Broker Recommendations
Jefferies reiterates 'buy' on Burford Capital, says business needs no new capital
Analysts at Jefferies reiterated their 'buy' recommendation and 2,400. 0p target price for the shares of the litigation finance specialist, telling clients that the company remained the long-term leader in that "large, under-penetrated" market, further highlighting the "attractive, uncorrelated" returns on offer.
Liberum cuts iron ore forecasts, downgrades host of miners
Liberum downgraded its ratings on a host of mining stocks on Thursday as it refreshed its bear case on iron ore, noting that credit growth is not fuelling Chinese property sales as in previous cycles.
Canaccord upgrades Tullow Oil to 'buy' on success offshore Guyana
Analysts at Canaccord Genuity raised their target price on shares of Tullow Oil following the oil explorer's recent success at the Jethro-1 exploration well offshore Guyana.
Canaccord raises Mitchells and Butlers to 'buy' following sector shake-up
Analysts at Canaccord Genuity upped their rating on pub operator Mitchells and Butlers to 'buy' from 'hold' on Wednesday, stating that bids elsewhere in the sector had ignited a reappraisal of the group and its shares.
Victrex rallies on Barclays upgrade
Victrex got a boost on Wednesday as Barclays upgraded its stance on shares of the provider of high-performance polymer solutions to 'equalweight' from 'underweight', lifting the price target to 2,020p from 1,990p and highlighting 20% upside to consensus estimates for 2021 earnings per share.
Wednesday broker round-up
Greene King: RBC Capital Markets downgrades to sector performer with a target price of 850p.
Berenberg downgrades Nostrum as Chinarevskoye field disappoints
Analysts at Berenberg double-downgraded Nostrum Oil and Gas on Wednesday after its hopes for "an operational turnaround" were dashed.
Canaccord Genuity lowers Greene King to 'hold' following CK Noble offer
Analysts at Canaccord Genuity raised their target price on British landlord Greene King on Tuesday, but lowered their recommendation for the firm's shares from 'buy' to 'hold' following the previous session's accepted offer from CK Noble.
Potential for 'material near-term volatility' in Royal Mail dispute with CWU, says JPM
Royal Mail shares were under the cosh on Tuesday as JPMorgan Cazenove said there is "potential for material near-term volatility and uncertainty" in the eventual outcome of the company's dispute with the Communications Workers Union (CWU).
Tuesday broker round-up
Royal Dutch Shell: Barclays downgrades to equal weight with a target price of 3,100p.
JP Morgan sticks to call for an August 'correction' in stocks
After a "tactical correction" in August, stocks should resume their uptrend although a peak for the current bull market in stocks in summer 2020 is possible, said strategists at JP Morgan.
Berenberg raises target price on Avon Rubber following Ceradyne acquisition
Analysts at Berenberg raised their target price on respiratory protection equipment maker Avon Rubber from 1,650p to 1,800p on Monday, stating that its acquisition of 3M's ballistic-protection business and rights to the Ceradyne brand had been the deal it was "waiting for".
RBC lowers target price on Standard Life Aberdeen
Analysts at RBC Capital Markets slightly trimmed their target price for shares of insurer Standard Life Aberdeen from 210. 0p to 205. 0p on Monday, noting that institutional net flows tended to be driven by the firm's three-year track record, which remains weak.
UBS upgrades CYBG, sees improvement in net interest margin
CYBG got a boost on Monday as UBS upgraded its rating on the shares to 'buy' from 'neutral', arguing that net interest margin is set to rise even in the current rates environment.
'Buy in September', BofA-ML says
Strategists at Bank of America-Merrill Lynch sounded a 'bullish' note on stocks heading into September and for the longer-term.
Shore Capital reiterates 'hold' on Nichols despite 'robust' top-line momentum
Analysts at Shore Capital reiterated their 'hold' rating on drinks maker Nichols on Friday, as investments continued to curtail some "robust" top-line momentum.
RBC bumps up target price for Cairn Energy
Analysts at RBC Capital Markets upped their target price on shares of Cairn Energy from 185p to 195p on Friday, stating the group was "well positioned" to weather the current "macro storm".
JP Morgan stays cautious on Kingfisher heading into Brexit deadline
Analysts at JP Morgan retained a "cautious" view on shares of white goods retailer Kingfisher, reiterating their 'underweight' recommendation and lowering their target price from 200. 0p to 190. 0p.
Berenberg starts Jadestone Energy at 'buy'
Analysts at Berenberg initiated coverage on Jadestone Energy at 'buy' on Thursday, stating that the company's efforts to turn around mature assets that had been neglected by their previous owners during the downturn would lead to the stock's re-rating if successful.