Broker Tips
RHI Magnesita slumps on RBC Capital downgrade
RHI Magnesita tumbled on Wednesday after RBC Capital Markets downgraded the shares to ‘sector perform’ from ‘outperform’ and cut the price target to 3,700p from 4,750p.
Morgan Stanley hikes targets for European oil majors, highlights outlook for Shell
Morgan Stanley hiked its target prices for European oil majors' shares, telling clients that they were set to generate "high" levels of free cash flow, deleverage their balance sheets "fast" and in turn to increase their shareholder distributions.
Broker tips: Polymetal, Fevertree, Asos
Deutsche Bank initiated coverage of Polymetal on Tuesday with a 'hold' rating and 1,200. 0p price target.
Deutsche Banks initiates coverage of Polymetal at 'hold'
Deutsche Bank initiated coverage of Polymetal on Tuesday with a ‘hold’ rating and 1,200p price target.
Berenberg cuts target price on Asos
Analysts at Berenberg lowered their target price on fast-fashion retailer Asos from 6,500. 0p to 5,500. 0p on Tuesday, stating the firm's near-term outlook had been impacted by Covid-19-related volatility.
HSBC downgrades Fevertree despite 'strong' sales in Germany, Italy and US
HSBC analysts downgraded their recommendation for shares of Fevertree from 'buy' to 'hold', telling clients that they now saw "limited upside" in the share price.
Morgan Stanley upgrades Hargreaves Lansdown
Morgan Stanley has upgraded its rating on Hargreaves Lansdown, in line with a steepening in the UK rates curve.
Broker tips: Asos, Aptitude Software, Britvic, Dunelm
Peel Hunt downgraded its stance on Asos on Monday to 'add' from 'buy' and slashed its price target for the stock to 5,000. 0p from 6,500. 0p after the online fashion retailer announced the departure of its chief executive and warned on profits.
J.P. Morgan says weakness in stock market indices will not persist
Equity strategists at JP Morgan reiterated their forecast for a "significant" internal rotation heading into year-end, further telling clients that fears of stagflation might soon ease and that weakness in stock market indices was unlikely to last.
Peel Hunt downgrades Asos, cuts price target after profit warning
Peel Hunt downgraded its stance on Asos on Monday to ‘add’ from ‘buy’ and slashed the price target to 5,000p from 6,500p after the online fashion retailer announced the departure of its chief executive and warned on profits.
Berenberg initiates coverage on 'home and living' retailers
Analysts at Berenberg initiated coverage on a number of UK-based retailers on Monday following two "boom years" for the "home and living" sector as a result of the Covid-19 pandemic.
Canaccord Genuity raises target price on Aptitude Software following MPP Global acquisition
Analysts at Canaccord Genuity raised their target price on software firm Aptitude Software from 785. 0p to 845. 0p on Monday, stating it had added "more ooMPPh to the SaaS" with its acquisition of privately-held UK-based outfit MPP Global.
RBC Capital downgrades Britvic, slashes price target
Britvic shares fizzed lower on Monday after RBC Capital Markets downgraded the drinks maker to ‘sector perform’ from ‘outperform’ and slashed the price target to 870p from 1,060p, citing mounting headwinds.
Broker tips: Marks & Spencer, Hotel Chocolat, Tullow Oil, Enquest
Peel Hunt upgraded Marks & Spencer to 'add' from 'hold' on Friday and lifted the price target to 190. 0p from 150. 0p following the retailer’s capital markets day.
European natural gas futures may still be headed higher, Goldman says
You can take Russian officials' remarks on natural gas at face value but prices in Europe may still be headed higher before additional supplies arrive, Goldman Sachs said.
BoA reiterates negative stance on European stocks, but stays overweight banks and airlines
Analysts at Bank of America reiterated their negative view on European equities, telling clients that macro uncertainty was on the rise and economic growth momentum set to weaken, but stayed 'overweight' on lenders' and airline shares.
Jefferies upgrades Tullow, EnQuest to 'buy'
Jefferies upgraded Tullow Oil and EnQuest on Friday as it took a look at the oil and gas exploration and production sector, emphasising Serica Energy, Harbour Energy and Kosmos Energy as its preferred ‘buy’ stocks in the sector.
Berenberg raises target price on Hotel Chocolat
Analysts at Berenberg raised their target price on food manufacturer Hotel Chocolat Group from 390. 0p to 430. 0p on Friday, citing "significant retail growth".
Peel Hunt upgrades M&S to 'add'
Peel Hunt upgraded Marks & Spencer to ‘add’ from ‘hold’ on Friday and lifted the price target to 190p from 150p following the retailer’s capital markets day.
Barclays lists Lloyds among its preferred names
Analysts at Barclays believe that UK banks are among those poised to outperform, alongside lenders in France, Netherlands, Austria and the Nordics, with Lloyds being one of their preferred names in the space thanks to its high profitability.