Broker Tips
Goldman Sachs downgrades SSP to 'sell'
Goldman Sachs downgraded SSP, an operator of food and beverage outlets, to ‘sell’ from ‘neutral’ but lifted the price target to 575p from 535p.
Wednesday broker round-up
Tullow Oil: Canaccord downgrades to hold with a target price of 220p.
Broker tips: Hargreaves Lansdown, TalkTalk, SSP, Tullow Oil
Credit Suisse analysts warned that while Hargreaves Lansdown offers the prospect of healthy growth over the next few years, the risk of disappointment was too great. As a result, they downgraded the company to 'underperform' from 'neutral' despite increasing their target price to 1,730p from 1,124p.
Credit Suisse downgrades 'great business' Hargreaves Lansdown
Hargreaves Lansdown is a great business but its valuation cannot be justified, Credit Suisse analysts said as they cut their rating on the savings, pensions and investment group.
TalkTalk tumbles as Exane slashes price target, forecasts dividend cut
TalkTalk took a tumble on Wednesday as Exane BNP Paribas slashed its price target on the stock by 35% to 90p, saying the company’s commercial recovery looks set to stall this year, as it reduced its subscriber, revenue and EBITDA estimates and said it expects a dividend cut.
Canaccord cuts Tullow Oil to 'hold' from 'buy', questions Kenya resources
Canaccord Genuity revised its stance on Tullow Oil on Wednesday from 'buy' to 'hold', cutting its target price from 250p to 220p following reports the company may not hold quite as much recoverable oil at its Kenyan asset as previously believed.