Broker Recommendations
Impatient Investec downgrades CYBG
CYBG shares still look cheap for the patient investors but Investec downgraded its recommendation as it sees little “better value elsewhere” on a 12-month view.
Barclays downgrades Compass on valuation grounds
Outsourcer Compass was under the cosh on Monday as Barclays downgraded its rating on the stock to 'equalweight' from 'overweight' after 10 years.
Barclays downgrades Micro Focus to 'equal weight' following share price recovery
Analysts at Barclays downgraded their recommendation on software and information technology business Micro Focus to 'equal weight' on Friday as part of a wider review of the European software and services industry's first quarter performance.
UK asset managers offer growth but 'face challenges and risks'
Intermediate Capital Group was Barclays' top pick as it kicked off coverage of the UK-listed asset management sector, while Standard Life Aberdeen was downgraded.
Berenberg downgrades Plus500 to 'hold' as revenues slump
Berenberg downgraded its stance on shares of online trading platform Plus500 to 'hold' from 'buy' on Friday and slashed the price target to 770p from 1,800p after it posted a big drop in first-quarter revenues amid "extremely subdued" financial markets.
Dixons Carphone 'potentially attractive turnaround story', says Barclays
Dixons Carphone rallied on Thursday as Barclays initiated coverage of the stock at ‘overweight’ with a 175p price target, arguing that it’s a "potentially attractive turnaround story".
IWG's franchising move could release 'a lot of value', says Peel Hunt
Analysts at Peel Hunt upgraded serviced offices provider IWG to 'buy' from 'hold' on Thursday, noting that the group's move to franchising out parts of the business could release "a lot of value".
HSBC cuts back on Ocado, downgrades to 'reduce'
Analysts at HSBC bumped up their target price for shares of Ocado even as they downgraded their recommendation for them, arguing that the company's pivot to a technology provider had only shifted the risk of the Home Delivery model floundering onto the shoulders of its customers.
Goldman Sachs downgrades Glencore, upgrades Kaz Minerals
Goldman Sachs downgraded its stance on Glencore shares on Thursday but upped its view on Kaz Minerals as it took a look at the European metals and mining sector, arguing that miners are well positioned as Chinese activity picks up.
Liberum reiterates 'buy' on Just Eat, eyes potential for bid from Uber
Analysts at Liberum reiterated their 'buy' rating on shares of food delivery service Just Eat on Wednesday, stating that recent newsflow had provided "positive read across" for the outfit.
Apple's foray into new services 'too late', says HSBC
HSBC has downgraded its rating on shares of tech giant Apple to 'reduce' from 'hold' as it assesses the company's foray into new services, which it reckons has come too late.
RBC Capital downgrades Glencore after 14% YTD share price rise
RBC Capital Markets downgraded its stance on Glencore to 'sector perform' from 'outperform' on Wednesday, cutting the price target to 330p from 350p following a jump in the share price year-to-date.
Wednesday broker round-up
Glencore: RBC Capital Markets downgrades to sector perform with a target price of 330p.
UK bus and rail sector 'running out of steam', says HSBC
Analysts at HSBC took a fresh look at Britain's bus and rail transport businesses on Tuesday, changing their estimates and target prices on several outfits as the sector appeared to be "running out of steam".
Morgan Stanley downgrades Hays amid lack of near-term catalysts
Morgan Stanley downgraded its rating on the shares of recruiter Hays to 'equalweight' from 'overweight' on Tuesday as it highlighted a lack of near-term catalysts.
BofA-ML sees upside to S&P 500 earnings and guidance
Strategists at Bank of America-Merrill Lynch sounded a positive note on the outlook for corporate earnings, telling clients the consensus was being too downbeat in its forecasts for first quarter profits and for the following quarters.
UBS downgrades Saga to 'neutral' following profit warning
Analysts at UBS downgraded over-50s focussed outfit Saga to 'neutral' from their previous 'buy' stance on Monday, following the group's second profit warning in as many years.
Monday broker round-up
Moneysupermarket: Berenberg downgrades to sell with a target price of 285p.