Broker Tips
Morgan Stanley stays at 'underweight' on BP, sees 50% dividend cut
Analysts at Morgan Stanley reiterated their 'underweight' recommendation on shares of BP and their forecast for a 50% dividend cut in 2020.
Broker tips: Avast, Smith & Nephew, Vistry
Peel Hunt upped its price target on cybersecurity company Avast to 355p from 322p on Friday, citing higher revenue expectations as people spend more time on their computers due to the Covid-19 pandemic.
Credit Suisse ups Persimmon price target and reinstates dividend target
Credit Suisse upped its price target on Persimmon and reinstated its dividend target after the housebuilder's positive trading statement.
Liberum hits Codemasters with 'buy' rating
Analysts at Liberum reiterated their 'buy' rating on video games developer Codemasters on Friday, stating the group was "ready to wow".
Peel Hunt lifts Avast price target on higher revenue expectations
Peel Hunt upped its price target on cybersecurity company Avast to 355p from 322p on Friday, citing higher revenue expectations as people spend more time on their computers due to the Covid-19 pandemic.
Canaccord Genuity hikes target price on Persimmon
Analysts at Canaccord Genuity hiked their target price on housebuilder Persimmon from 2,360. 0p to 2,700. 0p on Friday, stating the group was now outperforming after a "swift" return to work.
Berenberg raises target price on Smith & Nephew
Analysts at Berenberg slightly lowered their target price on medical equipment manufacturer Smith & Nephew from £21. 65 to £21. 50 on Friday, stating Covid-19 had raised questions regarding the group's future.
Citi downgrades Vistry, sees better value elsewhere
Citi downgraded its stance on shares of Vistry to ‘neutral’ from ‘buy’ on Friday as it tweaked its estimates to reflect "a slower fixed cost absorption on the back of the Covid-19 disruption".