Broker Recommendations
Credit Suisse initiates coverage of Howden Joinery at ‘outperform’
Credit Suisse initiated coverage of Howden Joinery at ‘outperform’ on Monday, with a 900p target price, as it said the group should benefit from an increasingly positive kitchen market in the near term.
Morgan Stanley upgrades Ocado after selloff
Morgan Stanley upgraded its recommendation on shares of online supermarket Ocado on Monday to ‘overweight’ from ‘equalweight’ following a selloff.
Berenberg says concerns regarding Blue Prism 'keep compounding'
Analysts at Berenberg reiterated their 'hold' rating on software firm Blue Prism on Friday but cautioned that concerns around the stock just kept compounding.
HSBC upgrades European low-cost carriers
HSBC upgraded its stance on low-cost carriers easyJet, Wizz Air and Ryanair on Friday, saying it is now more optimistic about the reopening of travel across Europe than it has been this year.
JPMorgan upgrades HSBC to 'neutral', raises target price on Standard Chartered
Analysts at JPMorgan upgraded banking giant HSBC from underweight to 'neutral' on Friday despite it having "notably underperformed" the European Banks sector over the past year.
Liberum upgrades Boohoo to ‘buy’
Liberum upgraded shares of fast fashion retailer Boohoo to ‘buy’ from ‘hold’ on Friday as it argued that the valuation deserves to recover.
Canaccord upgrades Idox to 'buy'
Analysts at Canaccord Genuity upgraded software firm Idox from 'hold' to 'buy' on Thursday due to "significant news flow" coming from the group over the last two months.
Halma slumps as Berenberg says valuation ‘remains a hurdle’
Shares in safety equipment specialist Halma slumped on Thursday after Berenberg said the stock’s valuation "remains a hurdle".
Liberum upgrades Pets at Home to 'buy' after results
Liberum upgraded Pets at Home to ‘buy’ from ‘hold’ on Thursday, lifting the price target to 510p from 460p, driven by the broker’s new, higher forecasts following the company’s preliminary results.
Credit Suisse stays at 'underperform' on Admiral Group, points to inflation and regulations
Analysts at Credit Suisse reiterated their 'underperform' recommendation on shares of Admiral Group in anticipation of slower growth, new regulations and accelerating inflation.
Barclays starts Endeavour Mining at ‘overweight’
Barclays initiated coverage of gold producer Endeavour Mining at ‘overweight’ on Wednesday with a 2,350p price target.
Berenberg names Rolls Royce 'top pick', operating margins set to grow substantially
Analysts at Berenberg selected Airbus and Rolls Royce as their 'key picks' within civilian aerospace, arguing that the deep restructuring such companies had withstood would drive bigger operating margins within three to five years in comparison to pre-pandemic levels.
Tuesday broker round-up
Page Group: Morgan Stanley downgrades to underweight with a target price of 545p.
RBC initiates coverage of ITM Power
RBC Capital Markets has initiated coverage of hydrogen electrolyser manufacturer ITM Power with a target price of 310p.
RBC Capital downgrades Anglo American, cites growing headwinds
RBC Capital Markets downgraded its recommendation on shares of miner Anglo American to ‘sector perform’ from ‘outperform’ on Tuesday, slashing the price target to 3,400p from 4,100p as it pointed to rising headwinds.
RBC Capital downgrades Sanne, lifts price target after Cinven offer
RBC Capital Markets downgraded shares of asset management services provider Sanne to ‘sector perform’ from ‘outperform’ on Monday, but lifted the price target to 925p from 750p following the latest 875p-a-share takeover approach from Cinven.
Liberum ups forecasts, target price on Robert Walters
Liberum has upped its profits forecasts for Robert Walters and reiterated its ‘buy’ rating’ following a unexpectedly strong trading update.