Broker Recommendations
Thursday broker round-up
JD Wetherspoons: Peel Hunt downgrades to reduce with a target price of 1,150p.
Friday broker round-up
Reckitt Benckiser: Credit Suisse reiterates outperform with a target price of 7,800p.
Canaccord raises target price on Howden Joinery
Analysts at Canaccord Genuity raised their target price on building supplies retailer Howden Joinery from 710. 0p to 735. 0p on Friday, stating the strength of the group's business model evident in its performance.
JPMorgan downgrades Entain after outperformance
JPMorgan Cazenove downgraded Ladbrokes owner Entain on Friday to ‘neutral’ from ‘overweight’ following a strong share price performance, as it took a look at the online gaming sector.
Berenberg initiates coverage on Jonson Service Group at 'buy'
Analysts at Berenberg initiated coverage on workwear supplier Johnson Service Group at 'buy' on Friday, stating it was a "quality business" with a "clean investment case".
Liberum initiates coverage on Medica at 'buy'
Analysts at Liberum initiated coverage on teleradiology firm Medica on Thursday at 'buy', pointing to faster earnings per share growth, higher earnings quality and underestimated optionality.
Berenberg raises target price on Reckitt Benckiser
Analysts at Berenberg lowered their target price on household and personal care products group Reckitt Benckiser from 9,100. 0p to 8,385. 0p on Thursday but stated the company's turnaround was still "well on track".
Jefferies starts Gamesys, 888 at 'buy'
Jefferies initiated coverage of Gamesys and 888 with a ‘buy’ rating on Wednesday as it took a look at the gaming sector.
JP Morgan launches coverage of ITM Power
JP Morgan Cazenove has initiated coverage of renewable energy specialist ITM Power with an ‘overweight’ rating.
Canaccord raises target price on Netcall
Analysts at Canaccord Genuity raised their target price on software firm Netcall from 74. 0p to 88. 0p on Wednesday, stating it expects more good news to come following the group's "strong" first half.
HSBC upgrades Greencore to 'buy', shares rally
Greencore rallied on Wednesday as HSBC upped its stance on shares of the Irish convenience food maker to ‘buy’ from ‘hold’ and lifted the price target to 170p from 120p as it argued the roadmap out of lockdown underpins a recovery in the food to go business.
Credit Suisse upgrades Tesco, downgrades Sainsbury's
Credit Suisse switched its preference from Sainsbury’s to Tesco on Wednesday as it took a look at the UK food retail sector.
Deutsche Bank downgrades InterContinental Hotels after results
Deutsche Bank downgraded InterContinental Hotels to ‘hold’ from ‘buy’ on Wednesday and cut the price target to 5,380p from 5,600p following the company’s full-year results a day earlier.
BofA adds IAG to Europe 1 list on prospects for recovery in travel
Analysts at Bank of America added stock in IAG to their Europe 1 and Small and Medium Capitalisation best ideas lists on the back of the "successful" vaccine rollouts in the US and UK.
Berenberg raises target price on Future
Analysts at Berenbeg hiked their target price on British media company Future from 2,280. 0p to 2,600. 0p on Tuesday after the firm stated it expects 2021 full-year adjusted underlying earnings to be materially ahead of expectations.
JPMorgan starts Smurfit Kappa at 'overweight'
JPMorgan Cazenove initiated coverage of corrugated packaging company Smurfit Kappa at ‘overweight’ on Tuesday with a 4,147p price target, as it refreshed its views on overweight-rated DS Smith.
Canaccord Genuity issues Air Partner with 'buy' rating
Analysts at Canaccord Genuity slapped Air Partner's shares with a 'buy' rating on Monday after previously having the stock 'under review'.