Broker Tips
Broker tips: Sainsbury's, Smith & Nephew, Carnival
Analysts at ShoreCap raised their recommendation on Sainsbury's shares from 'sell' to 'hold' on valuation grounds, but shied away from recommending a 'buy' following the recent loss of Argos Sainsbury boss, John Rogers, and the likelihood of a flat medium-term earnings trajectory for the grocer.
HSBC slashes target for Carnival, downgrades to 'hold'
HSBC slashed its target price for shares of Carnival - downgrading its recommendation from 'buy' to 'hold' - after the cruiseline operator lowered its outlook for yield growth, management's commentary around worsening bookings for financial year 2020, increasing capacity growth relative to its peers, and risks to the firm's share buybacks.
ShoreCap upgrades Sainsbury to 'hold' on valuation grounds
Analysts at ShoreCap raised their recommendation on Sainsbury's shares from 'sell' to 'hold' on valuation grounds, but shied away from recommending a 'buy' following the recent loss of Argos Sainsbury boss, John Rogers, and the likelihood of a flat medium-term earnings trajectory for the grocer.
Berenberg reiterates 'buy' rating on Smith and Nephew
Analysts at Berenberg retained their 'buy' rating on medical equipment manufacturer Smith & Nephew on Monday but slightly lowered their price target on the group from 2,265p to 2,250p.
Monday broker round-up
Royal Dutch Shell: Goldman Sachs reiterates buy with a target price of 3,200p.