Broker Recommendations
Berenberg raises target price on Pets at Home following Q1 update
Analysts at Berenberg raised their target price on pet supplies retailer Pets at Home from 540. 0p to 570. 0p on Wednesday following the firm's first-quarter update back in July.
Deutsche Bank initiates coverage of European clothing sector
Deutsche Bank initiated coverage on the European clothing sector on Wednesday, with a preference for "growth companies which have adapted to changing consumer habits".
Jefferies starts Coats at 'buy' thanks to focus on sustainability
Analysts at Jefferies started coverage of Coats at buy telling clients that the company's "attractive" suite of sustainable products should see it further bolster its position as market leader.
Berenberg lifts M&S price target, cites 'strong' reopening recovery
Berenberg lifted its price target on Marks & Spencer to 200p from 195p on Tuesday, as it highlighted a "strong" reopening recovery.
Berenberg says 'buy' energy, highlights Shell
Strategists at Berenberg recommended clients buy energy stocks, pointing to their attractions as 'value' plays, "strong" balance sheets and surplus free cash flow to back up their thesis.
ShoreCap stays at 'buy' on Sainsbury, says report of potential bid interest 'flaky'
Analysts at ShoreCap stood by their buy recommendation for shares of Sainsbury given the improved strategic economic outlook for the industry.
Monday broker round-up
Pearson: JP Morgan upgrades to overweight and raises target price from 840. 0p to 960. 0p.
JPMorgan upgrades Pearson, says shares oversold
JPMorgan Cazenove upgraded its stance on education publisher Pearson to ‘overweight’ from ‘neutral’ on Monday, lifting the price target to 960p from 840p as it argued the shares have oversold.
Credit Suisse downgrades Pennon to ‘underperform’
Credit Suisse downgraded Pennon to ‘underperform’ from ‘neutral’ on Monday as it cited an "extreme" valuation.
Canaccord upgrades International Personal Finance on reduced regulatory risk
Analysts at Canaccord Genuity upgraded their recommendation for stock of International Personal Finance to 'buy', on the back of recent news-flow pointing to a reduced risk that a "financially-damaging" rate cap might be imposed in its largest market, Poland.
Berenberg cuts target for IWG on forecasts for occupancy
Analysts at Berenberg cut their target price for shares of IWG, citing an overoptimistic consensus on the outlook for 2022/23 after downgrading their estimates for the workspace specialist for a fifth time in a row.
Vertu Motors upgrades FY profit guidance, announces share buyback
Automotive retailer Vertu Motors lifted its full-year profit guidance on Friday following a strong performance in the year to date, as it announced a share buyback.
Citi stays at 'buy' on ITM Power after Linde inks deal with Infineon
Analysts at Citi kept their recommendation for shares of ITM Power at 'buy/High Risk' after its joint-venture partner, Linde, inked a deal for the British company's technology with chipmaker Infineon.
Thursday broker round-up
InterContinental Hotels Group: Peel Hunt upgrades from reduce to hold with 4,600. 0p target price.
Peel Hunt upgrades InterContinental Hotels to 'hold'
Analysts at Peel Hunt upgraded their rating on Holiday Inn owner InterContinental Hotels Group from 'reduce' to 'hold' on Thursday after upping their full-year forecasts for the company.
JPMorgan upgrades Weir, cites good entry point
JPMorgan Cazenove upgraded Weir Group to ‘overweight’ from ‘neutral’ on Thursday and lifted the price target 1,970p from 1,800p, citing a good entry point.
Deutsche Bank raises target price on Genuit
Analysts at Deutsche Bank raised their target price on plastic piping manufacturer Genuit from 653. 0p to 708. 0p on Wednesday, citing the group's "strong" first-half performance.