Broker Recommendations
Canaccord downgrades Berkeley Group after recent run higher
Analysts at Canaccord Genuity downgraded their recommendation for shares of Berkeley Group Holdings on the back of the recent run-up in the share price "against a less attractive risk:reward ratio".
ShoreCap downgrades TP ICAP, sending shares lower
Shore Capital has cut its rating on TP ICAP, arguing that investors should be looking to take profits.
Acquisition offer shows that Tesco is undervalued, Jefferies says
Analysts at Jefferies raised their target price for Tesco's shares following the expression of interest received from a potential acquirer for its units in Thailand and Malaysia.
Jefferies sweetens rating on Tate & Lyle
Jefferies has upped its recommendation on Tate & Lyle, but continues to sound a note of caution about the impact of near-term political uncertainty and potentially "uncompelling" earnings growth.
RBC Capital downgrades ConvaTec after share price strength
RBC Capital Markets downgraded its stance on shares of medical products and technologies company ConvaTec to ‘sector perform’ from ‘outperform’ on Monday, cutting the price target to 197p from 210p following recent share price strength.
RBC Capital starts Provident Financial at 'sector perform'
RBC Capital Markets initiated coverage of Provident Financial at ‘sector perform’ on Friday, with a 445p price target.
Berenberg ups target on Halma, but stays at 'hold'
Analysts at Berenberg raised their price target on 'hold' rated Halma on Friday following "another impressive performance" over the first half of the year.
Jefferies trims target price on Glencore to reflect 'risk' from SFO investigation
Jefferies trimmed its target price for shares of commodity trader Glencore to reflect the risk to the franchise after the Serious Fraud Office's announcement of an investigation into potential bribery at the company.
Canaccord stays at 'buy' on Berkeley Group, praises 'extremely good' management
Analysts at Canaccord Genuity stayed at a 'buy' on shares of Berkeley Group despite the recent run-up in the luxury homebuilder's share price.
Berenberg raises target on Codemasters, spies potential for a bid
Analysts at Berenberg raised their target price on 'buy' rated games developer Codemasters from 290. 0p to 380. 0p on Thursday, stating that its acquisition of Slightly Mad Studios was more than "slightly" accretive.
ShoreCap 'happy' to reiterate 'buy' on Boohoo
ShoreCap kept the faith in Boohoo even after news that its co-founders, the group's executive chairman Mahmud Kamani and executive director Carol Kane, had reduced their stakes in the online fashion retailer's stock, happily reiterating its 'buy' recommendation.
RBC starts M&G at 'sector perform' in anticipation of fund outflows
Analysts at RBC started coverage of asset management and insurance group M&G 's shares at 'sector perform', telling clients that they were less optimistic than the consensus when it came to the outlook for outflows from the group's funds, although its heritage business was expected to see a bigger-than-expected uplift from mortality releases.
Thursday broker round-up
Berkeley Group Holdings: Liberum downgrades to sell with a target price of 4,000p.
RBC downgrades Segro to 'underperform'
Analysts at RBC Capital Markets downgraded property investment and development company Segro to 'underperform' on Wednesday following a significant share price increase in the stock.
Canaccord ups target on Ferguson, says US macro and listing plans are 'key'
Analysts at Canaccord Genuity revised their target price for shares of plumbers' merchant Ferguson higher, highlighting to clients the company's outperformance versus a flat market in the States, plans to de-merge its UK operations and for a full US listing.
Wednesday broker round-up
Moneysupermarket: RBC Capital Markets downgrades to underperform with a target price of 300p.
Morgan Stanley labels Hurricane Energy share price drop 'overdone'
Analysts at Morgan Stanley reiterated their 'overweight' recommendation for shares of Hurricane Energy, labelling the recent drop in the share "overdone".
Wednesday broker round-up
Moneysupermarket: RBC Capital Markets downgrades to underperform with a target price of 300p.
Tuesday broker round up
Aston Martin Lagonda: Goldman Sachs downgrades to neutral with a target price of 520p.
Berenberg ups target price on Tekmar
Analysts at Berenberg raised their price target on engineering services company Tekmar Group from 160. 0p to 180. 0p on Tuesday following the firm's first-half results for its 2020 financial year.