Broker Recommendations
Goldman Sachs adds Vodafone to 'Conviction List'
Goldman Sachs added buy-rated Vodafone to its ‘Conviction List’ on Tuesday, with its thesis predicated on the company’s "superior structural growth, compounded by best-in-class digital efficiencies, driving sector-leading free cash flow and returns improvement".
JPMorgan starts coverage of Deliveroo at 'neutral'
JPMorgan Cazenove initiated coverage of Deliveroo on Tuesday with a ‘neutral’ rating and 285p price target, saying that while the stock’s valuation is attractive versus peers, the risk/reward is balanced at this level and it prefers overweight-rated Delivery Hero.
Credit Suisse hails IAG target for operating margins, keeps at 'outperform'
Analysts at Credit Suisse reiterated their 'outperform' recommendation and 228. 0 target price on shares of IAG, hailing management's target of returning to an operating margin of 10-15%.
Berenberg raises target price on Midwich
Analysts at Berenberg raised their target price on audiovisual distributor Midwich Group from 590. 0p to 620. 0p on Monday, stating the firm's recovery had begun.
Stifel downgrades St Modwen, lifts price target after takeover offer
Stifel downgraded its stance on shares of St Modwen to ‘hold’ from ‘buy’ on Monday but lifted the price target to 542p from 450p, bringing it in line with the proposed takeover offer received by the company from US private equity firm Blackstone last week.
JPMorgan upgrades Berkeley, says concerns are 'overplayed'
JPMorgan Cazenove upgraded Berkeley Group on Monday to ‘overweight’ from ‘neutral’ and lifted the price target to 5,400p from 5,100p as it argued that concerns are "overplayed".
Peel Hunt downgrades RSA Insurance as takeover nears completion
Peel Hunt downgraded RSA Insurance on Friday to ‘hold’ from ‘buy’ but lifted the price target to 685p, which is the price it has agreed to be bought at by Intact Financial Corporation and Danish insurer Tryg.
Jefferies starts Hill & Smith at ‘buy’
Jefferies initiated coverage of Hill & Smith on Friday with a ‘buy’ recommendation and 1,750p price target, saying the company has "all the ingredients to re-rate".
Canaccord Genuity nudges up target price on Barratt Developments
Analysts at Canaccord Genuity nudged up their target price on homebuilder Barratt Developments from 825. 0p to 835. 0p on Friday following yesterday's trading update.
Liberum downgrades John Laing but lifts target price on KKR talks
Liberum downgraded its recommendation on shares of John Laing to ‘hold’ from ‘buy’ after the infrastructure investor confirmed it was in talks with private equity firm KKR about a possible takeover.
Citi starts coverage of Wickes at 'buy'
Citi has initiated coverage on shares of Wickes with a ‘buy’ rating after its demerger from Travis Perkins.
Thursday broker round-up
National Grid: Berenberg upgrades to buy with a target price of 1,100p.
Credit Suisse favours National Grid, Diageo, BT, Vodafone
Credit Suisse recommended adding to National Grid, Diageo, BT and Vodafone in a move towards "cyclical" defensive shares.
Berenberg raises target price on Flutter Entertainment
Analysts at Berenberg hiked their target price on gaming outfit Flutter Entertainment from 14,300. 0p to 14,700. 0p on Thursday, stating that first-quarter revenue trends were "encouraging".
Pearson rallies on Exane upgrade to 'outperform'
Pearson rallied on Thursday as Exane BNP Paribas upgraded its stance on shares of the education publisher to ‘outperform’ and hiked the price target to 950p from 700p.
Peel Hunt upgrades ConvaTec to 'buy'
Peel Hunt upgraded its stance on shares of medical device company ConvaTec on Thursday to ‘buy’ from ‘add’ and lifted the price target to 285p from 240p.
Numis upgrades HSBC to 'buy', says 'short squeeze' possible
Analysts at Numis have upgraded their view on shares of HSBC following the lender's first quarter results.