Broker Recommendations
Thursday broker round-up
Domino's Pizza Group: Peel Hunt upgrades to buy with a target price of 300p.
Credit Suisse downgrades Qinetiq to 'neutral', trims target
Analysts at Credit Suisse downgraded their recommendation for shares of Qinetiq from 'outperform' to 'neutral', arguing that more earnings upgrades would require maturity on existing contracts and pointing to the recent re-rating in the share price, which had put their valuation back at a premium to its long-term EV/EBIT (enterprise value-to-earnings before interest and taxes) multiple versus its sector peers.
Restaurant Group's shares 'considerably undervalued', says Berenberg
Shares in Restaurant Group are "considerably undervalued" amid promising signs for its Wagamama franchise, the company's leisure brands and general market conditions, according to a note from Berenberg analysts.
Friday broker round-up
QinetiQ: Credit Suisse downgrades to neutral with a target price of 325p.
Burberry rallies on Goldman upgrade
Burberry got a boost on Friday as Goldman Sachs upped its stance on shares of the luxury fashion company to 'neutral' from 'sell' following underperformance, cutting the price target to 1,800p from 1,855p.
Berenberg slashes Staffline price target ahead of 'significant challenges'
Analysts at Berenberg lowered their recommendation on the shares of the UK's biggest recruiter Staffline to 'hold' from 'buy' on Thursday and slashed their target price, citing a series of "significant challenges to overcome".
Liberum maintains 'buy' on Serco following pre-close update
Analysts at Liberum maintained their 'buy' rating on public services provider Serco on Thursday, noting that the group's current share price was "cheap" given its "significant earnings momentum".
UBS downgrades Rightmove, highlights weak UK housing market
Rightmove was under pressure on Thursday as UBS downgraded its stance on the shares to 'sell' from 'neutral', saying the company is likely to struggle to accelerate average revenue per agent growth amid a weak UK housing market.
JP Morgan ups target price on 'attractive' Dunelm
Analysts at JP Morgan bumped up their target price on home furnishing retailer Dunelm up to 785p from their previous 750p watermark on Wednesday, stating the group's shares now fully reflected the strong underlying trends.
Lookers valuation 'extreme', says Liberum
Lookers' valuation looks "extreme", Liberum said on Wednesday, a day after the car dealership's shares tanked on news of a Financial Conduct Authority investigation into its sales processes.
Wednesday broker round-up
Ted Baker: RBC Capital Markets downgrades to sector performer with a target price of 900p.
RBC Capital downgrades Ted Baker, slashes price target
RBC Capital Markets downgraded its stance on Ted Baker shares to 'sector perform' from 'outperform' and slashed the price target to 900p from 1,900p as it highlighted a lack of catalysts.
Woodford fallout now priced into Hargreaves Lansdown shares, says Deutsche Bank
The fallout from the suspension of the Woodford Equity Income Fund is now reflected in the Hargreaves Lansdown share price, Deutsche Bank said on Wednesday, as it upped its stance on the stock to 'hold' from 'sell'.
UBS lowers Asos to 'neutral' on margin concerns
Analysts at UBS dropped online fashion retailer Asos from 'buy' to 'neutral' on Tuesday, telling clients that while it was turning more positive on the company's topline growth, it was less positive on its margins.
William Hill to benefit from Eldorado's merger with Caesars, says Morgan Stanley
William Hill got a boost on Tuesday as Morgan Stanley said it was set to benefit from US casino owner Eldorado Resorts' merger with Caesars Entertainment.
Tuesday broker round-up
Finablr: JP Morgan initiates at overweight with a target price of 190p.
Berenberg initiates coverage on Entertainment One at 'buy'
Analysts at Berenberg coverage coverage on shares of Canadian distribution and production firm Entertainment One at 'buy' with a 475p target price on Monday, noting that although the rise of subscription services such Netflix and Spotify had disrupted some of its traditional revenue lines, revenue from structural growth activities now outweighed income from the disrupted segments.
Morgan Stanley sees little upside left on Wall Street
Strategists at Morgan Stanley believe the US stock market may be headed for a 10% correction if the economic data continues to worsen over the course of the third quarter.
Barclays forecasts rough seas ahead for Carnival
Barclays has cut its recommendation for cruise operator Carnival over concerns earnings will continue to suffer from weak European demand.