Broker Recommendations
EasyJet, IAG may need to raise funds due to quarantine plans, Citi says
Budget airline easyJet could be forced to raise at least £700m to £1bn of capital via an equity issuance as a result of government plans to impose a 14-day quarantine on travellers arriving in the UK from June.
Liberum expects National Express to restart dividend in 2021
Analysts at Liberum cut their target price for shares of National Express on the back of its recent dilutive equity offering and on the back of lower profit estimates.
Berenberg raises target price on Smith and Nephew
Analysts at Berenberg upped their target price on medical equipment manufacturer Smith & Nephew from £21. 35 to £21. 65 on Thursday, stating the group's outlook was beginning to improve.
Barclays upgrades Hiscox following $460m capital raising
Barclays has upgraded specialist insurer Hiscox to ‘equal weight’, arguing that its risk profile was now more balanced.
Canaccord slashes target price on Cineworld
Analysts at Canaccord Genuity slashed their target price on theatre operator Cineworld from 270. 0p to 140. 0p on Wednesday but said the group could very well represent a "surprise recovery play".
Jefferies upgrades Hiscox to 'buy'
Jefferies upgraded its stance on shares of Hiscox to ‘buy’ from ‘hold’ after the insurer announced late on Tuesday that it was launching an equity placing.
Berenberg ups target for Tate & Lyle despite cutting profit forecasts
Analysts at Berenberg upped their target price on food ingredients manufacturer Tate & Lyle from 625. 0p to 665. 0p on Tuesday despite further reducing its full-year 2021 profit estimates for the group.
Tuesday broker round-up
Stagecoach Group: Canaccord upgrades to buy with a target price of 110p.
Deutsche Bank upgrades Royal Mail, cites bid potential
Deutsche Bank upped its stance on Royal Mail to ‘hold’ from ‘sell’ on Tuesday, citing the potential risk of a bid after Czech billionaire Daniel Kretinsky - the owner of Sparta Prague football club and Czech energy utility EPH - took a 5. 35% stake in the company.
JPMorgan downgrades Ashmore to ‘underweight’
JPMorgan Cazenove downgraded its stance on shares of emerging markets investment manager Ashmore to ‘underweight’ from ‘neutral’ on Tuesday, cutting the price target to 310p from 350p as it said increasing uncertainty poses a risk to net fund flow recovery.
Citi raises target on Bellway, highlights "strong" order book and balance sheet
Analysts at Citi lifted their target price on shares of Bellway even after tweaking their profit estimates to factor in a slower ramp-up in construction activity.
Berenberg ups TP on Frontier Developments following Warhammer deal
Analysts at Berenberg upped their target price on video games maker Frontier Developments from 1,800. 0p to 2,000. 0p on Monday, stating the group had really put the "(War)hammer down".
Monday broker round-up
Go-Ahead Group: Canaccord upgrades to buy with a target price of 1,650p.
Liberum upgrades Irn-Bru maker AG Barr to 'buy'
Liberum upgraded its stance on Irn-Bru maker AG Barr to ‘buy’ from ‘hold’ on Monday, as it said the 30% drop in the share price was overdone and that it is a resilient, defensive, recovery play.
Sunday share tips: Restore, Helical
The Mail on Sunday's Midas column touted data-storage specialist Restore as a 'buy', calling attention to the resilience of its storage division despite the Covid-19 pandemic and strong demand at its IT unit.
Deutsche Bank stays at 'buy' BAE Systems, sees earnings recovering in 2021
Deutsche Bank stuck to its 'buy' recommendation on shares of BAE Systems's, telling clients that while profits would drop sharply in 2020, a recovery would follow in 2021 and the engineer would make good on its dividend payments - or mostly.
Berenberg starts AB Dynamics at 'buy', sees long-term growth drivers intact
Analysts Berenberg initiated coverage on AB Dynamics at 'buy', telling clients the recent sharp drop in the shares provided a "compelling entry point" given the strong balance sheet and valuation discount versus peers.
Shore Capital downgrades Greggs; points to 'post-lockdown strains'
Shore Capital downgraded its stance on shares of bakery chain Greggs to ‘sell’ from ‘hold’ on Friday as it pointed to "post-lockdown strains to come" and the potential for earnings per share and valuation pressure.