Broker Recommendations
Berenberg hikes target price on FRP Advisory
Analysts at Berenberg raised their target price on liquidators FRP Advisory from 175. 0p to 200. 0p on Friday, stating the group's FY24 update delivered "sizeable upgrades".
Morgan Stanley downgrades Auto Trader to 'underweight'
Morgan Stanley downgraded Auto Trader on Friday ‘underweight’ from ‘equalweight’ and cut the price target to 600p from 625p.
Barclays upgrades on Travis Perkins to 'overweight'
Barclays has raised its rating on builders merchant Travis Perkins from 'equal weight' to 'overweight', saying that the stock is an "undervalued UK recovery play".
Berenberg lowers target price on Treatt, stays at 'buy'
Analysts at Berenberg cut their target price on food ingredients manufacturer Treatt from 700. 0p to 580. 0p on Thursday as its "slow start" to FY24 resulted in a downgrade to full-year revenue growth guidance.
Berenberg raises target price on Shell
Analysts at Berenberg raised their target price on energy giant Shell from 2,950. 0p to 3,400. 0p on Wednesday, stating the group was "still on the right track".
Barclays lifts Unilever target price after strong Q1
Barclays has lifted its target price for Unilever following the consumer-goods group's well-received first-quarter results last month, saying the current quarter could beat expectations.
Citi opens 'positive catalyst watch' on Inchcape
Citi opened a ‘positive catalyst watch’ on shares of Inchcape on Tuesday, as it said the car dealership "has a unique consolidation opportunity within the automotive distribution market".
Greggs delivers decent growth but valuation remains full, says Shore Capital
Shore Capital has maintained a 'hold' rating on Greggs despite a strong start to the year from the bakery chain, saying that the shares look "up with events for now".
BofA Merrill Lynch downgrades BAE Systems
BAE Systems was under the cosh on Monday after Bank of America Merrill Lynch downgraded shares of the defence company to ‘neutral’ from ‘buy’.
JPMorgan sees further upside at IAG despite recent rally
British Airways owner IAG's stock was making gains on Monday following positive comments from JPMorgan, which said that earnings momentum should continue to take the shares higher.
JPMorgan still positive on UK banks despite potential rate cuts
JPMorgan has said that dovish comments from the Bank of England this week don't alter its constructive view on UK banking stocks, even if interest rates do fall more sharply than markets are currently pricing in.
Berenberg hikes target price on John Wood
Analysts at Berenberg raised their target price on engineering and consulting business John Wood Group from 150. 0p to 220. 0p on Friday following the group's first-quarter trading statement that came hot on the heels of news that it had rejected a takeover bid at 205. 0p per share.
Jefferies upgrades GCP Infrastructure Investments to 'buy'
Infrastructure investment firm GCP was performing well on Friday after analysts at Jefferies upgraded their rating on the stock from 'hold' to 'buy' following the recent disposal of the Blackcraig Wind Farm.
Barclays sees huge upside for NatWest despite recent rally
NatWest's share-price surge since the start of the year could well continue, according to analysts at Barclays, who hiked their target price for the stock on Thursday.
Berenberg slightly raises target price on Helios
Analysts at Berenberg slightly raised their target price on telecommunications tower infrastructure company Helios Towers from 170. 0p to 185. 0p on Thursday, stating the group was now "poised for value creation".
Berenberg raises target price on Frontier Developments
Analysts at Berenberg hiked their target price on video game business Frontier Developments from 170. 0p to 300. 0p on Wednesday, stating the group's strategy was "showing signs of promise".
UBS upgrades Centrica, sees shares as 'cheap'
UBS has upgraded its rating for British Gas owner Centrica from 'neutral' to 'buy', saying that the stock carries too large a discount associated with its capital deployment plans.
Jefferies raises target price on Mondi
Jefferies upped its target price on paper and packaging business Mondi from 1,650. 0p to 1,700. 0p on Tuesday following the group's first-quarter trading update.
Berenberg hikes target price on Astrazeneca
Analysts at Berenberg hiked their target price on drugmaker Astrazeneca from 1,200. 0p to 1,300. 0p on Tuesday, citing the group was "instilling confidence in the revenues of tomorrow".
Shell's Q1 performance "encouraging", says RBC
RBC Capital Markets has raised its forecasts for Shell and kept an 'outperform' rating, saying the business was "firing on most cylinders" in the quarter.