Broker Recommendations
Credit Suisses start Gazprom at 'neutral', says new payout policy priced-in
Analysts at Credit Suisse started coverage of London-listed Russian natural gas giant Gazprom a 'neutral' with a $9. 0 target price on its American Depositary Receipts, forecasting that the group's payout policy would rise to 5. 0% of profits by 2021, versus 30. 0% in 2019.
Monday broker round-up
Avon Rubber: Berenberg downgrades to hold with a target price of 2,300p.
UBS downgrades Capita, casts doubt over turnaround
UBS downgraded its recommendation on shares of outsourcer Capita to ‘sell’ from ‘neutral’ following a re-rating of more than 50%.
JPMorgan downgrades ConvaTec on valuation
JPMorgan Cazenove downgraded its stance on shares of medical products maker ConvaTec to ‘underweight’ from ‘neutral’ on Monday, cutting the price target to 168p from 171p as it pointed to an unattractive risk/reward.
Morgan Stanley says key questions left unanswered by Tullow Oil
Analysts at Morgan Stanley reiterated their 'equalweight' recommendation for shares of Tullow Oil, telling clients that its most recent guidance left key questions unanswered.
Morgan Stanley highlights 'underappreciated' opportunity at Ashtead
Analysts at Morgan Stanley upgraded Ashtead to 'overweight' on Friday, stating that data centres were an "overlooked structural growth opportunity" for US construction equipment rental.
Canaccord Genuity lowers target price on Whitbread
Analysts at Canaccord Genuity lowered their target price on Premier Inn operator Whitbread to 4,250p from 4,500p on Friday following the group's "disappointing" third-quarter update in the previous session.
Jefferies lowers Diageo to 'hold' following banner year
Analysts at Jefferies downgraded drinks maker Diageo from 'buy' to 'hold' on Thursday following "three very strong years of change" for the group.
Barclays downgrades Spirent on valuation after stellar run in 2019
Analysts at Barclays Research downgraded their view on shares of Spirent from 'equalweight' to 'underweight', telling clients that the stock's valuation was "out of sync" with testing peers.
Barclays downgrades GlaxoSmithKline to 'underweight'
Barclays downgraded its stance on GlaxoSmithKline shares to ‘underweight’ from ‘equalweight’ on Thursday, as it said 2020 looks set to be a much tougher investment year of little growth.
Improved political outlook boosts housing market - RICS
Greater political clarity following December’s general election has helped boost sentiment across the UK’s property market, a key survey showed on Thursday.
Aston Martin needs to raise 'at least' £400m of fresh equity, says Jefferies
Aston Martin Lagonda was under pressure on Wednesday as Jefferies said the luxury car maker would need to raise "at least" £400m of fresh equity.
Goldman adds Capita to 'Conviction List', hikes price target
Goldman Sachs reiterated its ‘buy’ rating on shares of outsourcer Capita on Wednesday as it hiked the price target to 240p from 200p and added the stock to its 'Conviction List'.
Berenberg initiates coverage on Talk Talk with damning report, starts at 'sell'
Analysts at Berenberg initiated coverage on telecommunications provider TalkTalk at 'sell' on Wednesday, calling the firm "weak" and "not cheap".
Barclays downgrades RBS to 'underweight'
Royal Bank of Scotland was under the cosh on Wednesday after Barclays downgraded its stance on the shares to ‘underweight’ from ‘equalweight’.
Canaccord raises target on Spirent Communications
Analysts at Canaccord Genuity raised their price target on shares of British telecommunications testing company Spirent from 205p to 230p on Tuesday to reflect some strong gross margins and lower opex highlighted in the group's recent update.
Morgan Stanley upgrades Easyjet, Wizz Air and Ryanair
Analysts at Morgan Stanley upgraded their recommendations for EasyJet, Wizz Air and Ryanair and revised their target prices for all three budget carriers in expectation of a "tighter" supply/demand balance in the sector.