Broker Recommendations
Berenberg slightly lowers target price on Marlowe
Analysts at Berenberg slightly lowered their target price on business-critical services and software firm Marlowe from 720. 0p to 710. 0p on Tuesday but said the group's divestment of certain Governance, Risk and Compliance software and service assets had left it with a "much cleaner and simpler-to-understand equity story".
Deutsche Bank starts coverage of Fevertree, Britvic at 'buy'
Deutsche Bank initiated coverage of drinks companies Fevertree and Britvic on Tuesday with ‘buy’ rating.
Berenberg raises target price on NatWest
Analysts at Berenberg raised their target price on banking group NatWest from 325. 0p to 350. 0p on Monday as it said there was "no reason" for it to trade below tangible book value.
Barclays downgrades JD Sports on Hibbett acquisition
Barclays downgraded JD Sports on Monday to ‘equalweight’ from ‘overweight’ and cut the price target to 140p from 165p after the retailer announced the acquisition of US rival Hibbett last week for $1. 1bn.
Berenberg hikes target price on Greggs
Analysts at Berenberg raised their target price on bakery chain Greggs from 3,550. 0p to 3,990. 0p on Friday as it noted that customer appeal had broadened as its market share was expanding.
Jefferies hikes Pensionbee target, expects rally to continue
Jefferies has hiked its target price for Pensionbee by more than 60% after first-quarter results came in ahead of expectations, saying the pension provider has a large market opportunity to expand in the US.
Shore Capital rates NatWest a 'buy', but upside limited
Shore Capital has reiterated its 'buy' rating on UK banking group NatWest after a forecast-beating first quarter, but said it sees the least amount of upside potential in the stock compared with the wider banking sector.
RBC Capital lifts Jet2 price target
RBC Capital Markets lifted its price target on Jet2 on Thursday to 2,000p from 1,950p following the company’s trading statement a day earlier.
Numis cuts Schroders target after Q1 AuM miss
Numis has trimmed its target price for Schroders after first-quarter results from the asset management firm were "a little weaker than expected".
Berenberg ups target price on Microlise following FY results
Over at Berenberg, analysts hiked their target price on software firm Microlise Group from 170. 0p to 210. 0p on Wednesday after the company published its in-line full-year results earlier in the month.
Canaccord Genuity raises target price on Star Energy
Analysts at Canaccord Genuity raised their target price on oil and gas extraction firm Star Energy from 55. 0p to 66. 0p on Wednesday, taking account of new commodity assumptions.
RBC cuts Watches of Switzerland estimates on tough market dynamics
RBC Capital Markets has slashed its target price for Watches of Switzerland Group ahead of its full-year trading update next month, projecting a "tough" luxury watch market.
Jefferies upgrades Reckitt Benckiser to ‘hold’
Jefferies upgraded Reckitt Benckiser to ‘hold’ from ‘underperform’ on Tuesday and lifted the price target to 4,400p from 4,100p.
Citi remains ‘overweight’ UK banks; HSBC and Barclays ‘top picks’
Citi said on Tuesday that it remains ‘overweight’ UK banks, with HSBC and Barclays its top picks, but Standard Chartered its least preferred.
Jefferies upgrades M&S, Next and Sainsbury’s to 'buy'
Jefferies upgraded its stance on a host of UK retail stocks on Monday.
BAE, QinetiQ could benefit from $95bn US aid package, says JPMorgan
UK-listed defence peers BAE Systems and QinetiQ could both benefit from the recent passing of a $95. 3bn US aid package to Ukraine, Israel and Indo-Pacific partners.
No compelling case to own Diageo right now, says Citi
Diageo's stock was underperforming the wider market on Monday, with comments from Citi likely weighing on sentiment after the bank said it doesn't see upside despite a big drop in the shares over the past year.
RBC Capital cuts Dr Martens price target after profit warning
RBC Capital Markets cut its price target on Dr Martens on Monday to 65p from 85p as it reduced estimates following the bootmaker’s FY25 guidance.
Man Group's Q1 miss was temporary "roadbump", says Jefferies
Shares in Man Group dropped on Friday after the investment management firm reported unexpected net outflows in the first quarter, but that didn't deter Jefferies from reiterating its 'buy' rating for the stock.
Numis downgrades DS Smith to ‘hold’
Numis downgraded its stance on packaging group DS Smith on Friday to ‘hold’ from ‘buy’ as it said there was insufficient upside to retain a buy rating.