Broker Recommendations
BofA expects new lows in stock market, tells clients to mind the 15 November
Equity strategists at BofA Securities told clients to expect new lows in the stock market as US Treasury note yields continue to move higher.
Canaccord Genuity reiterates 'buy' rating on Kitwave
Analysts at Canaccord Genuity reiterated their 'buy' rating on Kitwave shares on Friday, stating price weakness provided a buying opportunity.
Berenberg downgrades Fevertree to 'hold'
Analysts at Berenberg downgraded mixed drinks manufacturer Fevertree from 'buy' to 'hold' on Friday, citing external pressures.
Credit Suisse upgrades GSK, downgrades AstraZeneca
Credit Suisse upgraded GlaxoSmithKline on Thursday but downgraded AstraZeneca as it took a look at the pharmaceuticals sector.
Citi upgrades Tate & Lyle, says medium-term upside not reflected in valuation
Citi upgraded Tate & Lyle on Thursday to ‘buy’ from ‘hold’ as it argued that energy headwinds are manageable and that medium-term upside is not reflected in the valuation.
RBC Capital Markets lowers target price on Dechra Pharmaceuticals
Analysts at RBC Capital Markets lowered their target price on veterinary drugmaker Dechra Pharmaceuticals from 4,200. 0p to 4,000. 0p on Thursday following the group's full-year results a week earlier.
Berenberg initiates coverage on Currys at 'hold'
Analysts at Berenberg initiated coverage on electrical retailer Currys, formerly Dixons Carphone, with a 'hold' rating and 70. 0p target price on Thursday, stating it was waiting for a "milder backdrop".
Jefferies upgrades Croda to 'buy', hikes price target
Jefferies upgraded Croda International on Wednesday to ‘buy’ from ‘hold’ and hiked the price target to 8,200p from 7,000p.
Berenberg raises target price on Petra Diamonds
Analysts at Berenberg raised their target price on diamond ming outfit Petra Diamonds from 107. 0p to 130. 0p on Wednesday, updating its model for the group following its full-year results.
Deutsche Bank downgrades Abrdn to 'sell'
Deutsche Bank downgraded Abrdn to ‘sell’ from ‘hold’ on Wednesday and cut the price target to 135p from 175p, as it argued that accelerating stake sales won’t offset wider headwinds.
Canaccord Genuity lowers target price on Accsys Technologies
Analysts at Canaccord Genuity lowered their target price on wooden products retailer Accsys Technologies from 190. 0p to 150. 0p on Tuesday, citing delays to the group's new Tricoya plant.
Berenberg lowers target price on Bakkavor
Analysts at Berenberg lowered their target price on food manufacturing group Bakkavor from 110. 0p to 95. 0p on Tuesday, citing lower earnings trajectory.
Berenberg downgrades raft of housebuilders, upgrades Berkeley
Berenberg reviewed its ratings on a host of UK housebuilders on Monday as it warned that 2023 will likely be the toughest operating environment for the industry since the Global Financial Crisis.
Deutsche Bank lowers target price on AB Foods
Analysts at Deutsche Bank lowered their target price on Primark owner AB Foods from 1,850. 0p to 1,575. 0p on Monday, stating "reality" was now dawning.
Canaccord Genuity lowers target price on James Fisher
Analysts at Canaccord Genuity lowered their target price on marine engineering services provider James Fisher from 625. 0p to 550. 0p on Monday, citing cyclicality as their primary concern.
Jefferies downgrades Tate & Lyle amid mounting cost pressures
Tate & Lyle slumped on Monday after Jefferies downgraded the shares to ‘hold’ from ‘buy’ and cut the price target to 780p from 880p as it highlighted mounting cost pressures in Europe.
Barclays downgrades AB Foods to 'equal weight'
Analysts at Barclays downgraded Associated British Foods to 'equal weight' on Friday, stating visibility was "just too low".
Berenberg lowers target price on Energean
Analysts at Berenberg raised their target price on exploration and production outfit Energean from 1,540. 0p to 1,750. 0p on Friday, stating the group was delivering on both production and dividends.
Canaccord Genuity nudges up target price on Duke Royalty
Analysts at Canaccord Genuity nudged up their target price on diversified financial group Duke Royalty from 53. 0p to 54. 0p on Thursday, citing "material growth" throughout the trading year.
Barclays upgrades Ocado to 'equalweight'
Barclays upgraded Ocado on Thursday to ‘equalweight’ from ‘underweight’ as it cut the price target to 775p from 1,500p, arguing that risks are more evenly balanced.