Broker Tips
Broker tips: Wood Group, Dechra Pharmaceuticals, RBS, United Utilities
Jefferies has downgraded Wood Group, over concerns that the dividend could come under pressure at the energy services firm.
Fuller's and Restaurant Group are top picks for new Stifel analyst
The backdrop of the leisure sector is increasingly favouring wet-led pubs over restaurants, said broker Stifel as it re-started coverage with The Restaurant Group and Fuller's as its top picks.
Deutsche Bank downgrades United Utilities as it breaches price target
Deutsche Bank downgraded its stance on shares of United Utilities to 'hold' from 'buy' as they have risen above its 850p price target.
Jefferies jacks up RBS target in anticipation of 'large scale capital return'
Analysts at Jefferies jacked up their target price for shares of RBS following a meeting with the lender's finance chief, Katie Murray, that saw them come away with "more conviction than ever around large scale capital return".
Monday broker round-up
Wood Group: Jefferies downgrades to underperform with a target price of 480p.
Dechra can create value through M&A - JPMorgan
Analysts at JPMorgan Cazenove initiated coverage on Dechra Pharmaceuticals at 'overweight' on Monday, calling the veterinary products manufacturer a "diamond in the ruff".
JP Morgan recommends clients add further to equity positions
Equity strategists at JP Morgan recommended clients use the consolidation to "add further" to their positions in stocks, arguing that investor positioning was "light" and that companies' profit margins were set to improve.
Jefferies downgrades Wood Group over dividend risks
Jefferies has downgraded Wood Group, over concerns that the dividend could come under pressure at the energy services firm.
Credit Suisse downgrades Kingfisher on 'lack of catalysts'
Kingfisher’s turnaround plan is still “the right plan”, believes Credit Suisse, but analysts reckon the stock “lacks a near-term catalyst” and faces downside risks from the wider economies of the UK and France.
Peel Hunt initiates Centamin at 'hold'
Peel Hunt initiated coverage of gold miner Centamin at 'hold' with a 95p price target on Friday, saying it sees a production recovery at the Sukari mine starting in the second quarter, but with an increased year-over-year cost base.
JPMorgan upgrades Pearson on return to higher education growth
JPMorgan Cazenove upped its rating on shares of education publisher Pearson on Friday as to 'overweight' from 'neutral' and hiked the price target to 1,050p from 850p, citing a return to higher education growth and a better business model.
Apple rallies on Needham upgrade to 'strong buy'
Apple shares rallied on Thursday as Needham upped its stance on the tech giant's shares to 'strong buy' from 'buy ahead of its press event next week and bumped up the target price to $225 from $180, arguing that the company's "ecosystem" has value upside.
JPMorgan Cazenove downgrades Lookers amid cost inflation woes
JPMorgan Cazenove downgraded its recommendation on car dealership Lookers to 'neutral' from 'overweight' and cut the price target to 98p from 129 on Thursday, highlighting the problem of cost inflation.
Berenberg downgrades Bodycote to 'hold' on valuation grounds
Berenberg downgraded Bodycote shares to 'hold' from 'buy' on Thursday on valuation grounds.
Merlin Entertainments is a 'sell', Berenberg says
Merlin Entertainments is incorrectly “priced for perfection” and investors should sell the theme park operator’s shares, Berenberg analysts said.
Asos still a 'buy' but with risks, say Barclays, Jefferies
Barclays and Jefferies have maintained their recommendations for Asos, the online specialist, but believe there are still risks associated with the stock.
Broker tips: Polypipe, Informa
Analysts at Peel Hunt downgraded their recommendation on stock in Polypipe following the recent sharp run-up in the share price.
Peel Hunt downgrades Polypipe after full-year results
Analyst at Peel Hunt downgraded their recommendation on stock in Polypipe following the recent sharp run-up in the share price.
Informa boosted by Morgan Stanley upgrade to 'overweight'
Morgan Stanley upped its stance on shares of events company Informa to 'overweight' from 'equalweight' on Tuesday as it highlighted decent trading and a lowly rating versus peers.
Monday broker round-up
IWG: RBC Capital Markets upgrades to sector perform with a target price of 260p.