Broker Recommendations
Shore Capital raises Sumo to 'buy' following share price drop
Analysts at Shore Capital upgraded their stance on video games developer Sumo Group from 'hold' to 'buy' on Friday following a near 6% drop in the outfit's shares since they initiating coverage on the group on 20 May, noting hat it had created 17% upside potential to its fair value assessment of 159p per share.
Berenberg ups price target on Electrocomponents after 'solid' FY results
Analysts at Berenberg upped their target price on British industrial and electronics products distributor Electrocomponents to 715p from their previous 650p stance after the group issued a "strong set" of full-year results last week.
Berenberg slashes NMC Health target but still sees considerable upside potential
Berenberg slashed its target price for shares of NMC Health after rebasing its model and transferring coverage to analyst Michael Ruzic-Gaithier, but continued to see significant upside.
Jefferies buys into Electrocomponents's expansion strategy, raises target
Jefferies raised its target price for Electrocomponents, telling clients it was buying into its chief executive officer's plans to exploit the opportunity for growth, instead of 'sweating' the assets and returning the surplus capital to shareholders as a European CEO might do.
Berenberg raises target on First Derivatives, but expresses concern
Analysts at Berenberg raised their target price on consulting services firm First Derivatives from 2,100p to 2,750p on Wednesday, highlighting the group's "strong growth" despite having little cash to show for it.
JPMorgan Cazenove initiates coverage of Diploma, Electrocomponents
JPMorgan Cazenove initiated coverage of Diploma and Electrocomponents on Wednesday at ‘overweight’ and ‘neutral’, respectively, as it argued that both are "high-quality operators compared to most other distributors".
Wednesday broker round-up
Serco: RBC Capital Markets upgrades to outperform with a target price of 150p.
Morgan Stanley sees further upside for Airbus ahead of likely XLR 321 launch
Analysts at Morgan Stanley revised their target price for shares of Airbus higher ahead of a likely spate of important milestones for the aerospace engineer over the next 12 months, including the possible launch of its single-aisle A321 XLR.
RBC Capital ups Serco to 'outperform'
RBC Capital Markets upgraded Serco to ‘outperform’ from ‘sector perform’ on Wednesday, lifting the price target to 150p from 140p as it said the risk/reward is now in favour.
Berenberg ready to watch Thomas Cook 'from the side', upgrades to 'hold'
Analysts at Berenberg upgraded cruise and travel operator Thomas Cook from 'sell' to 'hold' on Tuesday, saying it was "time to watch from the side".
Canaccord raises target on Kainos following trading update
Analysts at Canaccord Genuity upped their target price on digital technology solutions firm Kainos from 590p to 660p on Tuesday, noting that the consensus forecasts for growth and margins both looked "conservative".
Jefferies reiterates 'buy' on Burford Capital, says value of Petersen recoveries underestimated
Analysts at Jefferies reiterated their 'buy' recommendation for shares of Burford Capital, pointing out to clients that the company's share of the legal recoveries from the Petersen investment might reach $2. 5bn, which would equate to 55% of the company's market capitalisation.
BofA-ML sees further upside for risk assets, no escalation in trade war
Strategists see further upside for risk assets over the summer, but in their opinion the dominant underlying cross currents are deflation and "maximum liquidity".
Goldman upgrades Royal Mail to 'buy' following 'clear shift of focus'
Goldman Sachs upgraded shares of Royal Mail to 'buy' on Friday but cut its target price on the group from 360p to 320p due to higher near-term costs.
Friday broker round-up
SafeChange International Group: Berenberg downgrades to hold with a target price of 436p.
Mitchells & Butlers fizzes higher on Liberum upgrade
Shares in pub chain Mitchells & Butlers fizzed higher on Friday as Liberum upgraded the stock to ‘buy’ from ‘hold’ and hiked the price target to 340p from 270p after its half-year results a day earlier.
HSBC ups target price on 'market leader' Pets At Home
Analysts ay HSBC upped their target price on pet supplies retailer Pets at Home from 160p to 190p on Thursday after the group's full-year results a day earlier confirmed the successful completion of its turnaround strategy in retail and some good progress in its vet business.