Broker Tips
Tuesday broker round-up
Rightmove: Berenberg upgrades from 'sell' to 'hold' and lifts target price from 455. 0p to 710. 0p; Credit Suisse stays at 'neutral' and raises target price from 600. 0p to 660. 0p.
Credit Suisse stays at 'hold' on HSBC, now expects share buybacks
Analysts at Credit Suisse stayed at 'hold' on shares of HSBC, noting the lender's outlook for interest rates and likelihood of share buybacks being announced soon.
Credit Suisse stays 'underweight' on non-financial cyclicals but adds to miners
Analysts at Credit Suisse reiterated their 'underweight' stance for most European non-financial cyclicals on valuation grounds - but not on miners.
Broker tips: Rightmove, HSBC
Berenberg upgraded Rightmove to 'hold' from 'sell' on Tuesday and hiked the price target to 710. 0p from 455. 0p as it said the stock's valuation was full but "not extreme".
Berenberg upgrades Rightmove, hikes price target
Berenberg upgraded Rightmove to ‘hold’ from ‘sell’ on Tuesday and hiked the price target to 710p from 455p as it said the stock's valuation was full but "not extreme".