Broker Tips
Amazon's push into groceries to benefit Morrisons and Ocado, Credit Suisse says
Amazon's acquisition of Whole Foods Market showed it was very serious about entering the grocery market, putting it on a course to eventually become a direct competitor of all the main players in the space, analysts at Credit Suisse said.
Barclays sees 40% chance of rival bid for Whole Foods
Analysts at Barclays revised their target price on shares of Whole Foods higher even after it agreed to be bought over by Amazon. com, arguing there was a fair chance that a more enticing offer would be forthcoming.
Credit Suisse downgrades InterContinental Hotels
Even though InterContinental Hotels is as "one of the highest quality companies" covered by Credit Suisse, its shares were downgraded to a 'neutral' rating from 'outperform' on Monday after gaining 40% since early 2016.
Ocado rallies on double upgrade at Exane
Ocado got a boost on Monday as Exane BNP Paribas upgraded the stock to 'outperform' from 'underperform' and lifted the price target to 325p from 220p following last week's news that Amazon is buying Whole Foods Market.
Broker tips: Capita, Ocado, CMC Markets
Analysts at Jefferies upgraded their recommendation on shares of Capita citing evidence of change under its chairman, despite the lack of a chief executive officer.
Citi cuts iron ore price forecasts
Analysts at Citi lowered their forecasts for the price of iron ore over the next twelve months, telling clients that lower prices were needed in order for the market to re-balance and in anticipation of waning Chinese growth.
Jefferies hikes Capita target price, sees improving risk/reward
Analysts at Jefferies upgraded their recommendation on shares of Capita citing evidence of change under its chairman, despite the lack of a chief executive officer.
Shore Capital cuts CMC Markets to 'hold', says risk/reward more balanced
Shore Capital downgraded its stance on CMC Markets to 'hold' from 'buy' saying the risk/reward is now more balanced after the shares made a solid recovery from the lows seen in the immediate aftermath of the FCA consultation.