Broker Tips
Monday broker round-up
Pennon Group: Barclays upgrades to overweight with a target price of 1,060p.
Broker tips: Pennon, GB Group
Pennon rallied on Monday after Barclays upgraded the stock to 'overweight' from 'equalweight' following a de-rating.
Canaccord lowers GB Group to 'hold'
Analysts at Canaccord Genuity downgraded software and services outfit GB Group from 'buy' to 'hold' on Monday, stating it was now "moving to the sidelines" on the stock.
Equities will be able to weather repricing in bond markets, JP Morgan says
Equity prices will be able to digest the repricing now unfolding in government bond markets and the Growth-Policy tradeoff remains "supportive", strategists at JP Morgan argued.
Overweight UK if you're worried that real yields might rise further, Citi says
Real yields could be set to continue rising, which is "bad" for equity markets, strategists at Citi said.
Pennon rallies on Barclays upgrade
Pennon rallied on Monday after Barclays upgraded the stock to ‘overweight’ from ‘equalweight’ following a de-rating.