Broker Recommendations
Liberum raises target price on Boohoo
Analysts at Liberum raised their target price on online fashion retailer Boohoo from 430. 0p to 490. 0p on Friday, arguing that its recently announced acquisition of the remaining 34% stake in Prettylittlething that it didn't already hold was a "very shrewd and positive move".
Provident Financial rallies on Jefferies upgrade
Provident Financial shares rallied on Friday after Jefferies upped its rating on the doorstep lender to ‘buy’ from ‘hold’.
Friday broker round-up
Admiral Group: Barclays downgrades to equal weight with a target price of 2,304p.
BofA upgrades Rio Tinto and BHP to 'buy' on iron ore outlook
Bank of America upgraded its ratings on BHP and Rio Tinto to 'buy' because iron ore cash flows will attract investors looking for relatively safe dividends.
Liberum raises target price on PayPoint
Analysts at Liberum raised their target price on payment services group PayPoint from 800. 0p to 1,000. 0p on Thursday after the group's full-year results came in ahead of estimates a day earlier.
Ryanair and Wizz are best airline shares, Morgan Stanley says
Ryanair and Wizz Air are the European airlines that offer investors the best balance between risk and reward with easyJet an attractive bet if demand recovers faster than expected, Morgan Stanley said.
Thursday broker round-up
Provident Financial: RBC Capital Markets reiterates sector performer with a target price of 195p.
Berenberg downgrades Signature Aviation to 'sell'
Berenberg downgraded Signature Aviation - formerly BBA Aviation - to ‘sell’ from ‘hold’ on Thursday as it said the stock’s re-rating has been too aggressive.
Pearson slumps on Berenberg downgrade
Education publisher Pearson was under the cosh on Wednesday after Berenberg downgraded its stance on the stock to ‘sell’ from ‘hold’, cutting its estimates to reflect the risk of severe disruption to college enrolments in 2020 and less favourable FX rates.
Wedneday broker round-up
Hurricane energy: Canaccord downgrades to speculative buy with a target price of 16p.
JPMorgan upgrades Unite, cites four reasons to buy
JPMorgan Cazenove upgraded its rating on shares of student accommodation provider Unite to ‘overweight’ from ‘neutral’ on Wednesday, highlighting four reasons to buy the stock.
Liberum bumps up Marston's price target on Carlsberg JV
Broker Liberum upped its price target on buy-rated Marston’s to 90p from 65p on Wednesday as it argued that the creation of a brewing joint venture with Carlsberg, announced last week, "solves several near-term issues and should continue to drive value over the medium to long term".
Canaccord Genuity lowers target on Hurricane Energy following Lancaster shut-in
Analysts at Canaccord Genuity dropped their target price on oil and gas group Hurricane Energy from 24. 0p to 16. 0p and lowered the firm to 'speculative buy' from 'buy' following the company's decision to shut in one of its Lancaster production wells.
Berenberg nudges target price on 'well positioned' MJ Gleeson higher
Analysts at Berenberg nudged up their target price on construction group MJ Gleeson from 750. 0p to 765. 0p on Tuesday, stating the group appeared to be "well positioned to return to growth".
Tuesday broker round-up
Greencore Group: Peel Hunt reiterates hold with a target price of 130p.
MJ Gleeson 'in the right place', Canaccord says
MJ Gleeson is "in the right place" to recover strongly from the Covid-19 crisis in 2021, Canaccord Genuity said as it increased its target price on the housebuilder.
Jefferies stays at 'buy' on Go Ahead, likes portfolio and balance sheet
Analysts at Jefferies reiterated their 'buy' recommendation for shares of Go-Ahead Group, highlighting the attractions of its portfolio, especially its UK franchise and balance sheet positioning.
Friday broker round-up
Whitbread: RBC Capital Markets reiterates underperform with a target price of 2,350p.
Berenberg hikes target price on DCC
Analysts at Berenberg hiked their target price on sales and marketing group DCC from 6,500. 0p to 7,450. 0p on Friday, stating there was value in the group's "war chest balance sheet".
Canaccord ups price target on Begbies Traynor
Canaccord Genuity has upped its price target on Begbies Traynor Group, arguing that a spike in insolvencies following the Covid-19 outbreak will boost earnings at the corporate restructuring specialist.