Broker Recommendations
Airbus share decline 'too dramatic' UBS says
The fall in Airbus's shares is "too dramatic" given the aerospace company's strong products and ability to weather the turbulence caused by Covid-19, UBS analysts said.
Credit Suisse ups AstraZeneca price target on lung cancer drug
Credit Suisse raised its target price for AstraZeneca to reflect the potential of the FTSE 100 company's Tagrisso lung cancer treatment.
Berenberg raises target on Plus500
Analysts at Berenberg upped their target price on online trading business Plus500 from 1,033. 0p to 1,120. 0p on Thursday, stating the group had continued to recent tumultuous conditions across financial markets.
JPM upgrades M&B in 'precarious times' for UK pubs
JP Morgan raised its rating on Mitchells & Butlers to 'overweight' as it cut 2020 earnings estimates for UK pub companies by an average of two-thirds to reflect the Covid-19 shutdown.
Thursday broker round-up
Mitchells & Butlers: JP Morgan upgrades to overweight with a target price of 340p.
Berenberg hikes target price on 'finely balanced' Flutter
Analysts at Berenberg hiked tier target price on bookmaker Flutter from 6,500p to 7,00p on Wednesday, stating the group was "finely balanced" to withstand the current coronavirus-fuelled period of disruption.
Wednesday broker round-up
Cairn Energy: Berenberg downgrades to hold with a target price of 130p.
RBC hikes target for Polymetal citing 'positives' from Analysts Day
Analysts at RBC Capital Markets hiked their target price in shares of gold miner Polymetal in the wake of the Analysts Day held the day before.
Buy Energean and Gulf Keystone for upswing, Berenberg says
Buy Energean Oil & Gas in a strategy favouring quality companies for when the oil price starts to rise in the second half of 2020, Berenberg analysts recommended.
BAE's attractions undervalued, JP Morgan says
BAE Systems offers potential upside of 50% that the market is undervaluing, JP Morgan analysts said as they reiterated their 'overweight' rating on the aerospace company.
Deutsche Bank names IAG as short-term 'buy' in anticipation of recovery
Analysts at Deutsche Bank touted shares of International Airlines Group as a short-term buy idea after their valuation fell below their long-term average and in anticipation of a recovery in earnings coming out of the Covid-19 induced recession.
Berenberg upgrades Morrisons, double-downgrades Sainsbury’s
Berenberg double-downgraded its stance on Sainsbury’s to ‘sell’ from ‘buy’ on Tuesday but lifted Morrisons to ‘buy’ from ‘hold’ as it took a look at the food retail sector.
Liberum hikes target price on Oxford Biomedica
Analysts at Liberum hiked their target price on gene and cell therapy company Oxford BioMedica from £8. 60 per share to £10. 90 on Tuesday, citing demand at its new OxBox manufacturing facility.
Citi ups Royal Mail to 'buy' on Covid-19 parcels surge
Citi upgraded Royal Mail to 'buy' from 'sell' after parcel volumes increased during the Covid-19 lockdown and the company's shares fell further than its peers.
Liberum nudges up target price on IG Group
Analysts at Liberum raised their target price on financial derivatives trader IG Group from 725p to 740p on Monday, stating the group was likely to continue benefiting from the recent heightened volatility seen across markets.
Barclays reinstates coverage of IG Group after surge in trading
Barclays has reinstated its coverage of IG Group with an ‘overweight’ recommendation, after the online trading platform reported bumper trading.
JP Morgan starts coverage on Ninety One at 'neutral', sees long-term growth
Analysts at JP Morgan kicked off coverage of South Africa-based asset manager Ninety One with a 'neutral' recommendation and 170. 0p December 2020 target price.
Monday broker round-up
South32: Jefferies downgrades to underperform with a target price of 80p.
European EPS to fall 45% this year, says Morgan Stanley
European earnings per share will fall 45% this year, Morgan Stanley said in a note on Monday.