Broker Tips
Investec downgrades Wizz Air on valuation despite growth opportunity
Investec downgraded lost-cost airline Wizz Air to 'hold' from 'buy' on Wednesday despite acknowledging the growth opportunity, as it said the stock is now fairly valued.
Broker tips: Provident Financial, Hunting, RSA Insurance
Berenberg hiked its target price for Provident Financial on Tuesday but stuck to a 'hold' recommendation on the shares, warning clients that it was impossible to anticipate the conclusion of the regulator's investigation into the door-step lender.
Berenberg lifts target on Provident Financial but stays at hold
Berenberg hiked its target price for Provident Financial on Tuesday but stuck to a 'hold' recommendation on the shares, warning clients that it was impossible to anticipate the conclusion of the regulator's investigation into the door-step lender.
Canaccord lifts Hunting target price
Analysts at Canaccord Genuity raised their target price for Hunting's shares following the company's third quarter trading update.
JPMorgan upgrades RSA, downgrades Admiral and Esure
RSA Insurance got a boost on Tuesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’ as it took a look at the UK non-life sector.
Credit Suisse downgrades IWG, slashes price target after profit warning
IWG was under the cosh on Monday as Credit Suisse downgraded its stance on the stock to ‘neutral’ from ‘outperform’ and slashed the price target to 250p from 435p, removing it from its small and mid-cap Focus List following the company's profit warning last week.
Liberum upgrades GKN to 'hold', target price steady
Analysts at Liberum Capital have upgraded their recommendation for shares of GKN, saying that the bad news has now been flushed out and that the downside looks limited given the possibility of disposals and scope for improved cash generation going forward.
Latest reflation rally has good fundamentals, JP Morgan says
Don't fret if you've been left out of the latest reflation rally in stocks, strategists at JP Morgan are telling clients, because it is not too late to join in.
JP Morgan sees "good" entry point into Aviva, reiterates 'overweight'
JP Morgan sounded a 'bullish' note on Aviva, telling clients the shares are "cheap" and that the insurer's cash flows would allow it to both grow its dividend even while carrying out share repurchases and strengthening its capital position.
Berenberg ups Cobham target but says premium valuation "unwarranted"
Despite Cobham share's outperformance over the past six months, Berenberg cautioned clients about the near-term strength of various of the firm's end-markets, alongside operational challenges that would require time to resolve and, for a time, scupper hopes that the dividend would be reinstated.
Virgin Money's growth prospects not reflected in share price, Barclays says
Analysts at Barclays Research believe Virgin Money's growth prospects are not reflected in the share price.
ASOS boosted by HSBC upgrade to 'buy'
Online fashion retailer ASOS got a boost on Friday as HSBC upgraded its stance on the stock to ‘buy’ from ‘hold’ and lifted the price target to 6,650p from 6,250p, saying its new rating is supported by a strong net cash balance sheet.
Broker tips: NEX Group, N Brown, Rio Tinto
NEX Group was under the cosh after RBC Capital Markets cut the stock to 'underperform' from 'sector perform'.
Investec says Rio Tinto is preferred pick among diversified miners
Analysts at Investec reiterated their "preference" for shares of Rio Tinto among the diversified majors, despite the miner's "mixed" third quarter results.
Thursday broker round-up
Mediclinic: JPMorgan downgrades to Neutral with a target price of 733p.
NEX Group hit by RBC Capital downgrade
NEX Group was under the cosh after RBC Capital Markets cut the stock to ‘underperform’ from ‘sector perform’.
HSBC upgrades N Brown after share pullback
N Brown is starting to deliver on its transformation plan and after an undeserved pullback in the shares after this month's interim results, HSBC upgraded the shares to a 'buy' rating from 'hold'.
Barclays reinstates Wood at 'underweight' given hurdles to integration
Barclays Research has reinstated its 'underweight' recommendation for shares of Wood, pointing to the possible hurdles management will face in trying to reap the potential cost synergies from the combination of Wood Group and Amec Foster Wheeler.
Wednesday broker round-up
Merlin Entertainments: Credit Suisse upgrades to Outperform with a target price of 440p.