Broker Tips
Broker tips: Rio Tinto, SSE, Howden Joinery, Ocado, St James's Place
UBS downgraded shares of miner Rio Tinto to 'sell' from 'neutral' on Monday as it argued that iron ore is approaching an inflection point.
JP Morgan still 'very bullish' on earnings outlook
Equity strategists at JP Morgan stood by their forecasts for exceedingly fast growth in European companies' earnings per share, adding that the recent flattening seen in the government bond curves might end up being "materially premature".
Citi stays at 'buy' on hydrogen shares, sees significant upside
Citi stayed at a 'buy' on European names in the hydrogen space, telling clients that their shares had found a "base" following recent price drops.
UBS downgrades Rio Tinto, says iron ore near inflection point
UBS downgrades shares of miner Rio Tinto to ‘sell’ from ‘neutral’ on Monday as it argued that iron ore is approaching an inflection point.
Deutsche Bank upgrades St James's Place to 'buy'
Deutsche Bank has upgraded its rating on St James’s Place to ‘buy’, arguing that there is now better visibility surrounding the firm's long-term financial targets.
Jefferies downgrades SSE to 'hold' over balance sheet concerns
Analysts at Jefferies downgraded Scottish energy company SSE from 'buy' to 'hold' on Monday, stating that an expected increase to capex could possibly leave the group's balance sheet somewhat stretched.
Credit Suisse initiates coverage of Howden Joinery at ‘outperform’
Credit Suisse initiated coverage of Howden Joinery at ‘outperform’ on Monday, with a 900p target price, as it said the group should benefit from an increasingly positive kitchen market in the near term.
Morgan Stanley upgrades Ocado after selloff
Morgan Stanley upgraded its recommendation on shares of online supermarket Ocado on Monday to ‘overweight’ from ‘equalweight’ following a selloff.