Broker Recommendations
Jefferies sees compelling risk/reward in StanChart, stays at 'buy'
Analysts at Jefferies reiterated their 'buy' recommendation for shares of Standard Chartered, telling clients that the consensus was likely underestimating the lender's performance in the financial markets segment during the second quarter.
Friday broker round-up
National Grid: Deutsche Bank upgrades to buy with a target price of 940. 0p.
Canaccord Genuity nudges up target price on Marshalls
Analysts at Canaccord Genuity slightly raised their target price on landscaping products manufacturer Marshalls from 605. 0p to 610. 0p on Friday, stating a recent recovery in sales was just what the doctor ordered.
Marlowe shares worthy of attention following placing, says Berenberg
Analysts at Berenberg took a fresh look at property manager Marlowe on Friday, stating that the group was worthy of attention following the completion of its recent £40m placing.
Thursday broker round-up
Fevertree Drinks: JP Morgan downgrades to underweight with a target price of 1,900. 0p.
Berenberg hikes target price on GVC Holdings
Analysts at Berenberg raised their target price on bookmaker GVC Holdings from 900. 0p to 1,100. 0p on Thursday, stating the group had delivered an "exceptional" second quarter despite Covid-19 related headwinds.
JPMorgan downgrades Fevertree after 'significant' outperformance
JPMorgan Cazenove downgraded its rating on shares of posh tonics maker Fevertree to ‘underweight’ from ‘neutral’ on Thursday following "significant" outperformance year to date.
Berenberg raises target price on DFS Furniture
Analysts at Berenberg hiked their target price on retailer DFS Furniture from 175. 0pto 210. 0p after hosting a fireside chat with chief executive Tim Stacey and chief financial officer Mike Schmidt.
JPMorgan downgrades Ferrexpo but lifts price target
JPMorgan Cazenove downgraded its stance on shares of iron ore company Ferrexpo to ‘underweight’ from ‘neutral’ on Wednesday following the recent rise in the share price, as it took a look at the metals and mining sector.
Wednesday broker round-up
Royal Dutch Shell: JP Morgan downgrades to neutral with a target price of 1,700. 0p.
Canaccord Genuity nudges up target price for Netcall shares
Analysts at Canaccord Genuity slightly raised their target price on software firm Netcall from 54. 0p to 57. 0p on Tuesday after the group's 2020 underlying earnings came in "comfortably ahead" of estimates.
RBC upgrades The Restaurant Group to 'outperform'
The Restaurant Group is a "new beast" focused on Wagamama, Royal Bank of Canada said as it upgraded its recommendation for the company's shares to 'outperform'.
Monday broker round-up
Rotork: RBC Capital Markets downgrades to underperform with a target price of 275. 0p.
Berenberg upgrades Connect Group to 'buy'
Analysts at Berenberg upgraded newspaper and magazine distributor Connect Group from 'hold' to 'buy' on Tuesday following a strong update from the group.
Morgan Stanley sees cycle turning higher for 'value' stocks
Equity strategists at Morgan Stanley sounded a positive note on so-called 'value' stocks, arguing that the economic cycle was shifting into a 'recovery regime' - but there was catch.
Monday broker round-up
Kingfisher: RBC Capital Markets reiterates outperform with a target price of 275. 0p.
Liberum reiterates 'sell' rating on Royal Mail
Analysts at Liberum slightly raised their target price on 'sell' rated postal service Royal Mail Group on Monday, stating that risks to its UK operations outweighed resilience in its European arm, General Logistics Systems (GLS).
JP Morgan says 'pent-up' demand will be exhausted, stays 'overweight' on Tech and Healthcare
Equity strategists at JP Morgan believe that second quarter corporate results on both sides of the Atlantic may come in ahead of analysts' forecasts, helped by the fact that estimates were at very depressed levels.
JPMorgan upgrades Ryanair, reiterates 'overweight' on Wizz
JPMorgan Cazenove upgraded its stance on shares of Ryanair on Monday, arguing that the budget airline is a long-term winner in European aviation with its "fortress balance sheet" and ultra-low costs.
Morgan Stanley stays at 'underweight' on BP, sees 50% dividend cut
Analysts at Morgan Stanley reiterated their 'underweight' recommendation on shares of BP and their forecast for a 50% dividend cut in 2020.