Broker Tips
Broker tips: HSBC, Meggitt, FirstGroup
JP Morgan analyst Raul Sinha reiterated his 'underweight' stance on shares of HSBC, telling clients that the lender's valuation had yet to reflect the risk to revenues from trade concerns.
RBC Capital ups FirstGroup to 'outperform'
RBC Capital Markets upped its stance on FirstGroup shares to 'outperform' from 'sector perform' on Tuesday and hiked the price target to 160p from 95p.
Investors braced for bumpy summer - Merrill survey
Investors are gearing up for a difficult run on global markets, according to a closely-watched fund manager survey published on Tuesday, with a record number taking out protection against potential losses.
JP Morgan reiterates 'underweight' for HSBC on trade war concerns
JP Morgan analyst Raul Sinha reiterated his 'underweight' stance on shares of HSBC, telling clients that the lender's valuation had yet to reflect the risk to revenues from trade concerns.
Barclays initiates coverage on Meggitt at 'underweight'
Analysts at Barclays initiated coverage on engineering outfit Meggitt on Tuesday, hitting the firm with an 'underweight' rating and 460p target price straight out of the gate.
Tuesday broker round-up
Jupiter Fund Management: Shore Capital Markets downgrades to hold with a target price of 380p.