Broker Recommendations
Canaccord Genuity reiterates 'buy' rating on Kainos
Analysts at Canaccord Genuity reiterated their 'buy' rating and 1,350. 0p target price on software firm Kainos Group on Friday, stating "good things" come to those who wait.
ShoreCap stays at 'buy' on AstraZeneca, sees further upgrades ahead on product pipeline
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of drugs giant AstraZeneca, describing its second quarter top-line growth of 37% year-on-year at constant exchange rates "impressive".
Berenberg lowers target price on Wizz Air
Analysts at Berenberg lowered their target price on low-cost carrier Wizz Air from 3,300. 0p to 3,200. 0p on Friday, stating recent capacity rationalisation was aiding unit revenues for the summer.
Canaccord initiates coverage on MyCelX at 'speculative buy'
Analysts at Canaccord Genuity initiated coverage on water treatment systems developer Mycelx Technologies with a 95. 0p target price and 'speculative buy' rating on Thursday, pointing to opportunities in PFAS and the importance of the Middle East and North Africa market.
Berenberg slashes target price on JD Wetherspoon
Analysts at Berenberg slashed their target price on pub chain JD Wetherspoon from 1,050. 0p to 580. 0p on Thursday, stating it was now "hard to predict management decisions".
BofA bumps up target price for Lloyds Banking Group citing gearing to higher rates
Analysts at Bank of America bumped up their target price for shares of Lloyds Banking Group, highlighting the lender's gearing to higher interest rates and earnings resilience to economic shocks.
Barclays sees 'opportunity' in Sabre Insurance after 'significant' de-rating
Analysts at Barclays reiterated their 'overweight' stance on shares of Sabre Insurance Group, telling clients that the "significant" de-rating in the shares was an opportunity.
Berenberg slashes target price on EasyJet following 'messy' Q3 performance
Analysts at Berenberg slashed their target price on low-cost carrier EasyJet from 750. 0p to 560. 0p on Wednesday but said the group's "messy" third-quarter performance had masked its "significant" deleveraging.
Deutsche Bank upgrades Unilever to 'buy'
Analysts at Deutsche Bank upgraded consumer goods company Unilever to 'buy' from 'hold' on Wednesday, stating prospects had now improved for the group.
Deutsche Bank slightly raises target price on Ryanair
Analysts at Deutsche Bank slightly raised their target price on low-cost carrier Ryanair from €15. 3o to €15. 50 per share on Tuesday following the group's first-quarter results.
Berenberg lowers target price on Dunelm, says group's 'resilience' underappreciated
Analysts at Berenberg lowered their target price on retailer Dunelm from 1,200. 0p to 1,130. 0p on Tuesday but said the group's "resilience" remained underappreciated.
ShoreCap starts Watches of Switzerland at 'buy'
Shore Capital initiated coverage of Watches of Switzerland on Monday with a ‘buy’ rating and 1,200p fair value.
US dollar strength and Fed rate hikes enough to kill inflation and push economy into recession, Jefferies says
The Federal Reserve was set to hike short-term interest rates by 75 basis points for a second time in a row at its next meeting on 26-27 July, Jefferies said, but that it would be the last such increment.
Credit Suisse upgrades Ferrexpo to 'outperform'
Credit Suisse upgraded Ferrexpo on Monday to ‘outperform’ from ‘neutral’ but cut the price target to 250p from 260p.
Berenberg lowers target price on Ocado
Analysts at Berenberg lowered their target price on online grocer Ocado from 1,415. 0p to 1,290. 0p on Monday but noted that the group's solutions division remained "on track".
Credit Suisse sees value in UK Banks, Lloyds remains 'top pick'
Analysts at Credit Suisse sounded a bullish note for UK banks, explaining to clients that they now expected upgrades to lenders' guidance for net interest margins and net interest income.
Canaccord Genuity downgrades Strix to 'hold'
Canaccord Genuity downgraded kettle controls manufacturer Strix downgraded from 'buy' to 'hold' on Friday, stating headwinds were now "biting".
JPMorgan downgrades Quilter to 'neutral'
JPMorgan Cazenove downgraded Quilter on Friday to ‘neutral’ from ‘overweight’ and cut the price target to 115p from 180p.
If you buy now you'll pay later, BofA says
A "credible bull market" will require equally credible interest rate cuts by the Federal Reserve once inflation has been "conquered", BofA Securities said.
RBC Capital downgrades Fever-Tree, slashes price target
RBC Capital Markets downgraded tonic maker Fever-Tree on Friday to ‘underperform’ from ‘sector perform’ and slashed the price target to 700p from 1,600p.