Broker Recommendations
Berenberg initiates coverage on Devolver Digital at 'hold'
Analysts at Berenberg initiated coverage on video games publisher Devolver Digital with a 'hold' rating and 180. 0p target price on Wednesday, stating there appeared to be limited upside potential for the stock in the short- to medium-term.
Berenberg cuts target for IAG on expected hit to fuel prices and capacity from conflict
Analysts at Berenberg cut their target price for shares of IAG due to the expected impact of higher fuel prices in the wake of the invasion of Ukraine.
Canaccord Genuity cuts target price on Aptitude Software
Analysts at Canaccord Genuity cut their target price on software firm Aptitude Software from 845. 0p to 670. 0p on Tuesday due to reduced margin forecasts and lower multiples amongst its listed peers.
Fund managers sitting on biggest cash pile since April 2020, when Covid-19 hit, BoA survey shows
Fund managers around the world boosted their cash on hand in March to 5. 9%, the highest level since the start of the pandemic, in response to Russia's invasion of Ukraine, the results of a closely-followed survey revealed.
Berenberg lowers target price on Vitec
Analysts at Berenberg lowered their target price on live streaming technology outfit Vitec from 1,840. 0p to 1,590. op on Tuesday but stated the firm had still delivered a "solid recovery" and a "positive outlook" for 2022.
Berenberg lowers target price on Craneware
Analysts at Berenberg cut their target price on software firm Craneware from 3,100. 0p to 2,725. 0p on Monday despite the group's interim results being in line with its January trading update.
Liberum slashes National Express price target
Liberum slashed its price target on National Express on Monday to remove upside from the Stagecoach deal, which has fallen through.
Oil price shocks usually do not derail economies, Berenberg says
Oil price shocks historically have not derailed economies but in the case of Europe, this time the outcome will likely hinge on whether or not the European Union joins Washington's embargo on Russian oil, Berenberg said.
Barclays starts coverage of Deliveroo at 'equalweight'
Barclays initiated coverage of Deliveroo on Friday at ‘equalweight’ with a 165p price target.
Jefferies upgrades Molten Ventures to 'buy'
Jefferies upgraded Molten Ventures - formerly Draper Esprit - to ‘buy’ from ‘hold’ on Thursday.
Liberum downgrades Stagecoach to 'hold' following cash offer
Analysts at Liberum downgraded public transport operator Stagecoach from 'buy' to 'hold' on Thursday but stated yesterday's 105. 0p cash offer provided some "short-term certainty".
Canaccord Genuity slashes target price on Synthomer
Analysts at Canaccord Genuity slashed their target price on chemicals business Synthomer from 750. 0p to 575. 0p on Thursday, stating trading now appeared to be normalising.
JP Morgan says 'stay bullish' on European oil and gas, keeps Shell as 'top pick'
Analysts at JP Morgan told clients to "stay bullish" on European Big Oil, arguing that valuations were attractive and the Oil&Gas upcycle would trump companies' exposure to Russia and or periphery risks such as Kazhakstan.
Citi upgrades SSE to 'buy'
Citi upgraded SSE to ‘buy’ from ‘neutral’ on Wednesday as it said the company was well placed to benefit from any long-term acceleration of energy transition.
Gfinity FY revenues seen lower, Canaccord Genuity places stock under review
Esports business Gfinity said on Wednesday that it expects to report an interim adjusted operating loss of £400,000, less than half of last year's £900,000 loss, but warned the full-year revenues would likely fall short of expectations as the business continues to struggle on its path towards profitability.
Citi bullish on ITM Power, Nel and Ceres Power on EU drive for energy security
Analysts at Citi sounded a bullish note on shares of ITM Power in the wake of the European Union's just announced plans to make the bloc independent from Russian gas "well before 2030" with 'green hydrogen' given a central role.
Deutsche Bank downgrades ITV on balanced risk/reward
Deutsche Bank downgraded ITV on Wednesday to ‘hold’ from ‘buy’ and cut the price target to 100p from 130p on balanced risk/reward.
Berenberg nearly halves target price on Victoria Plumbing
Analysts at Berenberg almost halved their price target for specialist retailer Victorian Plumbing from 130. 0p to 70. 0p on Wednesday as they lowered the group from 'buy' to 'hold', citing inflationary headwinds.
BoA anticipates months of uncertainty, but worse scenarios possible
Strategists at Bank of America forecast "months" of uncertainty, tough sanctions and high energy prices as a result of the Russian invasion of Ukraine.
Berenberg initiates coverage on Essentra at 'buy'
Analysts at Berenberg initiated coverage on essential components and solutions provider Essentra at 'buy' on Tuesday, stating the firm was "more than the sum of its components".