Broker Recommendations
RBC drops Diageo to 'sector perform', lowers target price
Analysts at RBC Capital Markets downgraded drinks maker Diageo from 'outperform' to 'sector perform' on Monday, stating it was no longer "appropriate" to assume the firm's margins would grow faster than other consumer staples companies'.
RBC ups rating on Abcam, despite revenue warning
RBC Capital Markets has upgraded its rating on Abcam to ‘outperform’, despite the life sciences specialist warning on revenues.
Monday broker round-up
Abcam: RBC Capital Markets upgrades to outperform with a target price of 1,300p.
Berenberg slashes target on City Pub Group
Analysts at Berenberg slashed their target price on City Pub Group from 220. 0p to 95. 0p on Friday but said the group's recent fundraiser had left the company with a substantial level of liquidity and a best-in-class balance sheet.
Friday broker round-up
Ferguson: Credit Suisse upgrades to neutral with a target price of 6,181p.
Credit Suisse upgrades Ferguson, expects dividend restart
Credit Suisse upgraded its recommendation for shares of Ferguson and hiked its target price, pointing out the various positives in its equity story and arguing that even under its 'grey sky' scenario, the plumbing and heating products distributor's earnings were set to be more stable than in 2008-09.
Deutsche Bank stays at 'buy' on Vodafone despite 'not great' underperformance
Analysts at Deutsche Bank kept their recommendation for shares of Vodafone at 'buy', despite their underperformance versus the sector and the wider market year-to-date.
RBC Capital labels news on Gilead Science's Remdesivir 'promising on the surface'
Analysts at RBC Capital sounded a positive note on reports published overnight regarding the results of a phase III clinical trial at a Chicago hospital for Gilead Science's Remdesivir drug for treating Covid-19.
Berenberg ups C&C Group to 'hold', lowers TP
Analysts at Berenberg slashed their target price on brewer C&C Group on Thursday but upped their rating on the group from 'sell' to 'hold'.
JD Sports shares no longer ‘compelling’, says RBC Capital
RBC Capital Markets downgraded JD Sports to ‘sector perform’ from ‘outperform’ on Thursday, cutting the price target to 570p from 600p, arguing that the shares were no longer "as compelling".
Barclays upgrades RBS, says Lloyds preferred UK bank stock
Barclays upped its stance on Royal Bank of Scotland shares to ‘equalweight’ from ‘underweight’ on Thursday in a note on UK banks.
Citi says UK GDP to shrink 7.6% due to Covid, earnings to halve
UK GDP will shrink by 7. 6% as a result of the coronavirus pandemic and ensuing containment efforts, Citi said on Thursday.
Wednesday broker round-up
Reckitt Benckiser Group: Credit Suisse upgrades to neutral with a target price of 5,900p.
Citi downgrades M&S, AB Foods; upgrades Dunelm
Citi reviewed its rating on a number of UK retail stocks on Wednesday amid a deteriorating economic outlook.
Wetherspoons may need to raise £250m to survive liquidity crisis, says Canaccord
Pub chain Wetherspoons may need to raise up to £250m to survive the liquidity crisis, Canaccord Genuity said on Wednesday.
RBC Capital downgrades Rightmove on Covid-19 impact
RBC Capital Markets downgraded Rightmove to ‘underperform’ from ‘sector perform’ on Wednesday, slashing the price target to 440p from 550p as it said the shares are not appropriately discounting the risk of prolonged pressure on the property market and in turn on Rightmove's customers.
JPMorgan upgrades Asos to 'overweight'
JPMorgan Cazenove upgraded its stance on shares of online fashion retailer Asos to ‘overweight’ from ‘neutral’ on Wednesday, arguing that "a stronger operational grip has now been consistently demonstrated" after a turbulent 18 months.
Markets underestimate potential for Covid-19 therapies to support re-opening US economy
The road to re-opening America's economy will be "long" and the final destination will only be reached when a vaccine for the Covid-19 coronavirus is found, analysts at Morgan Stanley warned.
Liberum nudges up price target on National Express
Analysts at Liberum raised their target price on National Express from 400. 0p to 425. 0p on Tuesday, highlighting the firm's ability to remaining earnings and cash flow positive and its extra liquidity headroom.