Broker Tips
Broker tips: Sainsbury's, Whitbread, Petra Diamonds
Analysts at Berenberg downgraded their stance on Sainsbury from 'buy' to 'hold' on Thursday, stating that the supermarket's merger with Asda is now "unlikely" following the publication of provisional findings by the UK’s Competition and Markets Authority.
Berenberg cuts Sainsbury's to 'hold' as ASDA merger 'unlikely'
Analysts at Berenberg downgraded their stance on Sainsbury from 'buy' to 'hold' on Thursday, stating that the supermarket's merger with Asda is now "unlikely" following the publication of provisional findings by the UK’s Competition and Markets Authority.
Shore Capital strips Whitbread of long-standing 'buy' rating
Analysts at Shore Capital cut their long-standing 'buy' rating on Premier Inn operator Whitbread to 'hold' on Thursday, stating the firm's re-rating since its disposal of Costa appeared to be complete.
Canaccord Genuity cuts target on Petra Diamonds
Analysts at Canaccord Genuity cut their target price for Petra Diamonds following the miner's first half figures, mainly in the wake of lower prices for rough diamonds due to general market conditions and the performance of its Cullinan mine.