Broker Recommendations
Deutsche Bank downgrades IAG and Wizz Air to 'hold'
Analysts at Deutsche Bank downgraded British Airways parent International Airlines Group and low-cost carrier Wizz Air from 'buy' to 'hold' on Thursday, stating they were now pricing in "a more turbulent outlook".
ShoreCap reiterates 'buy' rating on 'high-quality' Halma
Analysts at Shore Capital Markets took a fresh look at safety equipment manufacturer Halma on Wednesday following the group's positive trading statement earlier in the session.
Credit Suisse sticks to 'small overweight' on European banks, Lloyds as 'top pick'
Equity strategists at Credit Suisse stuck to their small 'overweight' stance on European banks, telling clients that they were preferable over non-bank financial cyclicals.
Berenberg lowers target price on GB Group
Analysts at Berenberg lowered their target price on software and services firm GB Group on Wednesday but stated the stock still represented "a good buying opportunity".
Deutsche Bank keeps BP and Shell at 'buy'
Analysts at Deutsche Bank lowered its target prices for most European oil and gas firms, although Shell and BP fared better.
Stay 'overweight' US Financials as 3-10 year yield curve inverts, BoA says
Analysts at Bank of America recommended clients remained overweight US financials, arguing that many investors were overlooking not just changes in historical trends for the sector but also multiple positives.
ShoreCap upgrades TP Icap, shares jump
Shore Capital upgraded its stance on TP Icap on Tuesday to ‘buy’ from ‘hold’ following the company’s results last week.
Berenberg raises target price on Safestore
Analysts at Berenberg hiked their target price on self-storage facilities operator Safestore from 970. 0p to 1,280. 0p on Tuesday, stating the firm had experienced "a period of supernormal growth" since coming out of initial Covid-19 lockdowns.
Jefferies downgrades Hargreaves Lansdown to 'hold'
Jefferies downgraded Hargreaves Lansdown on Monday as it initiated coverage of St James’s Place at ‘buy’.
Canaccord nudges up target price on Beeks Financial Cloud
Analysts at Canaccord Genuity nudged up their target price on software and services firm Beeks Financial Cloud from 210. 0p to 220. 0p on Monday after the group reported interim sales that beat expectations.
Berenberg starts Funding Circle at 'buy', shares surge
Funding Circle surged on Monday after Berenberg initiated coverage of the stock at ‘buy’ as it took a look at specialist lenders.
Berenberg lowers target price on Bakkavor
Analysts at Berenberg lowered their target price on food manufacturer Bakkavor from 145. 0p to 125. 0p on Monday, stating pressures still lingered despite visible improvements.
Canaccord Genuity issues Jet2 with 'buy' rating
Analysts at Canaccord Genuity issued package holiday group Jet2 with a 'buy' rating and a 1,600. 0p target price after placing the stock under review.
BoA says ultimate low for risk assets in 2022 not yet in place
Strategists at Bank of America told clients that the ultimate low for risk assets in 2022 had not yet been seen, notwithstanding the recent "violent" bear market rally triggered by cease-fire talks between Russia and Ukraine.
Shore Capital ups C&C to ‘buy’, highlights depressed valuation
Shore Capital upgraded drinks maker C&C Group to ‘buy’ from ‘hold’ on Friday as it highlighted a depressed valuation and said that with Omicron concerns easing and hospitality reopening, the key on-trade channel should continue to improve over the coming months.
Berenberg upgrades Softcat to ‘buy’ from ‘hold’
Berenberg upgraded IT infrastructure and services provider Softcat on Friday to ‘buy’ from ‘hold’ and reiterated its 1,900p price target.
Berenberg lowers target price on Flutter
Analysts at Berenberg cut their target price on bookmaker Flutter from 15,500. 0p to 13,800. 0p on Thursday but said the stock still offered up "quality at a reasonable price".
Deutsche Bank reiterates 'buy' on StanChart, says higher rates will boost profits
Robert Noble at Deutsche Bank reiterated his 'buy' recommendation for shares of StanChart, forecasting that the lender's profitability was set to expand significantly through 2024, boosted by interest rates.
RBC Capital starts Smith & Nephew at 'outperform'
RBC Capital Markets initiated coverage of medical products manufacturer Smith & Nephew at ‘outperform’ on Wednesday with a 1,700p price target.
Berenberg slashes target price on Made.com
Analysts at Berenberg slashed their target price on retailer Made. com from 165. 0p to 90. 0p on Wednesday following the firm's 2022 guidance downgrade.