Broker Recommendations
Peel Hunt starts Just Group at 'buy'
Broker Peel Hunt initiated coverage of Just Group on Monday with a ‘buy’ rating and 120p price target.
Friday broker round-up
Burberry: Goldman Sachs upgrades to neutral with a target price of 1,690p.
Burberry risk/reward now more balanced, says Goldman
Goldman Sachs upgraded its stance on luxury brand Burberry to ‘neutral’ from ‘sell’ and lifted the price target to 1,690p from 1,595p as it said the risk/reward is now more balanced.
Liberum upgrades Barratt Developments to 'buy'
Analysts at Liberum upgraded Barratt Developments from 'hold' to 'buy' and raised their target price on the homebuilder to 735. 0p from 690. 0p on the back of the group's better-than-expected first-half earnings.
Berenberg initiates Anglo American with 'buy' rating
Berenberg advised investors to ‘buy’ Anglo American as the broker published an upbeat view of the sector’s long-term prospects and potential to pay dividends.
Barclays downgrades Johnson Matthey to 'underweight'
Barclays downgraded specialty chemicals company Johnson Matthey to ‘underweight’ from ‘equalweight’ and cut the price target to 2,570p from 2,640p.
Deutsche Bank cuts GlaxoSmithKline to 'sell', says valuation alone is not enough
Analysts at Deutsche Bank downgraded their recommendation for shares of GlaxoSmithKline to "sell" following the UK drug giant's latest quarterly update.
Berenberg cuts target price on Hummingbird Resources
Analysts at Berenberg slashed their target price on Hummingbird Resources from 62. 0p to 39. 0p on Thursday following the group's fourth-quarter production miss.
Deutsche Bank raises target price on Polypipe
Analysts at Deutsche Bank raised their target price on Polypipe from 561. 0p to 602. 0p on Wednesday after the group raised 2020 underlying earnings guidance once again.
Wednesday broker round-up
Unite Group: Barclays downgrades to underweight with a target price of 850p.
Redrow interims to be catalyst for shares, JP Morgan says
Redrow’s first-half results will help the company’s shares narrow the gap with the rest of the UK housebuilders, JP Morgan said.
Barclays expects European equities to 'grind higher', despite near-term risks
Barclays believes European equities will continue to move higher this year, despite the potential for near-term volatility.
Canaccord Genuity downgrades Tullow oil to 'sell'
Analysts at Canaccord Genuity have lowered their target price on exploration and production outfit Tullow Oil from 33. 0p to 20. 0p and dropped their rating on the stock from 'hold' to 'sell'.
Barclays downgrades Unite Group, cuts price target
Barclays has downgraded Unite Group on the back of the student accommodation provider’s ongoing exposure to the Covid-19 pandemic.
Barclays upgrades Persimmon, Taylor Wimpey
Barclays adjusted its ratings on UK housebuilding stocks on Wednesday, lifting its stance on Persimmon and Taylor Wimpey, but downgrading Barratt Developments and Crest Nicholson.
Berenberg upgrades Upper Crust owner SSP, shares rally
Berenberg has upgraded SSP Group to ‘buy’ on "compelling" longer-term growth opportunities, despite the near-term risks.
Tuesday broker round-up
BHP Billiton: Liberum downgrades to sell with a target price of 1,880p.
Barclays reinstates coverage of LSE at 'overweight'
Barclays reinstated coverage of London Stock Exchange on Tuesday with an ‘overweight’ rating and 110p price target following completion of its $27bn acquisition of data analytics firm Refinitiv.
Barclays lifts Tate & Lyle to 'overweight'
Barclays upgraded its stance on shares of Tate & Lyle on Tuesday to ‘overweight’ from ‘equalweight’ and hiked the price target to 875p from 700p, highlighting its increasing resilience.