Broker Tips
Broker tips: IAG, Royal Dutch Shell, BP
Liberum reiterated its 'buy' recommendation for shares of IAG following the carrier's latest quarterly numbers, arguing that the improvement in the company's financial performance over the past decade was structural - not cyclical - and that the rating on its shares should match that of low cost carriers.
Credit Suisse cuts BP target, but backs deleveraging plans
As large as it might seem, BP is in fact "a smaller and more nimble version of its former self" analysts at Credit Suisse said, even as they reiterated their 'neutral' recommendation for the shares and cut their target price.
Liberum says IAG's rating should match those of low cost carriers
Liberum reiterated its 'buy' recommendation for shares of IAG following the carrier's latest quarterly numbers, arguing that the improvement in the company's financial performance over the past decade was structural - not cyclical - and that the rating on its shares should match that of low cost carriers.
Berenberg says investors may question Shell's long-term target for cash returns
Analysts at Berenberg labelled the latest set of quarterly figures from Royal Dutch Shell as "strong", but added that management's warning that the oil giant's share buyback programme in 2020 might not be completed might also raise questions around the buybacks on longer time horizons.