Broker Recommendations
Liberum upgrades McColl's to 'buy'
Analysts at Liberum upgraded corner store operator McColl's Retail Group from 'hold' to 'buy' on Friday, citing some "positive signs" in the group's most recent update.
Hunting's Titan is vulnerable to competition, Credit Suisse says
Hunting's Titan business is vulnerable to competition, Credit Suisse said as the investment bank reduced its target price for the energy services group's shares.
Friday broker round-up
McColl’s Retail Group: Liberum upgrades to buy with a target price of 45p.
RBC bumps up target price for Bunzl but stays at 'underperform'
Analysts at RBC bumped up their target price for shares of distribution and outsourcing outfit Bunzl but stayed at 'underperform' on the shares in expectation of "structural pressure" on its end markets.
BofA slashes forecast for 2020 euro area growth
Economists at BoFA Securities slashed their forecast for economic growth in the single currency bloc in 2020 on the back of the impact of the Chinese coronavirus.
Berenberg sees 'difficulties ahead' for DS Smith
Analysts at Berenberg lowered their target price on packaging business DS Smith from 480. 0p to 400. 0p on Thursday, stating that there were some "difficulties ahead" to navigate.
Buy Sumo on shares' weakness, Shore Capital says
Buy Sumo Group to take advantage of share price weakness, Shore Capital said as it upped its rating on the video games developer.
UBS cuts Burberry to 'sell' on turnaround doubts and coronavirus
Burberry is one of the luxury brands most at risk from the coronavirus outbreak, UBS said as it downgraded the company to 'sell' and slashed its target price by more than a third.
Thursday broker round-up
Restaurant Group: RBC Capital Markets downgrades to sector performer with a target price of 170p.
Berenberg raises target price on 'extremely attractive' Petrofac
Analysts at Berenberg slightly raised their price target on Petrofac's shares from 420. 0p to 440. 0p on Wednesday, stating the oilfield services group's bid pipeline had it back on track for growth.
HSBC's premium valuation 'unjustified', argues Berenberg
Berenberg has reiterated is ‘sell’ rating on HSBC, arguing the blue chip bank’s premium valuation is “unjustified”.
Wednesday broker round-up
Associated British Foods: Berenberg downgrades to hold with a target price of 2,700p.
Expect BT dividend cut in 2021, Jefferies says
BT is likely to cut its dividend by 30% from 2021 to reduce debt and help clinch favourable full-fibre broadband (FTTP) regulation, Jefferies analysts said.
Tesco is a cash compounder, Shore Capital says
Tesco is a cash compounder that values capital discipline over growth after selling its Chinese stake and other overseas interests, Shore Capital said.
Berenberg calls Dalata 'significantly undervalued'
Analysts at Berenberg lowered their target price on Irish hotel operator Dalata from 700. 0p to 625. 0p on Tuesday, citing some "more modest" levels of free cash as a result of the group's expansion plans.
Canaccord Genuity calls SIG shares 'uninvestable', cuts price target
Canaccord Genuity has slashed its price target on SIG, arguing that the British building materials group is currently “uninvestable”.
Transport and logistics facing potential 'substantial' hit from coronavirus, says Berenberg
The financial fallout from the coronavirus already being felt in the first quarter across the transport and logistics sector could increase well into the second, Berenberg warned on Tuesday.
Berenberg raises target price on Pets At Home
Analysts at Berenberg hiked their target price on animal products retailer Pets At Home from 210. 0p to 300. 0p on Monday, noting the group's new management team had transformed both the company's fortunes and investor perceptions.
