Broker Recommendations
Canaccord Genuity raises target price on Kitwave
Analysts at Canaccord Genuity slightly raised their target price on wholesale Kitwave from 240. 0p to 255. 0p on Monday, stating a "positive start" to the 2022 trading year had driven further upgrades for the stock.
Berenberg raises target price on Anglo American
Analysts at Berenberg hiked their target price on diversified mining outfit Anglo American from 3,600. 0p to 3,800. 0p on Monday, stating the firm has "still got it".
JP Morgan stays 'overweight' Financials, says duration of current dislocation is key
Equity strategists at JP Morgan reiterated their 'overweight' stance for Financials despite the escalating crisis in Ukraine, telling clients that the duration of the current dislocation and whether Russian commodity supplies would be cut off would be key.
JPMorgan upgrades Qinetiq as it looks at European defence sector
JPMorgan Cazenove upgraded Qinetiq on Monday as it said Russia’s invasion of Ukraine has "fundamentally changed" the landscape for the European defence sector.
Berenberg raises target price on Segro
Analysts at Berenberg raised their target price on real estate investment trust Segro from 1,500. 0p to 1,560. 0p on Friday, stating the firm was now "justifying its premium rating".
Jefferies hikes Rentokil price target, cites buying opportunity
Jefferies assumed coverage of Rentokil at ‘buy’ on Friday and lifted the price target to 675p from 650p as it said recent share price weakness following news of the Terminix deal is a buying opportunity.
JPMorgan upgrades BAE Systems on Ukraine crisis
JPMorgan Cazenove upgraded BAE Systems on Friday to ’neutral’ from ‘underweight’ and upped the price target to 630p from 555p as it argued that Russia’s invasion of Ukraine has changed the defence landscape.
RBC Capital upgrades BP to 'outperform'
RBC Capital Markets upgraded BP to ‘outperform’ from ‘sector perform’ on Friday and lifted the price target to 450p from 430p.
Deutsche Bank raises target price on IHG
Analysts at Deutsche Bank raised their target price on Holiday Inn owner InterContinental Hotels Group from 5,610. 0p to 5,700. 0p on Thursday following the firm's "robust" full-year results.
Berenberg downgrades Hargreaves Lansdown to 'hold', slashes target price
Analysts at Berenberg slashed their target price on financial services firm Hargreaves Lansdown from 1,700. 0p to 1,250. 0p and downgraded the stock to 'hold' on Thursday, stating catalysts appeared to be limited, for now.
Liberum upgrades Dechra after share price weakness
Liberum upgraded Dechra Pharmaceuticals to ‘hold’ from ‘sell’ and lifted the price target to 4,020p from 4,000p on Wednesday following weakness in the share price.
Berenberg hikes target price on Next Fifteen following 'huge contract win'
Analysts at Berenberg hiked their target price on media outfit Next Fifteen Communications from 1,500. 0p to 1,600. 0p on Wednesday following a "huge contract win" for the firm.
European airlines and staples have greatest sensitivity to escalation in Ukraine-Russia crisis, Deutsche says
The exposure of most European companies' sales and profits to Russia is "not material" but the same cannot be said of their sensitivity to higher energy costs.
Canaccord Genuity slightly lowers target price on Begbies Traynor
Analysts at Canaccord Genuity lowered their target price on corporate restructuring specialists Begbies Traynor from 163. 0p to 138. 0p on Wednesday to better reflect current market conditions.
Berenberg raises target price on BHP
Analysts at Berenberg raised their target price on mining giant BHP from 2,200. 0p to 2,300. 0p on Tuesday after the firm's interim results came in better than expectations.
Canaccord Genuity lowers target price on System1 following profit warning
Analysts at Canaccord Genuity lowered their target price on market research company System1 from 405. 0p to 385. 0p on Tuesday and said its recent legacy miss re-emphasised that "the future is data".
J.P. Morgan still 'bullish' on cyclicals, not sure growth offers opportunity
Equity strategists at J. P. Morgan reiterated their 'bullish' stance on cyclical areas of the market but warned clients away from growth stocks, telling them that current weakness in that space might not be an opportunity.
Credit Suisse reiterates 'outperform' rating on Howden Joinery
Analysts at Credit Suisse took a fresh look at kitchens and joinery products supplier Howden Joinery on Monday and said it remained "comfortable" with its ahead of consensus full-year pre-tax profit estimates for the firm.
ShoreCap puts Morses Club 'under review' after profit warning, CEO exit
Analysts at Shore Capital put their rating and target price on Morses Club under review on Monday following an unscheduled trading update from the lender, which included a profit warning and the sudden exit of its CEO.
Berenberg reiterates 'buy' rating on NatWest
Analysts at Berenberg reiterated their 'buy' rating and 300. 0p target price on major retail and commercial bank NatWest on Monday as it said the group's earnings outlook was "bright".