Broker Tips
UK hotels and coffee shops have limited opportunities growth - Citi
European hotels and leisure operators are being disrupted much more than expected by Airbnb, online travel agencies and other parts of the sharing economy, Citigroup said as it downgraded Premier Inns owner Whitbread on Tuesday.
Broker tips: UK homebuilders, Restaurant Group, Greene King
British Land is a bellwether of the UK real estate office and retail market but while rents and asset prices are likely to decline it's 34% discount is overdone, Deutsche Bank said, upgrading the shares to 'buy' and those of sector peer Derwent London to 'hold' from 'sell'.
Commodity price strength augurs well for stocks into year-end, JP Morgan says
The rebound in commodity prices will support company pricing and profits, while helping to put in place a base for inflation readings and leading to higher bond yields, providing a key catalyst for stocks to gain into year-end, although North Korea remained a 'wild card', analysts at JP Morgan told clients.
Restaurant Group recovery is far from assured, Berenberg believes
It will be tough for Restaurant Group to deliver a sustained improvement in performance as cost and competition pressures continues to build, said Berenberg as it reiterated a 'sell' recommendation on the shares.
UK property values will decline, but British Land and Derwent oversold - Deutsche
British Land is a bellwether of the UK real estate office and retail market but while rents and asset prices are likely to decline it's 34% discount is overdone, Deutsche Bank said, upgrading the shares to 'buy' and those of sector peer Derwent London to 'hold' from 'sell'.
Monday broker round-up
British Land: Deutsche Bank upgrades to Buy with a target price of 660p.
JP Morgan cuts Greene King target price, stays at 'neutral'
Analysts at JP Morgan marked down their target price for shares of pub operator Greene King on anticipated lower sales growth at its main unit, Pub Company.
JP Morgan reiterates 'neutral' rating on Enquest, drops target price
James Thompson, a European oil and gas analyst at JP Morgan, said on Friday that while the extended commissioning of EnQuest's Kraken project and resulting underwhelming performance thereof, were "clearly central" to the debate, JP Morgan was somewhat reassured given that commissioning phase issues were historically easier to rectify than facility or reservoir related problems.
Pub companies crying into their beer after consumer and competition warning
Pub companies and analysts were gasping after a warning from brewer Greene King about falling sales, rising competition and costs, all set against a worrying backdrop of tightening consumer belts.
Friday broker round-up
Go-Ahead Group: JPMorgan downgrades to ‘Underweight’ with a target price of 1355p.
Stifel downgrades N Brown to 'hold' as it hits target price
Stifel downgraded N Brown to 'hold' from 'buy' as the stock reached its 345p price target.
Credit Suisse ups Burberry to 'outperform', expresses confidence in new management
Luxury fashion brand Burberry got a boost as Credit Suisse upped its rating on the stock to 'outperform' from 'neutral' and lifted the price target to 2,000p from 1,650, saying it was its "preferred brand turnaround story".
RBC Capital cuts Dixons Carphone to 'outperform' from 'top pick'
RBC Capital Markets downgraded Dixons Carphone to ‘outperform’ from ‘top pick’ and cut the price target to 215p from 225p.
Standard Life Aberdeen 'yet to rerate as an asset manager', says JPM Cazenove
Since sealing its merger, Standard Life Aberdeen is a more diverse business offering growth potential and even the potential to "unlock hidden value", JP Morgan Cazenove said as it initiated coverage on the stock with an 'overweight' rating.
Thursday broker round-up
Dixons Carphone: RBC downgrades to Outperform with a target price of 215p.
Boohoo's competitive advantage sees Barclays upgrade after internet research
Online fast-fashion retail Boohoo. com's shares are "expensive" but were upgraded by Barclays on Tuesday after analysis of internet traffic trends for the core business and its PrettyLittleThing offshoot firmed up its forecasts.
Citi picks 'sweet 16' stocks for investors to play pre-Brexit UK
Companies with overseas and especially emerging markets exposure such as international banks, miners and tobacco producers are the way to play the UK's next economic phase, Citi said on Tuesday, picking a 'sweet 16' large and small cap stocks to buy, including AstraZeneca, Bellway and Keyword Studios.
Morgan Stanley downgrades SSP, Paddy Power, but likes Ladbrokes, Whitbread
In a look at the leisure sector, Morgan Stanley was positive on Ladbrokes, Whitbread and Merlin Entertainment with 'overweight' recommendations all round, but downgraded SSP Group and Paddy Power Betfair.
Credit Suisse raises target on Victrex, says PEEK competition concerns exaggerated
Credit Suisse lifted its earnings per share estimates and target price on Victrex stock after the company announced a reduction in its tax rate.