Broker Recommendations
Peel Hunt cuts earnings forecasts for IHG as 'tough winter' nears
Peel Hunt has cut both earnings forecasts and its rating on InterContinental Hotels Group, as the Covid-19 pandemic continues to undermine the international hospitality sector.
Canaccord Genuity nudges up price target on Ashmore
Analyst at Canaccord Genuity slightly raised their target price on investment management firm Ashmore Group from 243. 0p to 430. 0p on Monday after the company's recent trading update indicated a "continued slowdown" of net outflows.
IWG risk-reward 'too attractive to miss', says Berenberg
Berenberg upgraded its stance on shares of workspace provider IWG to ‘buy’ from ‘hold’ on Monday, lifting the price target to 350p from 260p as it said the risk/reward investment case is now skewed materially to the upside.
Deutsche Bank initiates coverage of Trainline at 'buy'
Deutsche Bank initiated coverage of Trainline on Monday with a ‘buy’ rating and 414p price target.
RBC Capital upgrades Dixons Carphone, JD Sports
RBC Capital Markets upgraded its rating on JD Sports and Dixons Carphone on Friday.
Berenberg upgrades Whitbread to 'buy'
Analysts at Berenberg upgraded their rating on hotel operator Whitbread from 'hold' to 'buy' on Friday, stating the current price of the stock left the group undervalued given its real estate portfolio.
Barclays downgrades Pearson to 'underweight'
Barclays downgraded its stance on education publisher Pearson to ‘underweight’ from ‘equalweight’ on Thursday, cutting the price target to 520p from 570p as it pointed to multiple risks to 2021 forecasts.
Liberum slashes easyJet price target
Broker Liberum cut its price target on hold-rated easyJet to 500p from 600p on Thursday as it said the short-term outlook is toughening, with tightening Covid-19 restrictions.
Deutsche Bank lifts Bunzl price target after Q3 update
Deutsche Bank upped its price target on shares of distribution and services group Bunzl to 2,971p from 2,175p on Thursday following the company’s third-quarter update a day earlier.
JPM downgrades Diploma after 'surprisingly strong' reaction to Windy City deal
JPMorgan Cazenove downgraded Diploma to ‘neutral from ‘overweight’ on Wednesday following "a surprisingly strong" share price reaction to the Windy City Wires acquisition.
HSBC upgrades Stagecoach, Go-Ahead; downgrades Firstgroup
HSBC downgraded its stance on FirstGroup on Wednesday, but lifted its ratings on Go-Ahead and Stagecoach as it took a look at UK bus and rail operators.
JPMorgan slashes target price on Hammerson
Analysts at JPMorgan slashed their target price on real estate investment trust Hammerson from 185. 0p to 30. 0p on Wednesday, stating the group appeared to be "two to three years away" from pursuing its value-enhancing strategy.
Animal spirits lead Citi to raise target for Pets at Home
Analysts at Citi bumped up their profit estimates and target price for shares of Pets at Home Group, highlighting both its "strong" market share and structural market growth which might pave the way for the generation of excess capital.
Credit Suisse lifts Experian price target
Credit Suisse upped its price target on credit-checking firm Experian to 3,600p from 3,450p on Monday as it lifted its earnings per share estimates by 2-4% for FY22-23 to reflect strong growth in Brazilian and North American B2C.
Berenberg hikes target price on XP Power
Analysts at Berenberg hiked their target price on power supply manufacturer XP Power from 4,980. 0p to 5,230. 0p on Tuesday, stating its upgrade cycle was continuing.
Canaccord Genuity lowers target price on Stagecoach
Analysts at Canaccord Genuity cut their target price on public transport operator Stagecoach from 85. 0p to 62. 0p on Monday as they made downgrades to assumptions for the firm's regional bus unit.
Goldman bullish on oil and natural gas prices even if Democrats take White House
Goldman Sachs remains 'bullish' on the outlook for oil and natural gas prices, even in the event of a victory for Democratic party candidate Joe Biden at the next US Presidential election on 3 November.
Sanne rallies on RBC Capital markets upgrade
RBC Capital Markets upgraded alternative asset services firm Sanne to ‘outperform’ from ‘sector perform’ on Monday, lifting the price target to 730p from 600p.
Berenberg hikes target price on Electrocomponents
Analysts at Berenberg hiked their target price on industrial and electronics products distributor Electrocomponents from 575. 0p to 815. 0p on Monday, highlighting the acceleration of some pre-existing trends.
Citi sees contrarian 'opportunity' in UK banks
Analysts at Citi reiterated their 'buy' stance on several of the UK's largest lenders, citing the likely resumption of dividend payments from February 2021 onwards among some of the positives for the group.