Broker Tips
Broker tips: InterContinental Hotels, Dunelm
Credit Suisse cut its price target on InterContinental Hotels Group to 5,500p from 5,800p, keeping the rating at 'outperform', following the company’s full-year results, saying its target price reduction was mostly down to FX, with the balance due to higher cash outflows.
Buy financial and energy shares and sell carmakers on rising euro, Morgan Stanley says
The euro is likely rise to against the dollar in 2018 and 2019, making European financial and energy shares attractive and carmakers a standout sector for selling, according to Morgan Stanley.
Credit Suisse cuts InterContinental price target but says price drop is an opportunity
Credit Suisse cut its price target on InterContinental Hotels Group to 5,500p from 5,800p, keeping the rating at 'outperform', following the company’s full-year results.
Wednesday broker round-up
BT Group plc: Deutsche Bank upgrades to hold with a target price of 248p.
Barclays downgrades Dunelm after disappointing H1 numbers
Barclays downgraded its stance home furnishings retailer Dunelm to 'equalweight' from 'overweight' on Wednesday and slashed the price target to 630p from 810p following "disappointing" first-half results and commentary on Worldstores.