Broker Tips
JP Morgan downgrades Petrofac after SFO developments
JPMorgan Cazenove has downgraded its rating on Petrofac after last week's court proceedings suggested the Serious Fraud Office has widened its investigation into the company.
Berenberg slashes target for Metro Bank, but upgrades to 'hold'
Analysts at Berenberg upgraded shares of British challenger bank Metro Bank to 'hold' from their previous 'sell' rating on Monday, explaining that while near-term pressure might continue, the stock was now "fairly valued".
Broker tips: Shell, BP, Petrofac, Metro Bank
Royal Dutch Shell has overtaken BP as the "top pick" in the sector for Barclays, which feels the oil giant still needs to improve free cash flow growth to boost shareholders returns.
Liberum downgrades Barratt and Bovis on valuation
Liberum cut its stance on housebuilders Bovis Homes and Barratt Developments on Monday on valuation and performance grounds, as it took a look at the broader sector.
JP Morgan keeps BP and Shell as 'top picks' in EU Oils
Analysts at JP Morgan reiterated their 'overweight' stance on shares of BP and Royal Dutch Shell on Monday, telling clients that the 'cash cow' phase was now in "full swing", while pointing to continued deleveraging in the sector and the potential for further declines in cash 'breakeven' levels at the latter.
Shell becomes Barclays 'top pick' in energy sector
Royal Dutch Shell has overtaken BP as the "top pick" in the sector for Barclays, which feels the oil giant still needs to improve free cash flow growth to boost shareholders returns.