Broker Recommendations
FTSE 100 could hit 10,000 if it can shake off Brexit risk premium
For the top-flight index to reach the 10,000 point mark by end-2020, the UK share market needs to either rid itself of the current risk discount associated with Brexit or be carried aloft by a global equity bubble, a top research team said.
Jefferies starts Inchcape at 'buy', expects shares to positively re-rate
Jefferies initiated coverage on shares of car retailer Inchcape at 'buy' with an 845p price target on Tuesday, arguing that the "undervalued" distributor could drive upgrades by applying material surplus cash flow to M&A or share buybacks.
Rightmove leadership position priced in, says Deutsche Bank
Deutsche Bank downgraded its recommendation on Rightmove to 'hold' from 'buy' on Tuesday as the stock nears its new price target of 530p, down from 550p.
Stick with Whitbread on takeover hopes, Canaccord says
Investors should stick with Whitbread shares despite weak trading because it is financially strong and a potential takeover target, Canaccord Genuity said.
Deutsche stands by 'top pick' rating on AstraZeneca
Analysts at Deutsche Bank reiterated their 'buy' rating and 6,900p target price on British-Swedish pharmaceutical outfit AstraZeneca on Monday.
UBS ups IAG to 'buy', says share price pressure overdone
UBS bumped up its rating on shares of British Airways and Iberia parent International Consolidated Airlines Group to 'buy' from 'neutral' on Monday as it argued that share price pressure is now overdone.
Buy Aviva on strengthening balance sheet, Jefferies says
Investors should buy shares in Aviva to benefit from the insurer’s strengthening balance sheet, Jefferies analysts said.
WPP rallies on Barclays upgrade as Deutsche and Credit Suisse up price targets
WPP got a boost on Monday as Barclays upped its stance on shares of the advertising giant to 'overweight' from 'equalweight', while Deutsche Bank and Credit Suisse increased their price targets following the company's first-quarter trading update last week.
ShoreCap encouraged by Pearson's 'solid start' to the year
Analysts at Shore Capital upgraded shares of UK technology and publishing outfit Pearson from 'hold' to 'buy' on Friday, noting it was "encouraged" by the group's "solid start" to the year as outlined in its first-quarter trading update published earlier in the session.
Stagecoach rallies on Citi upgrade to 'buy'
Bus and rail operator Stagecoach got a boost on Friday as Citi upped its stance on the shares to 'buy' from 'neutral' as it argued there is too much negative sentiment priced in.
Shore Capital slashes UK house builders amid 'weak' pricing
Analysts at Shore Capital slashed their ratings of UK house builders on Wednesday, cutting Barratt, Bovis and Taylor Wimpey from 'buy' to 'sell' and Bellway, Berkeley, Crest Nicholson, Persimmon and Redrow from 'buy' to 'hold'.
Berenberg reaffirms 'hold' rating on Tullow Oil despite 'disappointing update'
Analysts at Berenberg reiterated their 'hold' rating on stocks of Tullow Oil following its "disappointing update" on Thursday.
Saga under the cosh as Peel Hunt slashes price target
Peel Hunt slashed its price target on shares of over-50s specialist Saga to 110p from 180p on Thursday as it cuts its earnings per share estimates to account for pricing cuts and the company's investment in growing the customer base.
Jefferies reiterates 'hold' rating on Tullow Oil ahead of AGM
Analysts at Jefferies kept their 'hold' recommendation and 245p target price on shares of exploration and production outfit Tullow Oil ahead of the company's AGM trading update on Thursday, even as they called attention to Exxon Mobil's decision during the previous week to send two rigs to appraise the Hammerhead discovery, offshoe Guyana, labelling it "significant".
Deutsche Bank upgrades Land Securities as it reviews London office market
Deutsche Bank upgraded several names in the London office market on Wednesday, having met with and interviewed a number of industry participants.
Shore Capital downgrades Amigo Holdings on recent rally, CEO change
Shore Capital downgraded its recommendation on Amigo Holdings to 'hold' from 'buy' on Wednesday following the surprise departure of the company's chief executive and a recent rally in the share price.