Broker Recommendations
Canaccord Genuity lowers target price on Restore
Analysts at Canaccord Genuity lowered their target price on mission-critical services provider Restore from 645. 0p to 590. 0p on Tuesday, stating that cost impacts had somewhat offset building momentum.
RBC Capital upgrades SSE on windfall tax clarity
RBC Capital Markets upgraded SSE on Tuesday to ‘outperform’ from ‘sector perform’ and lifted the price target to 2,050p from 1,825p as it pointed to clarity over windfall taxes.
Numis and RBC sound a positive note on TT Electronics after latest update
Analysts at RBC Capital revised their target price for shares of TT Electronics lower on the back of the electronic component manufacturer's latest update.
Bear market in global equities not over, says Goldman Sachs
The bear market in global equity markets is not over, Goldman Sachs said in a strategy note on Monday.
Canaccord Genuity initiates coverage on Iofina at 'buy'
Analysts at Canaccord Genuity initiated coverage on specialty chemicals group Iofina at 'buy' on Monday as it pointed to a "strong return profile ahead".
Berenberg raises target price on Beazley
Analysts at Berenberg slightly raised their target price on insurance firm Beazley from 720. 0p to 750. 0p on Monday, stating profitable growth looked set to accelerate.
Expectations for February/March Fed pivot 'big mistake', BofA says
Expectations for a pivot by the Federal Reserve between February and May are a "big mistake", Bank of America strategists led by Michael Hartnett said.
Liberum slashes MJ Gleeson price target
Liberum cut its price target on MJ Gleeson on Friday to 560p from 700p following an update in which the builder said it had seen a surge in cancellations, after demand slumped in the wake of September’s mini budget.
Barclays sees 'compelling value' in UK utilities after Budget clarity
Barclays said on Friday that the "energy tax overhang" was gone, as it welcomed the clarity brought by Chancellor Jeremy Hunt’s announcement on windfall taxes in this week’s Autumn Statement.
Berenberg lowers target price on International Distributions Services
Analysts at Berenberg lowered their target price on postal service operator International Distributions Services from 480. 0p to 370. 0p on Friday but said the company's recent first-half results offered "limited" comfort to shareholders.
RBC Capital Markets raises target price on Burberry
Analysts at RBC Capital Markets raised their target price on fashion brand Burberry from 1,800. 0p to 2,070. 0p on Friday, citing the group's "sensible strategy".
Canaccord raised target for Sage on 'pretty good' visibility
Analysts at Canaccord Genuity revised their target price for shares of accounting software designer Sage after the company guided towards an acceleration in recurring revenues to over 9% for the current year.
Berenberg lowers target price on Kape Technologies
Analysts at Berenberg lowered their target price on cybersecurity firm Kape Technologies from 410. 0p to 270. 0p on Thursday, stating it still had concerns about the stock.
RBC Capital downgrades Hargreaves Lansdown to ‘sector perform’
RBC Capital Markets downgraded Hargreaves Lansdown on Thursday to ‘sector perform’ from ‘outperform’ and slashed the price target to 1,050p from 1,650p, as it said near-term uncertainty "thwarts underlying value".
Liberum raises target price on Card Factory
Analysts at Liberum raised their target price on greeting cards retailer Card Factory from 110. 0p to 135. 0p on Wednesday, stating the start of an upgrade cycle had set the group apart as "a top pick".
AstraZeneca continues to be Citi's preferred US pharma major
Analysts at Citi said that AstraZeneca was their preferred global US pharma major, as had been the case since 2014.
Berenberg lifts Kainos to ‘buy’ after ‘strong’ results
Berenberg upgraded software firm Kainos on Wednesday to ‘buy’ from ‘hold’ and hiked the price target to 1,700p from 1,200p following the company’s "strong" first-half results.
Canaccord Genuity lowers target price on DotDigital
Analysts at Canaccord Genuity lowered their target price on software firm DotDigital from 170. 0p to 140. 0p on Wednesday following the group's 2022 full-year results.
JPMorgan starts coverage of Future at 'overweight'
JPMorgan Cazenove initiated coverage of media group Future on Wednesday with an ‘overweight’ rating and 2,500p price target, referring to the company as a "media powerhouse".
RBC Capital Markets lowers target price on Drax, reiterates 'outperform' rating
Analysts at RBC Capital Markets lowered their target price on power generation business Drax from 1,175. 0p to 950. 0p on Tuesday but said recent weakness in the group's share price was "misplaced".