Broker Recommendations
Liberum raises price target on Quilter
Analysts at Liberum upped their target price on financial services company Quilter from 159. 0p to 185. 0p on Tuesday on the back of the "good news" that a "substantial" cash return was in the pipeline.
Citi rings the changes at Vodafone
Citi has thrown its weight behind Vodafone, despite the problems the telecoms giant is facing in India, pointing instead to improving European earnings.
Goldman Sachs downgrades SSE after outperformance
Goldman Sachs downgraded shares of SSE to ‘neutral’ from ‘buy’ on Tuesday following outperformance.
Tuesday broker round-up
SSE: Goldman Sachs downgrades to neutral with a target price of 1,461p.
Credit Suisse downgrades Rentokil to 'neutral'
Credit Suisse downgraded Rentokil Initial to ‘neutral’ from ‘outperform’ on Tuesday, cutting the price target to 450p from 460p.
Berenberg ups Marks & Spencer to 'buy' ahead of Q3 update
Marks & Spencer got a boot on Tuesday as Berenberg double-upgraded its stance on shares of the retailer to ‘buy’ from ‘sell’ ahead of a third-quarter trading update this week.
Berenberg raises price target for On the Beach
Analysts at Berenberg upped their target price on shares of UK-based travel retailer On the Beach from 480. 0p to 540. 0p on Monday, stating the shuttering of Thomas Cook last September had presented the group with "a significant opportunity" to achieve a step-change in market share.
Deutsche Bank downgrades St James's Place to 'hold'
Deutsche Bank downgraded its stance on shares of St James’s Place to ‘hold’ from ‘buy’ on Monday as it argued that the risk/reward was now more balanced.
Jefferies stays at 'buy' on Tesco in anticipation of stronger UK economy
Analysts at Jefferies reiterated their 'buy' recommendation and 310. 0p target price for shares of Tesco in anticipation of an upbeat third quarter trading update and for over Christmas from the grocer, the possibility of quick progress on disposing of its Asian assets and a greater willingness on the part of investors to engage with UK assets thanks to a "better-managed" Brexit process in 2020.