Broker Tips
Citi remains ‘overweight’ UK banks; HSBC and Barclays ‘top picks’
Citi said on Tuesday that it remains ‘overweight’ UK banks, with HSBC and Barclays its top picks, but Standard Chartered its least preferred.
Broker tips: Dr Martens, Diageo, M&S, Next and Sainsbury's
RBC Capital Markets cut its price target on Dr Martens on Monday to 65. 0p from 85. 0p as it reduced estimates following the bootmaker's FY25 guidance.
Jefferies upgrades M&S, Next and Sainsbury’s to 'buy'
Jefferies upgraded its stance on a host of UK retail stocks on Monday.
BAE, QinetiQ could benefit from $95bn US aid package, says JPMorgan
UK-listed defence peers BAE Systems and QinetiQ could both benefit from the recent passing of a $95. 3bn US aid package to Ukraine, Israel and Indo-Pacific partners.
No compelling case to own Diageo right now, says Citi
Diageo's stock was underperforming the wider market on Monday, with comments from Citi likely weighing on sentiment after the bank said it doesn't see upside despite a big drop in the shares over the past year.
RBC Capital cuts Dr Martens price target after profit warning
RBC Capital Markets cut its price target on Dr Martens on Monday to 65p from 85p as it reduced estimates following the bootmaker’s FY25 guidance.
Broker tips: DS Smith, Man Group
Numis downgraded its stance on packaging group DS Smith on Friday to ‘hold’ from ‘buy’ as it said there was insufficient upside to retain a buy rating.
Man Group's Q1 miss was temporary "roadbump", says Jefferies
Shares in Man Group dropped on Friday after the investment management firm reported unexpected net outflows in the first quarter, but that didn't deter Jefferies from reiterating its 'buy' rating for the stock.
Numis downgrades DS Smith to ‘hold’
Numis downgraded its stance on packaging group DS Smith on Friday to ‘hold’ from ‘buy’ as it said there was insufficient upside to retain a buy rating.
Broker tips: Haleon, Warpaint, Deliveroo
HSBC initiated coverage of Haleon on Thursday with a 'buy' rating and 370. 0p price target as it took a look at consumer health stocks, saying the company stands out for its portfolio strength, the quality of its execution and better potential for exploiting new growth avenues.
Deliveroo still a 'sell' despite solid Q1, says Shore Capital
Food delivery platform Deliveroo impressed the market with forecast-beating first-quarter numbers on Thursday, but they weren't enough for Shore Capital to change its 'sell' rating on the stock.
Berenberg initiates coverage of W7 owner Warpaint at ‘buy’
Berenberg initiated coverage of Warpaint on Thursday with a ‘buy’ rating and 550p price target as it said the company’s highly cash-generative business model and debt-free balance sheet support strong top-line growth.
HSBC starts Haleon at 'buy'
HSBC initiated coverage of Haleon on Thursday with a ‘buy’ rating and 370p price target as it took a look at consumer health stocks, saying the company stands out for its portfolio strength, the quality of its execution and better potential for exploiting new growth avenues.
Broker tips: AO World, Asos
Analysts at Canaccord Genuity raised their target price on electrical retailer AO World from 52. 0p to 75. 0p on Wednesday after the group's trading update last week led the broker to adjust its FY24-26 estimates.
Berenberg lowers target price on Asos
Over at Berenberg, analysts lowed their target price on fast fashion retailer Asos from 510. 0p to 490. 0p on Wednesday as it lowered its gross margin assumptions to reflect the negative impact of discounting during the first half of the fiscal year.
Canaccord Genuity raises target price on AO World
Analysts at Canaccord Genuity raised their target price on electrical retailer AO World from 52. 0p to 75. 0p on Wednesday after the group's trading update last week led the broker to adjust its FY24-26 estimates.
Broker tips: Everyman Media, Yellow Cake, Kainos
Everyman Media is "well positioned for future success", according to Canaccord Genuity, which reiterated a 'buy' rating on the company following its 2023 results on Tuesday.
Berenberg lowers target price on Kainos
Analysts at Berenberg lowered their target price on software company Kainos from 1,315. 0p to 1,260. 0p on Tuesday following the group's full-year trading update on 15 April.
Berenberg stays at 'buy' on Yellow Cake on tight supplies and supply risk
Analysts at Berenberg stood by their 'buy' recommendation for shares of Yellow Cake, the uranium oxide concentrate holding company, following a fireside chat with its boss, Andre Liebenberg.
Everyman's growth trajectory on track, says Canaccord Genuity
Everyman Media is "well positioned for future success", according to Canaccord Genuity, which reiterated a 'buy' rating on the company following its 2023 results on Tuesday.