Broker Recommendations
Shore Capital upgrades JTC to 'buy' after recent weakness
Shore Capital upgraded fund management services provider JTC on Wednesday to ‘buy’ from ‘hold’ following recent weakness, which it said does not reflect the business fundamentals evidenced by the in-line full-year trading update on 3 February.
Morgan Stanley expecs continued EU stock outperformance, FTSE among preferred investments
Equity strategists at Morgan Stanley told clients that they expected European Union stocks to continue outperforming, given what they described as a "benign" macroeconomic backdrop.
Canaccord Genuity takes another look at Hummingbird Resources ahead of feasibility study
Analysts at Canaccord Genuity took a fresh look at gold ore mining company Hummingbird Resources on Tuesday following an update on the feasibility study being undertaken at its jointly-owned Dugbe asset.
Berenberg raises target price on NatWest
Analysts at Berenberg raised their target price on NatWest from 250. 0p to 300. 0p on Tuesday, stating the firm would likely be the "greatest near-term beneficiary" of rising UK interest rates among domestic banks.
J.P.Morgan says cycle not yet over in stocks, reiterates 'overweight' on UK
Equity strategists at JP Morgan told clients that stocks continue to offer a "supportive" risk-reward and that the cycle was "far from over".
Berenberg nudges up target price on Shell
Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350. 0p to 2,375. 0p on Monday, stating the firm was "on a roll".
Canaccord waiting for clarity from Genel Energy on 'next steps'
Analysts at Cannacord Genuity trimmed their target price for shares of Genel Energy ahead of what they termed an important two years as the oil explorer "refines or defines" its rationale.
Barclays upgrades Tullow, downgrades EnQuest
Barclays upgraded Tullow Oil but downgraded Enquest on Friday as it changed its rating on the European oil and gas sector to ‘neutral’ from ‘negative’.
Berenberg initiates coverage on Bango at 'buy'
Analysts at Berenberg initiated coverage on software firm Bango on Friday with a 300. 0p target price and 'buy' rating, stating the stock offered "bang for your buck".
JPMorgan adds Rentokil to ‘Analyst Focus List’ after Terminix deal
JPMorgan Cazenove added Rentokil Initial to its ‘Analyst Focus List’ on Thursday, saying it is one of the highest-quality names it covers, with a strong long-term equity story buoyed by the acquisition of US rival Terminix in December.
Berenberg raises target price on Diploma
Analysts at Berenberg slightly raised their target price on technical products and services supplier Diploma from 3,150. 0p to 3,200. 0p on Thursday, stating the group had made a "strong start" the year following a record performance in 2021.
Canaccord Genuity positive on US opportunities for Spirent Communication
Analysts at Canaccord Genuity took a fresh look at telecommunications testing outfit Spirent Communications on Thursday after the company finished 2021 "on a high note" and said it was "encouraged" by signs that some of its top customers were planning to increase capex in the current year.
Deutsche Bank reiterates 'high conviction buy' for Aviva on expected free cash flow yield
Analysts at Deutsche Bank reiterated their "high conviction" behind their 'buy' recommendation on Aviva's shares on the basis of its "highly attractive" free cash flow generation and their expectations for its future plans for deploying that cash.
Canaccord Genuity lowers target price on Tullow Oil
Analysts at Canaccord Genuity lowered their target price on exploration firm Tullow Oil from 75. 0p to 67. 0p on Wednesday following the firm's recent trading update.
Ocado surges after double upgrade from Credit Suisse
Ocado surged to the top of the FTSE 100 on Wednesday after Credit Suisse upgraded shares of the online supermarket to ‘outperform’ from ‘underperform’ and hiked its price target to 1,750p from 1,500p as it argued that current levels offer a buying opportunity.
Morgan Stanley ups Imperial Brands to ‘equalweight’
Morgan Stanley upgraded its stance on shares of Imperial Brands on Tuesday to ‘equalweight’ from ‘underweight’ as it took a look at tobacco stocks.
Berenberg lowers target price on Kistos following Greater Laggan acquisition
Analysts at Berenberg lowered their target price on exploration and production firm Kistos from 530. 0p to 455. 0p on Tuesday but said a recent accretive acquisition would provide the group with "material cash flow".
JPMorgan reinstates coverage of Smiths Group at 'overweight'
JPMorgan Cazenove reinstated its ‘overweight’ rating on Smiths Group on Tuesday following a period of restriction.
Canaccord Genuity takes 'much more cautious' view of Eqtec
Analysts at Canaccord Genuity lowered their target price on bioscience energy company Eqtec from 2. 8p to 1. 8p on Tuesday, stating it was taking a "much more cautious overall view" for the firm in 2022 and beyond.