Broker Recommendations
Berenberg slightly raises target price on Sainsbury's following Q3 results
Analysts at Berenberg slightly raised their target price on grocery giant J Sainsbury from 275. 0p to 285. 0p on Monday following the group's third-quarter results.
Jefferies considers cladding issues, downgrades three UK housebuilders
Jefferies downgraded its recommendation on three UK housebuilders on Monday as it assessed the impact of cladding issues.
Berenberg upgrades Rentokil to 'buy' on proposed Terminix deal
Analysts at Berenberg hiked their target price on pest exterminator Rentokil Initial from 510. 0p to 640. 0p and upgraded their stance on the stock from 'hold' to 'buy' on Friday following the firm's proposed acquisition of US firm Terminix.
Citi upgrades Rentokil on Terminix deal
Citi upgraded Rentokil Initial to ‘buy’ from ‘neutral’ on Thursday, arguing that the proposed acquisition of US rival Terminix could propel the company into the number 1 slot in US pest control.
Berenberg lowers target price on Liontrust Asset Management
Analysts at Berenberg lowered their target price on asset manager Liontrust from 1,965. 0p to 1,850. 0p on Thursday after the group revealed increased market volatility at the start of 2022 had caused assets under management and advice to fall to roughly £36. 0bn.
JPMorgan upgrades Ryanair, downgrades IAG
JPMorgan Cazenove upgraded Ryanair but downgraded IAG on Thursday as it took a look at the European airline sector.
SocGen upgrades Unilever to 'buy'
Societe Generale upgraded Unilever on Wednesday to ‘buy’ from ‘sell’ and lifted the price target, citing the company’s new strategy and a projected 12-month total shareholder return of 20. 5%.
Berenberg raises target price on Rio Tinto
Analysts at Berenberg hiked their target price on mining giant Rio Tinto from 5,500. 0p to 5,700. 0p on Wednesday after the firm's fourth-quarter production efforts were broadly in line with their estimates.
Liberum ups Ryanair to 'buy', cites attractive entry level
Liberum upped Ryanair to ‘buy’ from ‘hold’ on Wednesday and lifted the price target to €19 from €17 as it took a look at the European airline sector.
JPMorgan upgrades Segro after underperformance
JPMorgan Cazenove upgraded Segro to ‘overweight’ from ‘neutral’ on Wednesday and lifted the price target to 1,450p from 1,310p as it argued that recent underperformance was a buying opportunity.
Berenberg on raises target price on St James's Place
Analysts at Berenberg raised their target price on wealth manager St James's Place from 1,348. 0p to 1,900. 0p on Tuesday despite the firm having already outperformed the UK FTSE-350 financials index by 50% since the Covid-19-induced trough in 2020.
Jefferies upgrades Fever Tree to 'buy' on US opportunity
Analysts at Jefferies hiked their target price for shares of Fever-Tree and upgraded their recommendation for the shares to 'buy', telling clients that it was a "leveraged play on spirits premiumisation trends and was uniquely positioned to lead and grow the premium mixers market".
Liberum cuts THG price target but reiterates 'buy'
Liberum cuts its price target on THG on Tuesday to 700p from 750p after the online retailer warned that its profit margins for the year will miss analysts’ forecasts and revenue growth will slow.
BoA stays 'neutral' on Unilever, says upside and downside risks 'well balanced'
Analysts at Bank of America reiterated their 'neutral' recommendation for shares of Unilever following news at the weekend that it had made three bids for GlaxoSmithKline's consumer health business, telling clients they belived that upside and downside risks to the share price were "well balanced" at current levels.
Berenberg cuts target price on Frontier Developments
Analysts at Berenberg slashed their target price on software firm Frontier Developments from 2,500. 0p to 2,000. 0p on Monday following two profit warnings in as many months.
UBS ups Antofagasta to 'neutral', says risk/reward more balanced
UBS upgraded Chilean copper miner Antofagasta to ‘neutral’ from ‘sell’ on Monday and lifted the price target to 1,400p from 1,300p as it said the risk/reward was more balanced after recent underperformance.
JPMorgan puts Royal Mail on 'Negative Catalyst Watch', shares slump
Royal Mail slumped on Friday after JPMorgan Cazenove placed the shares on ‘Negative Catalyst Watch’ ahead of the company’s next update on 10 February.
Berenberg hikes target price on John Wood
Analysts at Berenberg raised their target price on oilfield services provider John Wood Group from 250. 0p to 300. 0p on Friday after the firm released a full-year trading statement indicating both revenues and adjusted underlying earnings were in line with prior guidance and consensus.
Canaccord Genuity raises target price on SmartSpace
Analysts at Canaccord Genuity hiked their target price on software firm SmartSpace from 140. 0p to 160. 0p on Friday after the company said it had built on its strong first-half software-as-a-service momentum.
Deutsche Bank upgrades Berkeley, downgrades Persimmon
Deutsche Bank reviewed its ratings on several UK housebuilders on Friday as it considered the outlook for 2022.