Broker Recommendations
Jefferies upgrades Tullow, EnQuest to 'buy'
Jefferies upgraded Tullow Oil and EnQuest on Friday as it took a look at the oil and gas exploration and production sector, emphasising Serica Energy, Harbour Energy and Kosmos Energy as its preferred ‘buy’ stocks in the sector.
Berenberg raises target price on Hotel Chocolat
Analysts at Berenberg raised their target price on food manufacturer Hotel Chocolat Group from 390. 0p to 430. 0p on Friday, citing "significant retail growth".
Peel Hunt upgrades M&S to 'add'
Peel Hunt upgraded Marks & Spencer to ‘add’ from ‘hold’ on Friday and lifted the price target to 190p from 150p following the retailer’s capital markets day.
Barclays lists Lloyds among its preferred names
Analysts at Barclays believe that UK banks are among those poised to outperform, alongside lenders in France, Netherlands, Austria and the Nordics, with Lloyds being one of their preferred names in the space thanks to its high profitability.
RBC Capital Markets raises target price on CVS Group
Analysts at RBC Capital Markets has raised their target price on veterinary services provider CVS Group from 2,750. 0p to 3,100. 0p.
Berenberg nudges up target price on Impax Asset Management
Analysts at Berenberg raised their target price on asset manager Impax Asset Management from 1,360. 0p to 1,400. 0p, stating the firm had grown through "the slow summer".
BoA raises short-term UK CPI forecasts
Economists at Bank of America bumped up their consumer price forecasts for the UK on the back of the recent jump in energy quotes although they still assumed that inflation would dip below Bank's 2. 0% target in April 2023 temporarily.
ShoreCap stays at buy on Tesco, eyes possible multiple expansion
Shore Capital's Clive Black reiterated his 'buy' stance for shares of Tesco, telling clients that the business was performing well and that he anticipated ongoing share buybacks or special dividends "reflective of the prevailing share price multiples".
Davy starts Moonpig at 'neutral', says valuation full
Moonpig was under the cosh on Wednesday as Davy initiated coverage on shares of the online greeting card retailer at ‘neutral’, with a 345p price target.
Canaccord Genuity raises target price on Netcall
Analysts at Canaccord Genuity raised their target price on software firm Netcall from 100. 0p to 110. 0p on Wednesday, following the group's full-year earnings.
RBC Capital downgrades Close Brothers on full valuation
RBC Capital Markets downgraded Close Brothers to ‘sector perform’ from ‘outperform’ on Wednesday, cutting the price target to 1,700p from 1,800p as it said the valuation looks relatively full.
Credit Suisse cuts forecasts for Moneysupermarket.com
Credit Suisse has downgraded earning forecasts for Moneysupermarket. com after soaring wholesale gas prices brought the switching market to a temporary halt.
Berenberg raises target price on the Gym Group
Analyst at Berenberg raised their target price on gym operator the Gym Group from 230. 0p to 290. 0p on Tuesday, stating "encouraging momentum" was now emerging.
Berenberg lowers target price on Sabre
Analysts at Berenberg lowered their target price on insurance provider Sabre from 224. 0p to 199. 0p, stating that when "things do not add up" it's time to 'sell'.
RBC expects 'robust' SSE cashflows on the back of higher power prices
Analysts at RBC hiked their target price for shares of SSE on the back of higher commodity prices.
Jefferies takes a fresh look at AO World following 'unscheduled and disappointing' update
Analysts at Jefferies reiterated their 400. 0p target price on shares of AO World on Friday despite stating the firm was just another in a long line of retailers to face "challenging" 2020 comparatives.
Berenberg lowers target price on Smith & Nephew
Analyst at Berenberg cut their target price on medical equipment manufacturer Smith & Nephew from £20. 20 to £18. 80 on Friday, stating the firm was now facing a "bumpier road" to the "same destination".
Pearson selloff creates 'interesting valuation opportunity', says Citi
Citi said on Friday that the overall risk/reward on education publisher Pearson "tilts positively".