Broker Tips
Broker tips: British American Tobacco, Sophos, Hastings Group
Morgan Stanley has backed the household, personal care and cosmetics sector – but sounded a note of warning about tobacco companies.
RBC lowers target price on Hastings amid 'challenging' market conditions
Analysts at RBC Capital Markets lowered their target price on British insurance outfit Hastings Group from 225p to 200p on Monday, reflecting lower estimates for 2020.
JP Morgan anticipates Sophos's billings will reaccelerate
Analysts at JP Morgan reiterated their 'overweight' stance on shares of software maker Sophos, telling clients that the reacceleration in billings over the first quarter of the new fiscal year supported confidence in the medium-term thesis for the stock.
Morgan Stanley sounds note of caution over tobacco in otherwise upbeat HPC review
Morgan Stanley has backed the household, personal care and cosmetics sector – but sounded a note of warning about tobacco companies.
Monday broker round-up
Rio Tinto: Morgan Stanley reiterates equal weight with a target price of 4,808p.