Broker Recommendations
JP Morgan initiates Alphawave with 'overweight' rating
JP Morgan initiated coverage of Alphawave IP with an 'overweight' rating based on expectations that earnings will double each year over three years.
HSBC downgrades BP to 'hold' from 'buy'
HSBC downgraded shares of oil giant BP to ‘hold’ from ‘buy’ on Thursday and cut the price target to 360p from 365p.
Berenberg cautious of 'too many unknowns' for Cineworld
Analysts at Berenberg raised their target price on theatre operator Cineworld from 70. 0p to 85. 0p on Thursday but warned that "too many unknowns" remained for it to make any changes to its 'hold' rating.
Deutsche upgrades GSK after strategy day
Deutsche Bank upgraded GlaxoSmithKline to 'hold' and raised its target price on the drugmaker's shares after it set out strategic targets.
Numis upgrades Moonpig forecasts
Numis has upped its earnings forecasts for Moonpig, arguing that the online card retailer is well-placed to benefit from a shift in shopping habits.
Berenberg initiates coverage on VP at 'buy'
Analysts at Berenberg initiated coverage on specialist equipment rental group VP at 'buy' on Wednesday, citing a "mispriced high-quality recovery story".
HSBC downgrades Burberry after solid run
HSBC downgraded Burberry to ‘hold’ from ‘buy’ on Wednesday and cut the target price to 2,350p from 2,400p, saying it’s time to take a breather after a solid run.
Deutsche Bank ups Travis Perkins to ‘buy’, highlights strong trading
Deutsche Bank upgraded its recommendation on shares of builders’ merchant Travis Perkins to ‘buy’ from ‘hold’ on Wednesday, lifting the price target to 2,056p from 1,707p as it noted that trading remains strong.
Citi prefers Ryanair, Wizz Air and IAG among European airlines
Citi recommends investors tread more carefully in the European airlines sector given the changed landscape in the wake of the pandemic.
JP Morgan names Shell 'top pick' in EU oil, expects 'stellar' cash flows
Analysts at JP Morgan named Royal Dutch Shell their 'top pick' in the European Union Oil space, in anticipation of "standout" free cash flow generation on the back of stronger macro conditions and catch-up in lagged pricing for liquid natural gas.
Deutsche Bank upgrades SSE to 'buy', moves Pennon and United Utilities to 'hold'
Analysts at Deutsche Bank took a fresh look at the European utilities sector on Tuesday, downgrading Pennon and United Utilities from 'buy' to 'hold' and upgrading SSE from 'hold' to 'buy' as a result.
Tuesday broker round-up
United Utilities: Deutsche Bank downgrades to hold with a target price of 1,050p.
JP Morgan ups British Land and Landsec to 'overweight'
JP Morgan upgraded British Land and Land Securities to 'overweight', supported by a prediction that retail property values were recovering.
JP Morgan still 'very bullish' on earnings outlook
Equity strategists at JP Morgan stood by their forecasts for exceedingly fast growth in European companies' earnings per share, adding that the recent flattening seen in the government bond curves might end up being "materially premature".
Citi stays at 'buy' on hydrogen shares, sees significant upside
Citi stayed at a 'buy' on European names in the hydrogen space, telling clients that their shares had found a "base" following recent price drops.
UBS downgrades Rio Tinto, says iron ore near inflection point
UBS downgrades shares of miner Rio Tinto to ‘sell’ from ‘neutral’ on Monday as it argued that iron ore is approaching an inflection point.
Deutsche Bank upgrades St James's Place to 'buy'
Deutsche Bank has upgraded its rating on St James’s Place to ‘buy’, arguing that there is now better visibility surrounding the firm's long-term financial targets.
Jefferies downgrades SSE to 'hold' over balance sheet concerns
Analysts at Jefferies downgraded Scottish energy company SSE from 'buy' to 'hold' on Monday, stating that an expected increase to capex could possibly leave the group's balance sheet somewhat stretched.