Broker Recommendations
Workspace suits 'hub and spoke' office future, JP Morgan says
Workspace is best placed to benefit from a shift towards a "hub and spoke" model for corporate real estate, JP Morgan said as it cut its target price on the company's shares.
Barclays hikes target for WPP, says company guidance too conservative
Analysts at Barclays reiterated their 'overweight' recommendation for shares of WPP, arguing that the company's guidance for sales growth and operating margins was too "conservative".
Berenberg lowers price target on DMGT
Analysts at Berenberg lowered their target price on publisher Daily Mail & General Trust from 850. 0p to 770. 0p on Friday, stating the group was "struggling to get down to business".
JP Morgan cuts Rolls-Royce target price on three new concerns
There are three new reasons for investors to cut their holdings in Rolls-Royce, JP Morgan said as it reduced its price target on the engine maker.
Thursday broker round-up
Homeserve: Morgan Stanley downgrades to equal weight with a target price of 1,370. 0p.
RBC Capital Markets hikes target price on Admiral
Analysts at RBC Capital Markets upped their target price on insurer Admiral Group from 2,100. 0p to 2,400. 0p on Thursday following the firm's interim results.
Berenberg raises target price on Polymetal
Analysts at Berenberg raised their target price on precious metals miner Polymetal from 1,840p to 2,200p on Thursday after the group's first-half results came in line with expectations.
Wednesday broker round-up
Inchcape: JP Morgan upgrades to overweight with a target price of 595p.
Barclays downgrades Shell, says performance lags peers
Barclays downgraded Shell to ‘underweight’ from ‘equalweight’ on Wednesday, saying that while the company has the potential to deliver significant fresh cash flow in the long term, it screens as expensive relative to its near-term industrial performance.
Berenberg raises target price on Cranswick
Analysts at Berenberg raised their target price on food manufacturer Cranswick on Wednesday from 3,850. 0p to 4,000. 0p, stating that even further growth was possible following the group's "exceptional period".
RBC slightly less 'cautious' on Travis Perkins, up target price on stock
Analysts at RBC Capital Markets raised their target price on builders' merchant Travis Perkins from 1,000. 0p to 1,250. 0p on Wednesday, stating some improving trends and cost actions had made it slightly less cautious of the stock.
JPMorgan upgrades Inchcape, downgrades Signature Aviation
Shares of car dealership Inchcape got a boost on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’, saying it has been positively surprised by the strength of the company’s cash flow, with carefully controlled working capital pressure.
Goldman Sachs starts WHSmith at ‘buy’
Goldman Sachs initiated coverage of WHSmith at ‘buy’ with a 1,500 price target as it said the stock offers industry-leading returns at a discount.
JP Morgan raises estimates on Ashtead ahead of Q1 results
Analyst at JP Morgan slightly raised their revenue and underlying earnings estimates for equipment rental company Ashtead on Tuesday ahead of the group's first-quarter results in early September.
Tuesday broker round-up
Bunzl: RBC Capital Markets reiterates underperform with a target price of 2,000p.
RBC Capital Markets raises target price on Bunzl
Analysts at RBC Capital Markets hiked their target price on distribution and services group Bunzl from 1,750. 0p to 2,000. 0p on Tuesday.
Liberum stays at 'buy' on Taseko, sees share price doubling in 12 months
Analysts at Liberum reiterated their 'buy' recommendation and 125. 0p target price on shares of Taseko following favourable coverage on the copper miner's shares in the Mail on Sunday, telling clients that they expected the share price to double again over the next 12 months.
Monday broker round-up
Dechra Pharmaceuticals: Liberum initiates at sell with a target price of 2,740p.
Berenberg lowers target price on Premier Oil
Analysts at Berenberg more than halved their target price on exploration and production firm Premier Oil on Monday, stating that some positive refinancing headlines had been offset by a reduction in net asset value.