Broker Tips
Depth of economic recession and geopolitical risks are key for 2H outlook, BofA says
Bank of America strategists' contrarian stock market timing models continued to flash 'buy' across the latest week, but risks were not absent.
Broker tips: CapCo, Shaftesbury, Abrdn, Jupiter Fund Management
Analysts at Berenberg lowered their target prices on both Capital & Counties and Shaftesbury on Friday as it took a fresh look at the UK real estate sector.
Berenberg lowers target price on CapCo and Shaftesbury
Analysts at Berenberg lowered their target prices on both Capital & Counties and Shaftesbury on Friday as it took a fresh look at the UK real estate sector.
Citi downgrades Abrdn, Jupiter to 'sell'
Citi downgraded Abrdn and Jupiter Fund Management to ‘sell’ from ‘neutral’ on Friday as it took a look at European asset managers.
Broker tips: National Grid, Intertek, Pan African Resources
Analysts at Jefferies downgraded utility company National Grid from 'buy' to 'hold' on Thursday, stating pressures on regulated returns and rising real yields both presented headwinds for the group.
Berenberg slightly raises target price on Pan African Resources
Analysts at Berenberg slightly raised their target price on precious metals group Pan African Resources from 28. 0p to 33. 0p on Thursday following "positive" results from a definitive feasibility study on the Mogale part of its Mintails project in South Africa.
JPMorgan downgrades Intertek to 'neutral' from 'overweight'
JPMorgan Cazenove downgraded Intertek on Thursday to ‘neutral’ from ‘overweight’ as it took a look at the testing, inspection and certification sector.
Jefferies downgrades National Grid to 'hold'
Analysts at Jefferies downgraded utility company National Grid from 'buy' to 'hold' on Thursday, stating pressures on regulated returns and rising real yields both presented headwinds for the group.
Broker tips: Diageo, Just Eat Takeaway, Carnival
Deutsche Bank downgraded Diageo on Wednesday to 'sell' from 'hold' and cut its price target on the stock to 3,230. 0p from 4,050. 0p as its analysts argued the stock was "priced for perfection" and "due for deceleration".
Carnival shares could hit $0 in face of 'demand shock', says Morgan Stanley
Morgan Stanley slashed its price target on shares of cruise operator Carnival on Wednesday to $7 from $13, maintaining its ‘underweight’ rating and staying cautious following "another chunky forecast cut".
Deutsche Bank downgrades Diageo to ‘sell’
Deutsche Bank downgraded Diageo on Wednesday to ‘sell’ from ‘hold’ and cut the price target to 3,230p from 4,050p as it argued the stock was "priced for perfection" and "due for deceleration".
Broker tips: Marks Electrical, Severn Trent, Softcat
Analysts at Berenberg initiated coverage on online retailer Marks Electrical Group at 'buy' on Tuesday, stating the group was now "making its mark".
Shore Cap initiates Softcat coverage at 'buy'
Shore Capital has initiated coverage on Softcat with a ‘buy’ recommendation, the broker said on Tuesday.
JPMorgan downgrades Severn Trent as it turns cautious on water sector
JPMorgan Cazenove downgraded Severn Trent on Tuesday as it took a look at the UK water sector.
Berenberg on initiates coverage on Marks Electrical at 'buy'
Analysts at Berenberg initiated coverage on online retailer Marks Electrical Group at 'buy' on Tuesday, stating the group was now "making its mark".
Broker tips: Big Technologies, Ocado, Go-Ahead Group
Analysts at Berenberg initiated coverage on software-as-a-services firm Big Technologies with a 'buy' rating and 320. 0p target price on Monday, branding the group as "the big disrupter".
Credit Suisse downgrades Ocado, slashes price target
Credit Suisse downgraded Ocado on Monday to ‘neutral’ from ‘outperform’ and slashed the price target to 960p from 1,600p.
Berenberg initiates coverage on Big Tech and LBG Media at 'buy'
Analysts at Berenberg initiated coverage on software-as-a-services firm Big Technologies with a 'buy' rating and 320. 0p target price on Monday, branding the group as "the big disrupter".
RBC Capital Markets lowers Go-Ahead to 'sector perform', raises target price
Analysts at RBC Capital Markets lowered their target price on public transport operator Go-Ahead Group from 'outperform' to 'sector perform' on Monday, stating the risk/reward scenario for the stock now looked more balanced.
BofA's contrarian 'Breadth Rule' triggers buy signal
Another one of Bank of America's contrarian equity strategy indicators moved into 'buy' territory over the past week, the investment bank's analysts said.
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