups target for Alfa Financial after 'troubled year'
Analysts at Canaccord Genuity upped their target price on finance industry software provider Alfa Financial on Friday, stating the group had turned a corner towards the end of a "troubled year".
Saga shares sink as JPMorgan warns of margin pressure
Shares in over-50s specialist Saga sank on Friday as JPMorgan Cazenove cut its stance on the stock to 'underweight' from 'neutral' and reduced the price target to 120p from 140p, arguing that competitive markets are adding to margin pressure and highlighting a weak balance sheet.
Just Eat downgraded to 'equal weight' at Barclays
Analysts at Barclays downgraded online food ordering and delivery service Just Eat to 'equal weight' on Thursday, citing limited upside to their 785p target price on the back of slower growth and heightened competition.
Thursday broker round-up
Just Eat: Barclays downgrades to equal weight with a target price of 785p.
SocGen downgrades Rio, BHP as it turns more cautious on miners
Rio Tinto and BHP were knocked lower on Thursday as Societe Generale downgraded its recommendation on both stocks as it moved to a more cautious stance on most of the metals and mining stocks it covers following year-to-date gains.
Peel Hunt downgrades Quiz as profit warning sends shares into freefall
Peel Hunt downgraded its stance on fashion brand Quiz to 'sell' from 'hold' on Thursday after it issued its second profit warning this year, cutting the price target to 12p from 25p.
JPM upgrades Ultra Electronics on reduced risk profile
Ultra Electronics results this week and management's confidence "draw a line under a challenging two years" and led JPMorgan Cazenove to take a positive view of the defence contractor's shares.
Berenberg praises UK construction firms following strong start to the year
Analysts at Berenberg took a fresh look at the British construction sector on Wednesday, reiterating its positive stance on UK housebuilders after a strong start to the year.
Goldman downgrades Burberry on demanding valuation
Burberry was under the cosh on Wednesday as Goldman Sachs cut its stance on the stock to ‘sell’ from ‘neutral’ and reduced the price target to 1,855p from 2,148p, pointing to a demanding valuation.
Genus shares trot higher on Liberum upgrade
Animal genetics specialist Genus got a boost on Tuesday as Liberum upgraded the stock to 'buy' from 'hold' and lifted the price target to 2,500p from 2,500p.
Citi downgrades 'fairly valued' United Utilities
Analysts at Citi downgraded United Utilities to 'neutral' on Tuesday after the water group reached the bank's target price.
Berenberg reiterates 'buy' on Relx after Friday rout
Analysts at Berenberg reiterated their 'buy' rating on analytics firm Relx on Monday, arguing that the fall in the group's share price on Friday was "overdone".
Iron ore prices to rise even higher, JP Morgan reckons
JP Morgan Cazenove has raised its forecasts for iron ore prices, arguing that the reduction in Vale’s output in the aftermath of the Feijao dam collapse is likely to be worse than initially forecast.
Monday broker round-up
RSA Insurance Group: JP Morgan downgrades to neutral with a target price of 610p.