Broker Recommendations
Berenberg cuts price target on 'sell' rated M&S
Analysts at Berenberg cut their target price on retailer Marks & Spencer's shares from 250. 0p to 160. 0p on Monday, stating that they felt that the downgrade cycle was "not yet over" for the group.
JP Morgan spies tactical opportunity in euro area equities, upgrades to 'overweight'
Strategists at JP Morgan sounded a tactically confident note on the outlook for euro area equities, citing investor positioning, the valuation discount versus stocks in the States, accelerating money supply growth and increased speculation around a possible fiscal stimulus package.
Whitbread slumps on Barclays downgrade
Whitbread was under the cosh on Monday as Barclays downgraded its stance on shares of the Premier Inn owner to ‘equalweight’ from ‘overweight’.
HSBC sees easyJet benefiting from Thomas Cook's demise
Analysts at HSBC reiterated their 'buy' recommendation for shares of Easyjet (target price unchanged at 1250. 0p) but stayed at 'reduce' on RyanAir (target price unchanged at €8. 75) stock in the wake of Thomas Cook's decision to file for administration.
Canaccord slashes price target on Quixant following challenging year for gaming division
Analysts at Canaccord Genuity cut their target price on technology firm Quixant from 400p down to 250p on Friday, citing a challenging year in the group's gaming division.
Persimmon rallies on Jefferies upgrade
Persimmon got a boost on Friday after Jefferies upgraded its stance on shares of the housebuilder to 'buy' from 'hold' and said it was now among its preferred picks in the sector, along with Berkeley and Countryside Properties.
Berenberg downgrades Carnival on weaker 2020 outlook
Berenberg downgraded its stance on shares of cruise operator Carnival to 'sell' from 'hold' on Friday, pointing to a weakening outlook for 2020 following a profit warning the day before.
Canaccord anticipates more favourable winds for Lamprell
Analysts at Canaccord Genuity lowered their price target on oil rig construction business Lamprell from 105p to 90p on Thursday, noting that the UAE-based firm's first-half results were "little to write home about", but sounded a very upbeat note on the outlook for the firm's Saudi Long-Term Agreements and for offshore wind.
Thursday broker round-up
BBA Developments: Berenberg downgrades to hold with a target price of 335p.
Berenberg cuts price target on 'sell' rated AA
Analysts at Berenberg lowered their target price on shares of 'sell' rated AA from 65p to 50p on Thursday, saying 2019 remained a "critical year" for the firm.
Wednesday broker round-up
Frontier Developments: Credit Suisse initiates outperform with a target price of 1,490p.
Canaccord warns Safestay's EBITDA conversion 'not where it should be'
Analysts at Canaccord Genuity reiterated their 'buy' rating on a 50p target price on hostel operator Safestay on Wednesday, but warned that revenue-to-underlying earnings conversion was still "not where it should be".
Berenberg downgrades BBA Aviation, highlights full valuation
BBA Aviation was under the cosh on Wednesday as Berenberg cut its rating on the shares to ‘hold’ from ‘buy’ following the company’s first-half results and its disposal of parts distributor Ontic, pointing to a full valuation and limited near-term catalysts.
UBS ups TUI to 'neutral' after Thomas Cook collapse
UBS upped its stance on shares of travel company TUI to 'neutral' from 'sell' on Tuesday, as it said the demise of Thomas Cook "brings relief to overcapacity".
Berenberg raises price target on Easyjet
Berenberg raised its price target on shares of budget airline EasyJet to 1,260p from 1,150p on Tuesday, saying the collapse of Thomas Cook added confidence to its view that the group would achieve margin outperformance over the coming year.
Canaccord Genuity upgrades Hurricane Energy to 'buy'
Analysts at Canaccord Genuity raised Hurricane Energy to 'buy' from 'speculative buy' on Monday, highlighting some "fresh operational information" on its Lancaster early production system project in the group's interim results.
Berenberg upgrades Petra Diamonds after share price weakness
Berenberg upgraded its stance on Petra Diamonds stock to 'hold' from 'sell' on Monday, lifting the price target to 9p from 8p following weakness in the shares over the summer.
