Broker Recommendations
BofA upgrades Vodafone to 'buy', says dividend cut 'arguably' priced in
Analysts at Bank of America upgraded their recommendation for shares of Vodafone from 'neutral' to 'buy'.
Canaccord Genuity initiates coverage on Clarkson at 'buy'
Analysts at Canaccord Genuity initiated coverage on shipping services firm Clarkson with a 'buy' rating and 4,040. 0p target price on Thursday, citing both "progress and profit".
Barclays downgrades Antofagasta, upgrades Rio
Barclays downgraded Antofagasta but upgraded Rio Tinto on Thursday as it took a look at European metals and mining stocks, arguing that the China pivot has room to run.
RBC Capital upgrades DCC to ‘outperform’
RBC Capital Markets upgraded DCC on Thursday to ‘outperform’ from ‘sector perform’ following share price underperformance.
Berenberg initiates coverage on Focusrite at 'buy'
Analysts at Berenberg initiated coverage on audio-products company Focusrite with a 'buy' rating and 1,100. 0p target price on Thursday, citing a number of near-term tailwinds and M&A optionality.
Broker tips: Close Brothers, Frontier Developments
Analysts at Canaccord Genuity slapped merchant banking group Close Brothers with a double downgrade from 'buy' to 'sell' and cut their target price on the stock from 1,483. 0p to 992. 0p, warning that macro risks had still not been "fully priced in".
Numis cuts Frontier Developments to 'sell', sees risk of capital raise
Analysts at Numis axed their target price for shares of Frontier Developments from 1,450. 0p to 375. 0p and downgraded their shares to 'sell', pointing to an assortment of potential headwinds bearing down on the game software developer and its ability to hit its own guidance.
Canaccord Genuity hits Close Brothers with double downgrade
Analysts at Canaccord Genuity slapped merchant banking group Close Brothers with a double downgrade from 'buy' to 'sell' and cut their target price on the stock from 1,483. 0p to 992. 0p, warning that macro risks had still not been "fully priced in".
Berenberg downgrades Frontier Developments to 'hold', slashes target price
Analysts at Berenberg downgraded video game developer Frontier Developments from 'buy' to 'hold' on Wednesday and slashed their target price on the stock from 2,000. 0p to 620. 0p, stating there was "significant uncertainty" as headwinds continue to grow.
Canaccord Genuity slashes target price on Anpario
Analysts at Canaccord Genuity slashed their target price on animal feed manufacturer Anpario from 800. 0p to 580. 0p on Tuesday following an "unusually challenging" trading year.
Softcat slumps on UBS downgrade to ‘sell’
IT infrastructure and services provider Softcat was under the cosh on Tuesday after UBS downgraded the shares to ‘sell’ from ‘neutral’ and cut the price target to 1,070p from 1,220p.
RBC Capital downgrades Superdry to 'sector perform'
RBC Capital Markets downgraded Superdry on Tuesday to ‘sector perform’ from ‘outperform’, saying the shares are now "more fairly valued".
Jefferies raises target price on Marks & Spencer
Analysts at Jefferies raised their target price on retailer Marks & Spencer from 115. 0p to 125. 0p on Monday after market share data confirmed a "strong Q3" for the group.
StanChart is 'cheap' but rationale for takeover challenged by scant synergies, Barclays says
Shares of StanChart were indeed "cheap", demonstrating the "attractive" value on offer in European lenders, analysts at Barclays judged.
Morgan Stanley says S&P 500 may bottom at around 3,000 points
US stocks were set to fall much further than many pessimists anticipated with a recession likely to add to their losses, Morgan Stanley strategists said.
JP Morgan says start taking profits, Europe to outperform, stays long commodity equities
Equity strategists at JP Morgan told clients that now might be a good time to start taking profits on the EuroStoxx 50, going on to explain that some of the main drivers of European outperformance were now much more priced in, even if "not by any means exhausted".
Berenberg hikes target price on 'well placed' B&M
Analysts at Berenberg raised their target price on discount retailer B&M from 460. 0p to 525. 0p on Monday, stating the group was "well set for 2023".
Citi upgrades BT Group to 'buy'
Citi upgraded BT Group to ‘buy’ from ‘neutral’ on Monday as it argued that pricing momentum could offset free cash flow headwinds.
Berenberg slightly raises target price on Inchcape
Analysts at Berenberg slightly raised their target price on automotive distribution, retail, and services company Inchcape from 1,035. 0p to 1,085. 0p on Friday following the group's acquisition of Derco.
Credit Suisse downgrades Next to ‘underperform’
Credit Suisse downgraded Next on Friday to ‘underperform’ from ‘neutral’ as it said the shares were likely to underperform stocks that look cheap versus history.