Broker Recommendations
Citi upgrades LondonMetric to 'buy'
Citi upgraded LondonMetric to ‘buy’ from ‘neutral’ on Friday, saying it remains confident of structural tailwinds for logistics, estimating a doubling of space requirement over around 10 years.
JTC slumps as ShoreCap says it's time to take some profit
Fund management services provider JTC slumped on Friday after Shore Capital downgraded the stock to ‘sell’ from ‘hold’, saying it was time to take some profits after recent share price strength.
Berenberg lifts Rolls-Royce price target on US travel boost
Berenberg lifted its price target on engine maker Rolls-Royce to 160p from 150p on Thursday as it said the decision by the US this week to open its borders to vaccinated individuals is a positive step towards a more robust recovery in long-haul travel, which has lagged domestic travel markets.
BofA Merrill Lynch downgrades BHP to ‘neutral’
Bank of America Merrill Lynch downgraded BHP to ‘neutral’ from ‘buy’ on Wednesday and slashed the price target to 1,900p from 2,900p as it said earnings downgrades are coming.
Barclays initiates coverage of 11 luxury stocks after de-rating
Barclays initiated coverage on Wednesday of 11 stocks in the European luxury goods sector.
Berenberg raises target price on Craneware following 'positive' FY results
Analysts at Berenberg hiked their target price on software outfit Craneware from 2,420. 0p to 2,750. 0p on Tuesday following the group's "positive" full-year results.
UBS initiates Softcat at ‘sell’, upgrades Computacenter to ‘buy’
UBS initiated coverage of Softcat with a ‘sell’ rating and 1,860p price target on Tuesday and upgraded Computacenter to ‘buy’ from ‘neutral’, hiking the price target to 3,290p from 2,520p.
Barclays starts Brewin Dolphin, Rathbones at 'overweight'
Barclays initiated coverage of UK wealth managers Brewin Dolphin and Rathbone Brothers on Tuesday as it took a positive stance on the sector.
Barclays downgrades Anglo American to 'equal weight'
Analysts at Barclays downgraded multinational mining company Anglo American to 'equal weight' and lowered their target price on its shares from 3,600. 0p to 2,700. 0p on Monday, stating there appeared to be "turbulence ahead" for the group.
Canaccord Genuity raises target price on Duke Royalty
Analysts at Canaccord Genuity raised their target price on finance company Duke Royalty from 45. 0p to 52. 0p on Thursday following the firm's "resilient" full-year trading performance.
Deutsche Bank downgrades Britvic to 'hold'
Deutsche Bank downgraded Britvic to ‘hold’ from ‘buy’ on Thursday as it said there is now insufficient upside to the shares to maintain a ’buy’ stance.
Drax surges as Barclays hikes price target by 75%
Drax shares powered ahead on Thursday after Barclays hiked its price target by 75% to 960p, implying 120% upside potential.
JP Morgan stays 'overweight' on Reckitt Benckiser, spies near-term catalysts
Analysts at JP Morgan reiterated their 'overweight' recommendation for shares of Reckitt Benckiser ahead of the consumer goods giant's Investor Day on 23 September.
Liberum reinitiates coverage of Rightmove at ‘buy’
Liberum reinitiated coverage of Rightmove on Wednesday with a ‘buy’ rating, up from ‘hold’ previously, and a price target of 820p, up from 535p.
Canaccord Genuity raises target price on Equals Group
Analysts at Canaccord Genuity hiked their target price on diversified financials outfit Equals Group from 57. 0p to 98. 0p on Tuesday following the firm's recently published interim results.
Berenberg downgrades ITM Power to 'sell' as risks materialise
Analysts at Berenberg downgraded their recommendation and cut their target price for shares of ITM Power following the 'green' hydrogen specialist's full-year results.
Barclays downgrades European miners to 'neutral' on China steel output cuts
Analysts at Barclays downgraded their stance for European miners to 'neutral' given China's "rapid" steel production cuts and the likelihood that they might extend into 2022 and beyond in order to limit industry emissions.
Liberum ups profit forecasts for Sthree
Liberum has upped both its forecasts and price target for SThree after the specialist recruiter posted a strong set of third-quarter numbers.
RBC lowers target price on CMC Markets
Analysts at RBC Capital Markets lowered their target price on financial services firm CMC Markets from 560. 0p to 410. 0p on Monday after the group's "more cautious" net operating income guidance for FY22.
Credit Suisse cuts IAG price target to reflect rights issue risk
Credit Suisse cut its price target on shares of British Airways and Iberia parent IAG on Friday to 195p from 256p to reflect the increasing risk of a rights issue.