Broker Recommendations
Credit Suisse initiates coverage of Hikma at 'outperform'
Credit Suisse has initiated coverage of Hikma Pharmaceuticals with an ‘outperform’ rating.
BofA says fund manager positioning 'manna from heaven' for Q4 trading bulls
Global fund managers continued to be "uber-bearish" in November with a hefty majority anticipating a global recession, the results of Bank of America's fund manager survey revealed.
Jefferies downgrades Aston Martin, says recapitalisation risks remain
Aston Martin was under the cosh on Tuesday after Jefferies downgraded the shares to ‘underperform’ from ‘hold’ and slashed the price target to 120p from 530p as it said that recapitalisation risks remain after the rights issue.
Shore Capital upgrades Informa to 'buy'
Analysts at Shore Capital Markets upgraded publishing firm Informa from 'hold' to 'buy' on Monday following the group's "strong" trading update.
Canaccord Genuity raises target price on Kainos
Analysts at Canaccord Genuity raised their target price on software firm Kainos from 1,350. 0p to 1,525. 0p on Monday, stating the group was "not slowing down".
Investec cuts Close Brothers to 'sell'
Investec cut its rating on Close Brothers Group to ‘sell’ on Monday, after a spike in the merchant bank’s share price.
Citi downgrades Redrow, says risk/reward more balanced
Citi downgraded Redrow on Monday to ‘neutral’ from ‘buy’ as it said the risk/reward now looks more balanced at the current valuation.
Jefferies starts M&G at 'buy', sees range of options for new CEO
Analysts at Jefferies initiated their coverage of M&G at a 'buy', telling clients that the firm's projected surplus capital gneration and Solvency II ratio provided its new boss with a variety of options.
Deutsche Bank raises target price on B&M
Analysts at Deutsche Bank raised their target price on retailer B&M from 395. 0p to 415. 0p on Friday as it cautioned investors not to "ignore the margin elephant in the room".
Boohoo will struggle to reinvigorate growth, says Liberum
Liberum said on Friday that fast-fashion retailer Boohoo "will struggle to reinvigorate growth" even after the opening of its new distribution centre in the US.
Berenberg lowers target price on Hilton Food
Analysts at Berenberg lowered their target price on food manufacturer Hilton Food Group from 850. 0p to 790. 0p on Friday after the company's seafood unit fell short of its quota.
Berenberg lowers target price on 'long-term winner' Computacenter
Analysts at Berenberg lowered their target price on computer services company Computacenter from 3,250. 0p to 2,850. 0p on Thursday but said the group was "still a long-term winner".
Barclays starts coverage of Aston Martin at ‘overweight’
Barclays initiated coverage of Aston Martin on Thursday with an ‘overweight’ rating and 175p price target.
Berenberg slightly lowers target price on Direct Line
Analysts at Berenberg slightly lowered their target price on insurer Direct Line from 266. 0p to 259. 0p on Wednesday after the group's Q3 trading update failed to meet consensus estimates.
Shore Cap cuts rating on AJ Bell
Shore Capital has cut its rating for online stockbroker AJ Bell on valuation concerns.
Citi stays at neutral for CCH, cites lower multiple for Russia profits
Analysts at Citi kept their recommendation for shares of Coca-Cola HBC at 'neutral'.
Barclays upgrades Jupiter, says risk/reward balanced
Barclays upgraded Jupiter Fund Management on Wednesday to ‘equalweight’ from ‘underweight’ and cut the price target to 110p from 120p, as it pointed to a discounted valuation and emerging optimism.
Rabobank chops 12-month forecast for euro-dollar
Analysts at Rabobank took an axe to their forecasts for euro/dollar in 2023, telling clients that the currency had yet to price in the fallout of the Continent's energy crisis.
Liberum upgrades Hammerson to ‘hold’
Liberum upgraded Hammerson to ‘hold’ from ‘sell’ on Tuesday and lifted the price target to 20p from 15p as it pointed to a more balanced risk/reward profile.
Berenberg nudges up target price on Kosmos Energy
Analysts at Berenberg slightly raised their target price on deepwater exploration and production company Kosmos Energy from 710. 0p to 735. 0p on Tuesday, citing "good progress" seen in the group's third-quarter results.