Broker Tips
Credit Suisse hikes target for Bunzl as inflation boosts sales
Analysts at Credit Suisse bumped-up their target price for shares of distribution products and services specialist Bunzl on the back of its recent above-trend growth in sales on the back of inflation, from 2,900. 0p to 3,050. 0p.
Broker tips: Rio Tinto, Volex
Analysts at Berenberg downgraded mining giant Rio Tinto from 'buy' to 'hold' on Thursday, stating steel demand headlines had tempered sentiment.
Berenberg lowers National Grid to 'hold'
Analysts at Berenberg downgraded National Grid from 'buy' to 'hold' on Thursday, stating the stock was 'high enough for now'.
Berenberg downgrades Rio Tinto to 'hold', cites steel demand headlines
Analysts at Berenberg downgraded mining giant Rio Tinto from 'buy' to 'hold' on Thursday, stating steel demand headlines had tempered sentiment.
Canaccord Genuity lowers target price on Volex
Analysts at Canaccord Genuity lowered their target price on electronic connector manufacturer Volex from 510. 0p to 440. 0p on Thursday but said the firm appeared to be "well on track" to exceed its five-year plan.
Broker tips: Wizz Air, Prudential
Analysts at Berenberg slashed their target price on low-cost carrier Wizz Air from 4,400. 0p to 3,500. 0p on Wednesday, stating it was sitting on its hands despite a recent pullback in share price.
Berenberg lowers target price on Wizz Air
Analysts at Berenberg slashed their target price on low-cost carrier Wizz Air from 4,400. 0p to 3,500. 0p on Wednesday, stating it was sitting on its hands despite a recent pullback in share price.
Deutsche Bank lowers target price on Prudential
Analysts at Deutsche Bank lowered their target price on insurance company Prudential from 1,550. 0p to 1,475. 0p on Wednesday but said "brighter skies" were ahead.
Broker tips: ITV, Kainos
Analysts at Berenberg downgraded broadcaster ITV from 'hold' to 'sell' on Tuesday, stating it now thinks consensus estimates are too high, particularly in respect of 2023.
Canaccord Genuity lowers target price on Kainos
Analysts at Canaccord Genuity lowered their target price on software and services outfit Kainos from 1,880. 0p to 1,400. 0p on Tuesday following a trading update from the group.
Berenberg lowers ITV to 'sell', halves target price
Analysts at Berenberg downgraded broadcaster ITV from 'hold' to 'sell' on Tuesday, stating it now thinks consensus estimates are too high, particularly in respect of 2023.
Broker tips: Asos, Bunzl
Analysts at Deutsche Bank slashed their target price on clothing retailer Asos from 3,850. 0p to 2,900. 0p on Thursday, stating there were "a number of challenges" facing the stock's investment case.
Deutsche Bank slashes target price on Asos
Analysts at Deutsche Bank slashed their target price on clothing retailer Asos from 3,850. 0p to 2,900. 0p on Thursday, stating there were "a number of challenges" facing the stock's investment case.
Berenberg downgrades Bunzl to 'hold'
Analysts at Berenberg lowered their rating on business services outfit Bunzl on Thursday, stating the stock had gone from "one extreme to another".
Barclays lowers target price on Dr Martens
Analysts at Barclays cut their target price on iconic bootmaker Dr Martens from 480. 0p to 360. 0p on Wednesday but said it still sees as much as 50% upside to the stock's current price.
Broker tips: Dr Martens, Hammerson, ITM Power
Analysts at Barclays cut their target price on iconic bootmaker Dr Martens from 480. 0p to 360. 0p on Wednesday but said it still sees as much as 50% upside to the stock's current price.
JPMorgan upgrades Derwent and GPE, downgrades Landsec
JPMorgan Cazenove upgraded Great Portland Estates and Derwent London on Wednesday, but downgraded Landsec as it took a look at London office space.
RBC Capital Markets upgrades ITM Power to 'outperform'
RBC Capital Markets upgraded ITM Power on Wednesday to ‘outperform’ from ‘sector perform’ and hiked the price target to 500p form 300p.
JPMorgan downgrades Hammerson, cites deteriorating consumer outlook
JPMorgan Cazenove downgraded shares of shopping centre owner Hammerson on Wednesday to ‘underweight’ from ‘neutral’, citing a deteriorating consumer outlook and higher borrowing cost risk.
Broker tips: AstraZeneca, Rolls Royce
Analysts at Berenberg raised their target price on AstraZeneca shares from £100 to £120 on Tuesday, stating the stock was now "hot to trop".