Broker Recommendations
Shore Capital upgrades AO World to 'buy'
Shore Capital upgraded AO World on Wednesday to ‘buy’ from ‘hold’.
HSBC's Argentina exit doesn't impact valuation, Shore Capital says 'buy'
Shore Capital has said that HSBC's disposal of its Argentinian business should not have a material impact on its investment case despite it generating a $1bn hit to the business.
Berenberg hikes target price on Johnson Matthey
Analysts at Berenberg raised their target price on diversified chemicals business Johnson Matthey from 1,650. 0p to 1,800. 0p on Tuesday but said the performance of its shares will likely depend on three factors.
Asos 'paddling upstream' as sales pressures continue, says Shore Capital
Shore Capital has reiterated its 'sell' recommendation for fast fashion retailer Asos, saying the company is "paddling upstream" with ongoing sales pressure, high debt levels and competitive threats.
Barclays upgrades Halma to ‘overweight’
Barclays upgraded Halma on Tuesday to ‘overweight’ from ‘equalweight’ and lifted the price target to 2,650p from 2,425p.
Berenberg cuts Wood Group target on weak cash generation
Wood Group is "on the right track" with its turnaround, according to Berenberg, but the broker still cut its target price for shares of the energy and materials engineering and consulting business following the group's recent results.
IWG could become market leader, says RBC
RBC Capital Markets has said it sees a buying opportunity at IWG after a recent underperformance in the shares, keeping the workspace solutions group at 'outperform'.
Berenberg slightly raises target price on The Gym Group
Analysts at Berenberg slightly raised their target price on The Gym Group from 115. 0p to 121. 0p on Friday, stating the firm's new growth plan could very well deliver gains.
RBC Capital cuts Burberry price target ahead of FY results
RBC Capital Markets cut its price target on Burberry on Thursday to 1,200p from 1,500p as it reduced estimates ahead of the full-year results, which it said are unlikely to surprise positively.
RBC lifts forecasts for Ryanair, keeps at 'outperform'
RBC Capital Markets has lifted its target price for budget airline Ryanair after upping its forecasts on the back of lower fuel cost projections.
BT Group shares ripe for a re-rating, says JPMorgan
Shares of BT Group appear heavily undervalued and "ripe for a major re-rating", JPMorgan Cazenove said in a note on Thursday.
Berenberg sees further upside at GSK despite recent rally
Shares in biopharma giant GSK were in the red on Wednesday, pulling back after a strong performance so far this year, but broker Berenberg still sees further upside, reiterating a 'buy' rating on the stock.
Barclays gives Segro a double upgrade
Barclays has upgraded its rating on industrial real estate group Segro by two notches from 'underweight' to 'overweight' as part of its review of the European warehouse sector.
ShoreCap upgrades Frontier Developments to 'buy'
Analysts at ShoreCap upgraded their recommendation for shares of Frontier Developments from 'hold' to 'buy', citing the shares' valuation and progress on its shift back to its core strength.