Broker Recommendations
Canaccord ups target price on Howden Joinery following Q1 update
Analysts at Canaccord Genuity hiked their target price on kitchen supplier Howden Joinery from 735. 0p to 775. 0p on Friday, stating the group had "started the year well".
Berenberg raises target price on 'undervalued' Standard Chartered
Berenberg raised its target price on financial services company Standard Chartered from 550. 0p to 630. 0p on Friday, stating the firm was now "catching up" with the rest of the pack.
Thursday broker round-up
Grafton Group: Canaccord downgrades to hold with a target price of 1,235. 0p.
Canaccord Genuity downgrades Grafton to 'hold'
Analysts at Canaccord Genuity downgraded business services firm Grafton from 'buy' to 'hold' on Thursday, stating there was now a "less compelling" risk/reward scenario as a result of the group's share price approaching record highs.
Berenberg raises target price on TT Electronics
Analysts at Berenberg raised their target price on electronic resistors manufacturer TT Electronics from 230. 0p to 285. 0p, stating cash was "king".
Canaccord ups price target on 888
Canaccord Genuity has upped its price target on 888 Holdings after the gaming group reported a strong set of first quarter numbers.
Berenberg raises target price on IMI
Analyst at Berenberg raised their target price on flow control specialist IMI from 995. 0p to 1,485. 0p, stating the group was "quick off the mark".
Berenberg nudges up target price on Ibstock
Analysts at Berenberg slightly nudged up their target price on construction firm Ibstock from 230. 0p to 255. 0p on Tuesday, stating a new-build recovery appeared to already be priced in.
Jefferies reiterates 'hold' rating on HSBC following Q1 results
Jefferies reiterated its ‘hold’ rating on HSBC on Tuesday, following the publication of the lender's forecast-beating first quarter numbers.
Canaccord Genuity raises target price on Tyman
Analysts at Canaccord Genuity raised their target price on construction materials group Tyman from 400. 0p to 450. 0p on Tuesday, citing recent sector and macro news flow that they felt was pointing to "a strong recovery" in demand.
BofA initiates coverage of London Market insurers, Lancashire named 'top pick'
Bank of America has initiated coverage of London Market insurers, naming Lancashire its top pick with a ‘buy’ recommendation.
Spectris share-price rise is unjustified, Shore Capital says
The rise in Spectris's shares is not justified, Shore Capital said as the broker reiterated its 'sell' rating for the maker of precision measurement instruments.
Berenberg reiterates 'sell' rating on Domino's
Analysts at Berenberg reiterated their 'sell' rating on fast-food chain Domino's Pizza on Friday, stating that its concerns regarding the stock remained unabated following the group's full-year results and first-quarter update.
BofA hikes target on Centamin citing balance sheet 'strength'
Analysts at Bank of America raised their target price for shares of Centamin, highlighting to clients the group's multiple strengths.
Berenberg raises target price on Vitec
Analysts at Berenberg raised their target price on camera supports manufacturer Vitec Group from 990. 0p to 1,180. 0p on Thursday, stating there was now "a brighter picture" for the group.