Broker Recommendations
Tuesday broker round-up
XPS Pensions Group: RBC Capital Markets initiates outperform with a target price of 140p.
FTSE 100 movers: Paper and packaging shares rally; Whitbread hit by downgrade
London's FTSE 100 was up 0. 8% at 7,573. 06 in afternoon trade on Tuesday as Boris Johnson was set to be crowned Prime Minister after winning the Tory leadership contest.
Whitbread slumps on Bernstein downgrade
Premier Inn owner Whitbread was under the cosh on Tuesday as Bernstein downgraded the stock to 'underperform' from 'market perform', pointing to a return to a fundamental-led performance following the recent cash return.
Berenberg cuts target price on Scapa despite 'positive' Q1 update
Analysts at Berenberg slashed their target price on diversified healthcare and industrial company Scapa on Tuesday, but said the group's "positive start" to the year should restore some investor confidence.
JPM takes 'neutral' stance on Asos after profit warning
Analysts at JP Morgan Cazenove downgraded shares of fashion retailer Asos to 'neutral' from 'overweight' on Monday following the group's profit warning last week.
Stifel resumes coverage of Tui at 'buy', says shares oversold
Tui shares rallied on Monday as Stifel resumed coverage of the stock at 'buy' with a 940p price target offering a 32% total shareholder return.
Friday broker round-up
Travis Perkins: RBC Capital Markets upgrades to outperform with a target price of 1,600p.
RBC reiterates 'top pick' rating on Beazley
Analysts at RBC Capital Markets reiterated their 'top pick' rating on British insurance firm Beazley on Friday, but cut their target price from 700p to 675p, citing a short term negative impact on its earnings.
Berenberg raises target price on EasyJet following Q3 update
Analysts at Berenberg upped their target price on low-cost carrier EasyJet from 1,120p to 1,150p on Friday, noting that momentum appeared to have improved earlier than they expected.
ShoreCap stands by 'buy' rating on Hilton Food
Analysts at Shore Capital Markets kept their 'buy' rating on Hilton Food Group following the firm's inline first-half trading update.
Berenberg upgrades CVS to 'buy' as organic growth accelerates
Analysts at Berenberg upgraded veterinary services group CVS to 'buy' from 'hold' on Thursday, stating the company had reached an inflexion point following a series of downgrades in 2018 and the start of 2019.
Berenberg initiates coverage on miners Hochschild and Polymetal
Analysts at Berenberg initiated coverage on precious metals producers Hochschild Mining and Polymetal on Wednesday.
UK Defence companies "looking more interesting (with caveats)', JP Morgan says
Analysts at JP Morgan reiterated their "selectively positive" stance on European Civil Aerospace, labelling Rolls Royce (Underweight; target price: 650. 0p) as one of its two top ideas in the sector while keeping Ultra Electronics (Overweight; target price: 1,820. 0p) as its top pick.
Jefferies cuts recommendation on Burberry despite bumper first quarter
Jefferies has downgraded Burberry, despite the luxury fashion brand reporting a bumper start to the year.
Wednesday broker round-up
Burberry Group: Jefferies downgrades to underperform with a target price of 2,000p.
Jefferies remains 'on the sideline' with Aston Martin, upgrades to 'hold'
Analysts at Jefferies upgraded shares of iconic British car manufacturer Aston Martin Lagonda from 'underperform' to 'hold' on Tuesday, but said they were still "hoping for more" from the firm.
JPMorgan downgrades Lloyds to 'neutral'
JPMorgan Cazenove has downgraded Lloyds Banking Group, warning that Brexit is weighing on the wider UK banking sector.