Broker Recommendations
Wednesday broker round-up
Workspace: RBC Capital Markets upgrades to outperform with a target price of 1,050p.
Canaccord Genuity lowers target price on Lamprell
Analysts at Canaccord Genuity lowered their target price on oil rig construction business Lamprell from 90. 0p to 75. 0p on Wednesday after the firm announced a $120. 0-150. 0m capital raise requirement by the end of the third quarter.
RBC Capital upgrades Workspace to 'outperform'
RBC Capital Markets upgraded Workspace to ‘outperform’ from ‘sector perform’ on Wednesday, hiking the price target to 1,050p from 750p as it said a recovery was not reflected in the shares.
Berenberg downgrades Cairn Energy to 'hold', cites 'continued uncertainty' around award payment
Analysts at Berenberg downgraded exploration and production firm Cairn Energy from 'buy' to 'hold' on Wednesday, stating more clarity on the award payment related to its arbitration with the Indian tax authorities was needed.
Shop prices fall but increases likely as costs rise - BRC
Shop prices fell in June but inflationary pressures may force retailers to pass higher costs on to consumers soon, the British Retail Consortium warned.
Barclays rates IG 'overweight', says derating 'harsh'
IG Group's derating is "harsh", Barclays said as the bank reinstated coverage of the spread betting and derivatives platform.
Tuesday broker round-up
South32: Deutsche Bank downgrades to hold with a target price of 180p.
Berenberg nudges up target price on Hummingbird Resources following Dugbe study
Analysts at Berenberg nudged up their target price on gold producer Hummingbird Resources from 23. 0p to 24. 0p on Tuesday after the group released the results of a preliminary economic assessment on its Dugbe project in Liberia.
Liberum lowers target price on National Express, remains confident of sector recovery
Analysts at Liberum lowered their target price on public transport operator National Express from 385. 0p to 340. 0p on Tuesday but said it remained confident of the sector's recovery.
Peel Hunt starts coverage of Clarkson at 'buy'
Peel Hunt initiated coverage of shipping services company Clarkson on Tuesday at ‘buy’ with a 4,000p price target.
Barclays stays 'overweight' Harbour Energy, notes 'significant leverage' to commodity prices
Analysts at Barclays stood by their 'overweight' recommendation for shares of Harbour Energy, highlighting to clients the outfit's "significant leverage" to near-term commodity prices.
JP Morgan expects 'steeper' yields curve in 2H, points to Fed 'policy mistake'
Strategists at JP Morgan told investors to "fade" the bounce in Defensive issues seen over the past two to four months, telling them that it was too soon to begin positioning for 'late cycle dynamics'.
HSBC downgrades M and G and St.James's Place after sharp share price gains
Analysts at HSBC downgraded their recommendation for shares of M&G and St. James's Place from 'buy' to 'hold'.
HSBC upgrades Aveva ahead of Capital Markets Day
Analysts at HSBC upgraded their recommendation for shares Aveva ahead of the software maker's 1 July Capital Markets Day, its new chief executive officer's first.
Credit Suisse upgrades WPP
Credit Suisse upgraded WPP to ‘neutral’ from ‘underperform’ on Friday and lifted the price target to 1,060p from 835p as it argued that a record advertising recovery is overriding structural concerns.
Berenberg significantly hikes target price on Greggs
Analysts at Berenberg raised their target price on bakery chain Greggs from 2,100. 0p to 2,950. 0p on Friday, stating the group was now "delivering the goods".
Canaccord Genuity nudges up target price on Berkeley Group
Analysts at Canaccord Genuity nudged up their target price on homebuilder Berkeley Group from 5,230. 0p to 5,240. 0p on Thursday, stating the group was "well positioned with confidence returning".