Broker Tips
Broker tips: Cineworld, Dixons Carphone, Shearwater, BT, TalkTalk and Vodafone
JPMorgan Cazenove downgraded shares of Cineworld to ‘neutral’ from ‘overweight’ on Monday and slashed the price target to 90p from 300p after the company shut the doors to its cinemas due to the coronavirus outbreak.
Read full storyJPMorgan says 75% chance Rolls-Royce may need to issue equity
There’s a 75% chance that Rolls-Royce will need to issue equity, JPMorgan Cazenove said on Monday in a note on the European civil aerospace sector.
Read full storyBarclays cuts BT, TalkTalk and Vodafone price targets
Barclays cut its price targets for BT, TalkTalk and Vodafone as the bank reviewed risks to telecoms companies' guidance and dividends from the Covid-19 crisis.
Read full storyBerenberg lowers target price on Shearwater despite 'reassuring trading update'
Analysts at Berenberg lowered their target price on software provider Shearwater Group from 500. 0p to 400. 0p on Monday despite the firm's "reassuring trading update" from last week.
Read full storyMonday broker round-up
Cineworld Group: JP Morgan downgrades to neutral with a target price of 90p.
Read full storyJPMorgan downgrades Cineworld, slashes price target
JPMorgan Cazenove downgraded shares of Cineworld to ‘neutral’ from ‘overweight’ on Monday and slashed the price target to 90p from 300p after the company shut the doors to its cinemas due to the coronavirus outbreak.
Read full storyRBC Capital downgrades Dixons Carphone
RBC Capital Markets downgraded its stance on shares of Dixons Carphone to ‘underperform’ from ‘sector perform’ on Monday, cutting the price target to 75p from 90p.
Read full storyDeutsche Bank cuts price targets for Flutter, GVC and William Hill
Deutsche Bank cut its price targets for Flutter, GVC and William Hill to take account of the wave of cancelled sporting events caused by the Covid-19 crisis.
Read full storyDeutsche sees hope for equities but HSBC predicts earnings 'hammer blow'
Deutsche Bank said equity markets were pricing in declines in activity and earnings but HSBC was more cautious as it predicted a "hammer blow" for earnings from the Covid-19 crisis.
Read full storyBodycote could do well in 2021 recovery, JP Morgan says
Bodycote is in a position to do well in a recovery from the Covid-19 crisis, JP Morgan said as it upgraded the company's shares to 'neutral'.
Read full storyEquity markets could rise 15% by end of 2020, Credit Suisse says
Equity markets could be 15% higher by the end of 2020 as government support for the economy pushes investors into real assets, Credit Suisse said in a strategy note.
Read full storyCiti warns airlines face punitive government bailouts
Airlines are heading for tough government bailouts to save them from the coronavirus crisis, Citi analysts said as they recommended buying shares of Ryanair and Wizz Air and put 'sell' ratings on Lufthansa and Air France-KLM.
Read full storyBroker tips: ABF, Tobacco stocks
ShoreCap reiterated its 'buy' recommendation for shares of Associated British Foods, hailing its "exceptionally good liquidity".
Read full storyShoreCap says ABF well positioned to 'ride out a notable storm'
ShoreCap reiterated its 'buy' recommendation for shares of Associated British Foods, hailing its "exceptionally good liquidity".
Read full storyTobacco dividends safe, Citi says
Analysts at Citi said 2020 dividend payouts from the world's largest tobacco companies were safe.
Read full storyMorgan Stanley upgrades IHG, says underperformance 'unwarranted'
Morgan Stanley upgraded its recommendation for shares of InterContinental Hotels Group from 'underweight to 'equalweight', pointing out to clients its "high" liquidity and "low" cash burn, and arguing that the company's headroom on its debt covenants seemed "reasonable".
Read full storyBerenberg upgrades Burford Capital to 'buy'
Berenberg upgraded Burford Capital to 'buy', arguing the litigation finance company's shares had fallen too far.
Read full storyBarclays cuts target prices for European consumer staple stocks
Analysts at Barclays cut their target prices for a wide swathe of European beverage stocks in order to factor-in the impact from the coronavirus epidemic on trading in Europe and the US, as opposed to just China and Asia Travel Retail.
Read full storyBerenberg upgrades Plus500 after two positive updates
Berenberg upgraded its stance on shares of online trading platform Plus500 to ‘buy’ from ‘hold’ on Monday, hiking its price target following two positive updates in two weeks "while many other companies were issuing profit warnings".
Read full storyFriday broker round-up
Bunzl: Credit Suisse downgrades to underperform with a target price of 1,195p.
Read full story