Broker Recommendations
Barclays says Melrose Industries down but not out, stays at 'overweight'
Analysts at Barclays lowered their estimates for Melrose Industries but kept their recommendation for the shares, telling clients that a recovery in its automobile segment in 2021 might result in "upside surprises".
Friday broker round-up
Unilever: Barclays upgrades to overweight with a target price of 5,470. 0p.
Berenberg raises target price on Computacenter
Analysts at Berenberg hiked their target price on computer services provider Computacenter from 1,700p to 2,450p on Friday, stating its conviction was at all-time highs.
Deutsche Bank sees 'substantial' opportunity for Rentokil's disinfection arm
Analysts at Deutsche Bank hiked their target price for shares of Rentokil Initial, highlighting the potentially "substantial" uplift to the company's disinfection services arm in the second quarter from the Covid-19 pandemic.
Canaccord Genuity slightly lowers target price on 'buy' rated Begbies Traynor
Analysts at Canaccord Genuity slightly lowered their target price on business rescue and recovery specialist Begbies Traynor on Thursday but retained its 'buy' rating on the group.
Thursday broker round-up
Stagecoach Group: Peel Hunt upgrades to buy with a target price of 70. 0p.
Berenberg lowers target price on Close Brothers
Analysts at Berenberg slightly lowered their target price on merchant bank Close Brothers from 1,170 to 1,100 on Thursday but stated the group appeared to be "weathering the storm".
Canaccord ups target price on Atalaya Mining
Analysts at Canaccord Genuity hiked their target price on metals and mining group Atalaya Mining from 200. 0p to 290. 0p on Wednesday, singling out the firm's "outstanding" recovery leverage.
Wednesday broker round-up
Resolute Mining: Berenberg reiterates buy with a target price of 90. 0p.
Stars aligning for eurozone equities but UK lacks catalysts, says Barclays
Barclays said in an equity strategy note on Wednesday that the eurozone remains its favourite region as the "stars align" after EU leaders agreed a rescue package, but UK equities remain an ‘underweight’ for the bank.
Berenberg upgrades Easyjet to 'buy'
Analysts at Berenberg lowered their target price on low-cost carrier Easyjet from 850. 0p to 800. 0p on Wednesday but upgraded their recommendation for the group;s shares to 'buy' as a result of flyer confidence creeping up.
JP Morgan stay 'overweight' on AstraZeneca despite 'aggressive' rise in shares
JP Morgan analysts reiterated their 'overweight' stance and 9,500. 0p target price on shares of AstraZeneca following the release of early clinical trial data for its Covid-19 vaccine candidate, AZD1222, the day before.
Morgan Stanley raises target for Asos by half as consumer shun stores
Analysts at Morgan Stanley hiked their target price for shares of Asos by almost half following the company's latest trading update and on the back of proprietary research showing that UK consumers were set to continue shunning physical stores - but only in the short-term.
Berenberg reiterates 'buy' rating on Future
Analysts at Berenberg took a fresh look at media giant Future on Tuesday following the group's latest trading update a day earlier.
Deutsche Bank raises target price on Reckitt Benckiser
Analysts at Deutsche Bank upped their target price on consumer goods company Reckitt Benckiser from 7,400. 0p to 8,400. 0p on Monday, highlighting the group's "enduring fame".
Monday broker round-up
British American Tobacco: Jefferies downgrades to hold with a target price of 3,000. 0p.
DCC shares up with events, says RBC Capital
RBC Capital Markets downgraded its stance on sales, marketing and support services group DCC to ‘sector perform’ from ‘outperform’ on Monday, saying the shares were up with events.
Canaccord Genuity starts Idox at 'buy' on new initiatives and outlook for government spending
Analysts at Canaccord Genuity started coverage of software supplier Idox at a 'buy' with a 68. 0p target price, highlighting the initiatives put in place by its new management team to turn the business around and the solid outlook for government spending.
JPMorgan ups UK equities to 'neutral', says risk/reward improving
JPMorgan Cazenove upgraded its stance on UK equities to ‘neutral’ from ‘underweight’ on Monday, highlighting an improvement in risk/reward and funding the move by downgrading Japan equities.