Broker Tips
Broker tips: Moneysupermarket, IQE, Lloyds
UBS has upgraded its rating on Moneysupermarket Group and boosted earnings forecasts, arguing that the price comparison site is gearing up to enter a “virtuous circle”.
UBS ups rating on Moneysupermarket
UBS has upgraded its rating on Moneysupermarket Group and boosted earnings forecasts, arguing that the price comparison site is gearing up to enter a “virtuous circle”.
Canaccord reiterates 'buy' rating on IQE following Huawei's US ban
Analysts at Canaccord Genuity reiterated their 'buy' rating on British semiconductor company IQE on Wednesday, noting that their expectations for the group's revenues and earnings remained unchanged despite supply chain tremors caused by last week's US ban on Huawei and Tuesday's profit warning from Lumentum.
Wednesday broker round-up
Moneysupermarket Group: UBS upgrades to buy with a target price of 415p.
BofA-ML reiterates 'underperform' on Lloyds citing competition in UK mortgages
Analysts at Bank of America-Merrill Lynch reiterated their 'underperform' recommendation for shares of Lloyds on Wednesday, pointing to a £2. 0bn revenue headwind for the lender as it tries to manage the trade-off between growing its mortgage volumes and sustaining it net interest margin in the face of increased competition in the space and as expectations for interest rate increases continue to get pushed back.