Broker Recommendations
Citi ups target for Melrose on strong cash generation
Citi has lifted its target price for aerospace manufacturing group Melrose from 620p to 735p and placed the stock on 'catalyst watch' ahead of company's results next week, hailing the company cash-generating abilities.
RBC Capital Markets lowers target price on Reckitt
Analyst at RBC Capital Markets lowered their target price on consumer goods company Reckitt from 7,500. 0p to 7,000. 0p on Thursday but reiterated their 'outperform' rating on the stock, stating it was currently "bruised but undervalued".
Citi upgrades St James's Place to 'buy' after stock sinks
Citi has upgraded its stance on St James's Place after a collapse in the the financial advice company's shares this week, saying that the "potholes have been filled".
Ageas would need to offer 270p to 300p a share for Direct Line, says Jefferies
Belgium’s Ageas would need to make an offer of 270p to 300p a share for UK insurer Direct Line for it to be more likely to be accepted, Jefferies said in a note on Thursday.
Deutsche Numis puts St James’s Place rating under review after results
Deutsche Numis put its rating on St James’s Place under review from ‘buy’ on Wednesday after the wealth manager’s full-year results.
Berenberg raises target price on IHG
Analysts at Berenberg raised their target price on Intercontinental Hotels Group from 6,000. 0p to 7,400. 0p on Wednesday following the group's "solid" full-year results.
Berenberg slightly raises target price on Hikma Pharmaceuticals
Analysts at Berenberg raised their target price on drugmaker Hikma Pharmaceuticals from 1,960. 0p to 2,000. 0p on Tuesday, citing more stability in its generics unit.
Morgan Stanley downgrades Unilever
Morgan Stanley downgraded Unilever on Tuesday to ‘underweight’ from ‘equalweight’ and cut the price target to 3,775p from 4,100p.
Rentokil offers "extremely good value", says RBC
RBC Capital Markets has reiterated an 'outperform' rating and 575p target price for Rentokil Initial ahead of the pest control group's full-year results next week.
Barclays upgrades Flutter Entertainment to ‘overweight’
Barclays upgraded Flutter Entertainment on Tuesday to ‘overweight’ from ‘equalweight’ and lifted the price target to 200p from 153p, citing multi-year earnings growth.
Berenberg lifts StanChart price target
Berenberg upped its price target on ‘buy’ rated Standard Chartered on Monday to 1,050p from 1,000p as it said that growth and returns are undervalued.
Berenberg lowers target price on Tate & Lyle
Analysts at Berenberg lowered their target price on food ingredients manufacturer Tate & Lyle from 890. 0p to 860. 0p on Monday due to FX headwinds.
Jefferies expects solid recovery at Anglo American
Anglo American investors just need a little more patience, according to analysts at Jefferies who reiterated their 'buy' rating on the mining company ahead of what it sees as an inevitable recovery in the share price.
RBC Capital lifts price target on Conduit Holdings
RBC Capital Markets lifted its price target on Conduit Holdings on Friday to 650p from 575p and reiterated its ‘outperform’ rating.
Berenberg raises target price on Chemring
Analysts at Berenberg raised their target price on aerospace and defence group Chemring from 370. 0p to 415. 0p on Friday, stating demand was driving the group's order book higher.
Canaccord raises target for Trainline as strike headwinds ease
Canaccord Genuity has hiked its target price for Trainline ahead of the booking platform's trading next month after pencilling in a less-than-expected impact from recent rail strikes.
Barclays downgrades Dominos on slowing app downloads
Barclays has cut its rating for the UK-listed shares of American pizza chain Domino's from 'overweight' to 'equal weight', citing concerns about a slowdown in takeaway app downloads.
Barclays upgrades Breedon Group to 'overweight'
Barclays upgraded construction materials company Breedon Group on Friday to ‘overweight’ from ‘equalweight’ and hiked the price target to 450p from 380p.
ShoreCap upgrades Mitchells & Butlers to 'buy'
Shore Capital upgraded Mitchells & Butlers on Thursday to ‘buy’ from ‘hold’ as it said robust trading year-to-date points to strong trading in FY24.
Deutsche Numis lowers target price on Hargreaves Lansdown
Analysts at Deutsche Numis lowered their target price on financial services giant Hargreaves Lansdown from 1,043. 0p to 996. 0p on Thursday despite the firm's interim results coming in "a little ahead".