Broker Recommendations
Jefferies downgrades Travis Perkins to 'hold'
Jefferies downgraded Travis Perkins on Tuesday to ‘hold’ from ‘buy’ and slashed the price target to 1,416p from 2,189p.
Credit Suisse upgrades Bunzl to 'neutral'
Credit Suisse upgraded distribution and outsourcing group Bunzl to ‘neutral’ from ‘underperform’ on Monday and hiked the price target to 2,900p from 2,450p.
Canaccord Genuity nudges up target price on Totally
Analysts at Canaccord Genuity slightly raised their target price on healthcare services provider Totally from 60. 0p to 70. 0p on Monday after the group's "immediately earnings enhancing" acquisition of Pioneer Health Care for up to £13. 0m.
Berenberg upgrades Empiric Student Property to 'buy'
Analysts at Berenberg upgraded real estate investment trust Empiric Student Property from 'hold' to 'buy' on Monday, stating the stock was "geared to the re-opening".
Credit Suisse upgrades Bunzl in view of clients' medium-term focus on sustainability
Analysts at Credit Suisse upgraded shares of Bunzl from 'underperform' to 'neutral' and hiked their target price from 2,450. 0p to 2,900. 0p, telling clients that product inflation and corporates' sustainability agenda would more than offset a decline in Covid-related work, especially over the medium-term.
Liberum stays at 'sell' on Hammerson, 'still long way to go to rebuild business'
Analysts at Liberum reiterated their 'sell' recommendation for shares of Hammerson, telling clients that there was "still a long way to go" to rebuild the property developer's business.
Barclays downgrades ITV, shares slump
ITV slumped again on Friday after Barclays downgraded its stance on the broadcaster to ‘equalweight’ from ‘overweight’ and cut the price target to 95p from 160p following results a day earlier.
Credit Suisse downgrades Royal Mail, highlights parcel volume risks
Credit Suisse downgraded Royal Mail on Thursday to ‘underperform’ from ‘neutral’ and cut the price target to 345p from 558. 11p, citing 10% potential downside.
JPM assumes coverage of Upper Crust owner SSP at 'overweight'
JPMorgan Cazenove moved to an ‘overweight’ rating on SSP on Thursday following a period of restriction, with a 370p price target.
Liberum downgrades Royal Mail to 'sell', shares slump
Liberum downgraded its stance on Royal Mail on Wednesday to ‘sell’ from ‘hold’ and cut the price target to 355p from 470p as it pointed to a margin squeeze risk from pay inflation ahead of the company’s pay negotiations with trade union CWU.
Berenberg lowers target price on 'fairly valued' Senior
Analysts at Berenberg lowered their target price on aerospace and defence outfit Senior from 180. 0p to 150. 0p on Wednesday, stating that while the firm was "well-positioned", its shares also appeared to already be "fairly valued".
Numis lowers target price on Aveva
Analysts at Numis slashed their target price on software firm Aveva from 4,500. 0p to 4,000. 0p on Tuesday but said the ongoing shift towards subscription services would generally improve the quality of the firm going forward.
Berenberg lowers target price on Ocado
Analysts at Berenberg lowered their target price on online grocery giant Ocado from 1,990. 0p to 1,800. 0p on Tuesday, stating that innovation implications were "underappreciated".