Broker Tips
Broker tips: Rio Tinto, AO World, WPP
Bank of America Merrill Lynch cut its stance on miner Rio Tinto to 'underperform' from 'neutral' on Thursday, slashing the price target to 4,150p from 4,770p as it noted limited positive catalysts in the near term.
Liberum expects weak performance from WPP, lowers target price
Analysts at Liberum took a fresh look at WPP ahead of the advertising and public relations outfit's full-year results on Friday, reiterating their 'buy' rating on its stock as it noted that the group's most pressing concerns appeared to already be priced in.
Shore Capital reiterates 'sell' rating on 'sub-scale' AO World
Analysts at Shore Capital reiterated their 'sell' rating on household appliances and electricals retailer AO World on Thursday, with the broker stating the UK electrical market had become even more competitive since the group's IPO back in 2014.
Positive near-term catalysts for Rio Tinto limited, says BoA Merrill Lynch
Bank of America Merrill Lynch cut its stance on miner Rio Tinto to 'underperform' from 'neutral' on Thursday, slashing the price target to 4,150p from 4,770p as it noted limited positive catalysts in the near term.
UK miners looking overbought, telecoms very oversold - Morgan Stanley
The mining sector is starting to look overbought, according to Morgan Stanley, following a bumper quarter.