Broker Recommendations
Berenberg nudges up target price on Supreme
Analysts at Berenberg slightly raised their target price on wholesale distributor Supreme from 220. 0p to 230. 0p on Friday after the firm struck its first deal since its initial public offering earlier in the year.
RBC Capital lifts Auto Trader price target after 'strong' results
RBC Capital Markets lifted its price target on shares of Auto Trader on Friday to 610p from 560p following the company’s "strong" set of results a day earlier.
Deutsche Bank downgrades Ashtead to 'hold'
Deutsche Bank downgraded its stance on shares of equipment rental firm Ashtead to ‘hold’ from ‘buy’ but lifted the price target to 5,108p from 4,750p as it argued the valuation is outstripping returns.
Citi ups National Grid price target
Citi increased its share price target for National Grid based on the company's shift towards electrification.
Numis ups Paragon estimates after strong first half
Numis has upped its earnings estimates for Paragon Bank after a strong set of results from the specialist buy-to-let lender.
Berenberg raises target price on DiscoverIE
Analysts at Berenberg raised their target price on components designer and manufacturer DiscoverIE from 850. 0p to 930. 0p on Wednesday, stating the group's full-year results were evidence that its business model was as equally effective in a downturn as it was in an upcycle.
Credit Suisse highlights 'underappreciated growth drivers' at Smith & Nephew
Credit Suisse upgraded shares of artificial hip and knee maker Smith & Nephew on Wednesday to ‘outperform’ from ‘neutral’, lifting the price target to 1,805p from 1,560p as it pointed to "underappreciated growth drivers".
RBC lowers target for 'jam tomorrow' IWG
Analysts at RBC trimmed their target price for shares of IWG following a profit warning from the serviced offices provider the day before due to the lower occupancy rebound.
Berenberg raises target price on B&M following FY results
Analysts at Berenberg raised their target price on discount retailer B&M Bargains from 600. 0p to 625. 0p on Tuesday after having delivered full-year results ahead of expectations, driven by a surge of demand in the last few weeks of the quarter.
Goldman cuts Lufthansa to 'sell', upgrades easyJet
Goldman Sachs has overhauled its European airline coverage, upgrading easyJet to ‘buy’ but downgrading British Airways owner International Airlines Group and Lufthansa.
RBC Capital initiates coverage of Pets at Home, Halfords
RBC Capital Markets initiated coverage of Pets at Home and Halfords on Tuesday, arguing that the former has a fairly full valuation, while the latter is "shifting up a gear".
Jefferies lowers Sainsbury's to 'hold', remains 'upbeat' on UK food retailers
Analysts at Jefferies downgraded supermarket giant Sainsbury's from 'buy' to 'hold' on Monday, stating that while they remained "upbeat" on UK grocers, there appeared to be better value elsewhere.
Liberum upgrades Taylor Wimpey to 'buy', upbeat on sector
Liberum struck an upbeat note on the UK housebuilding sector on Monday, upgrading its stance on shares of Taylor Wimpey as it said recent updates confirmed trading has strengthened in April/May and house price inflation has spread to the new build sector.
Citi raises target price on Segro
Analysts at Citi raised their target price on real estate investment trust Segro from 1,090. 0p to 1,342. 0p on Friday, citing multiple long-term opportunities.
Berenberg raises target price on Johnson Matthey
Analysts at Berenberg raised their target price on diversified chemicals group Johnson Matthey from 3,700. 0p to 3,800. 0p on Friday, stating the group was in the throes of a "metamorphosis".
Canaccord Genuity raises target price on Charles Stanley
Analysts at Canaccord Genuity raised their target price on investment management firm Charles Stanley from 352. 0p to 406. 0p on Thursday following the group's full-year results.
Thursday broker round-up
Experian: RBC Capital Markets downgrades to underperform with a target price of 2,400p.