Broker Recommendations
Morgan Stanley relatively overweight European stocks, but recommends some 'profit taking' in cyclicals
Strategists at Morgan Stanley continue to favour a "relative overweight" of European equities versus other regions even though global stocks more generally were now "more accurately pricing in the positive global macro outlook. ".
Berenberg boosts target for Ceres, sparks share price gains
Berenberg has upped in price target on Ceres Power on growing investor interest in fuel cell technology.
Morgan Stanley upgrades BT to ‘overweight’, says overhangs are easing
Morgan Stanley upgraded its stance on shares of telecoms company BT Group on Monday to ‘overweight’ from ‘equalweight’ and lifted the price target to 200p from 125p as it argued that overhangs are easing.
JP Morgan expects shares will gain alongside bond yields, at least for now
Strategists at JP Morgan reiterated their positive stance on equities, notwithstanding the fact that government bond yields were very likely still headed higher.
Monday broker round-up
Taylor Wimpey: JP Morgan upgrades to overweight with a target price of 220p.
JPMorgan upgrades Taylor Wimpey, downgrades Barratt
JPMorgan Cazenove downgraded Barratt Developments on Monday but upgraded Taylor Wimpey as it took a look at the UK housebuilding sector.
Canaccord Genuity raises target price on Strix
Analysts at Canaccord Genuity stood by their 'buy' rating and raised their target price on kettle safety controls manufacturer Strix Group from 265. 0p to 310. 0p on Monday, stating that growth was "coming to the boil".