Broker Recommendations
Monday broker round-up
Bodycote: JP Morgan downgrades to underweight with a target price of 635p.
Berenberg hikes target price on Victoria following 'resilient' H1 performance
Analysts at Berenberg hiked their target price on construction outfit Victoria from 330. 0p to 770. 0p on Monday, citing the group's "resilient" first-half performance and its plans for future mergers and acquisitions.
UK shares to lag eurozone in 2021, JPMorgan says
UK shares will recover in 2021 but will not outperform the eurozone or global equities as value investing reaps rewards, JP Morgan said.
Citi cautiously optimistic on HK lenders, prefers StanChart and HSBC
Analysts at Citi sounded a cautiously optimistic note on the outlook for the main Hong Kong banking groups - and for StanChart and HSBC in particular - on the back of the improving macroeconomic backdrop.
JPMorgan downgrades Bodycote, cites near-term pressures
JPMorgan Cazenove downgraded heat treatments supplier Bodycote on Monday to ‘underweight’ from ‘neutral’ and cut the price target 635p from 670p as it argued that near-term pressures will weigh on the stock.
Pullback in Dunelm shares provides buying opportunity, says RBC Capital
Homeware retailer Dunelm rallied on Monday after RBC Capital Markets upgraded its stance on the shares to ‘outperform’ from ‘sector perform’, saying the recent pullback provides a buying opportunity.