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Broker tips

Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Broker tips: Direct Line, Morgan Advanced Materials, Melrose Industries, Pan African Resources
(Sharecast News) - Jefferies downgraded Direct Line on Tuesday to 'hold' from 'buy' and cut its price target on the stock to 165.0p from 235.0p, stating the industry-wide turn to deflation meant that the time to raise prices ahead of inflation without materially contracting the policy count has now passed.
Broker tips: Trustpilot, Ceres Power, Vistry
(Sharecast News) - Deutsche Bank initiated coverage of review platform Trustpilot on Monday with a 'buy' rating and 331p price target.
Broker tips: Auto Trader, Great Portland Estates, Relx
(Sharecast News) - Analysts at Berenberg lowered their target price on Auto Trader from 880.0p to 830.0p on Friday, stating the group's "noisy" H1 had raised questions.
Broker tips: Burberry, Smith and Nephew, 3i Group
(Sharecast News) - RBC Capital Markets upgraded Burberry on Wednesday to 'outperform' from 'sector perform' and hiked its price target on the stock to 900.0p from 650.0p.
Broker tips: Water companies, Close Bros, Melrose
(Sharecast News) - UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat's Final Determinations next month.
Broker tips: Fresnillo, Smith and Nephew, 3i Group
(Sharecast News) - Canaccord Genuity downgraded Fresnillo on Monday to 'hold' from 'buy' as it pointed to a strong run over the past three to six months.
Broker tips: Warpaint, Schroders, Braemar, Morgan Sindall
(Sharecast News) - RBC Capital Markets initiated coverage of Warpaint on Friday with an 'outperform' rating and 685.0p price target.
Broker tips: Nexteq, Lloyds
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on business-to-business technology firm Nexteq from 200.0p to 110.0p on Friday, citing short-term headwinds.
Broker tips: Bridgepoint, Elementis, IAG, EasyJet
(Sharecast News) - Citi downgraded its stance on alternative asset fund management group Bridgepoint on Wednesday to 'neutral' as it said there were limited near-term catalysts after the shares have risen 80% over the past year.
Broker tips: TI Fluid Systems, RWS Holdings, Melrose Industries
(Sharecast News) - Jefferies downgraded its stance on TI Fluid Systems on Tuesday to 'hold' from 'buy' and cut its target price on the stock from 215.0p following a takeover proposal from ABC Technologies.
Broker tips: Trainline, Softcat
(Sharecast News) - Shore Capital has reiterated its 'buy' rating for Trainline after the bookings platform upgraded its full-year guidance on Monday, predicting significant upside for the stock from current levels.
Broker tips: SSE, Flutter Entertainment
(Sharecast News) - Analysts at Berenberg raised their target price on bookmaker Flutter Entertainment from 18,800.0p to 20,300.0p on Friday as it updated its estimates for the group's mid-term targets.
Broker tips: International Capital Group, Quilter
(Sharecast News) - Berenberg started coverage of capital asset manager International Capital Group at 'buy' on Thursday with a 2,600p price target.
Broker tips: Ibstock, Forterra, Volution
(Sharecast News) - Jefferies upgraded both Ibstock and Forterra on Wednesday to 'buy' from 'hold' "given the current compelling demand-supply dynamic in the UK brick sector".
Broker tips: SSE, Morgan Sindall
(Sharecast News) - Analysts at Berenberg hiked their target price on utilities giant SSE from 2,100.0p to 2,300.0p on Tuesday, stating the group's quasi-regulated business mix had served it well through the energy market turmoil of recent years.
Broker tips: Intertek, Cerillion, Future, Midwich
(Sharecast News) - RBC Capital Markets downgraded Intertek on Monday to 'sector perform' from 'outperform' and cut its price target on the stock to 5,000.0p from 5,200.0p.
Broker tips: Rio Tinto, Bunzl
(Sharecast News) - Analysts at Berenberg lowered their target price on mining giant Rio Tinto from 6,200.0p to 6,000.0p on Friday following the group's Q3 operational review.
Broker tips: Plus500, Quilter
(Sharecast News) - Analysts at Canaccord Genuity downgraded capital markets business Plus500 from 'speculative buy' to 'hold' on Thursday but hiked their target price on the stock from 1,883.0p to 2,650.0p ahead of the group's Q3 trading update on 28 October.
Broker tips: On The Beach, Bellway
(Sharecast News) - Canaccord Genuity lowered its target price on packaged holidays business On The Beach from 220.0p to 187.0p following the group's recent trading update.
Broker tips: Bodycote, NatWest, Lloyds, National Grid
(Sharecast News) - RBC Capital Markets has upgraded its rating Bodycote following recent weakness in the share price, saying that the stock looks "attractive value" in spite of end-market headwinds.
Broker tips: Wizz Air, JD Sports, Bunzl
(Sharecast News) - Analysts at Citi placed budget carrier Wizz Air on 'negative catalyst watch' on Monday, stating it now sees downside risk to the group's FY25 guidance.
Broker tips: Aston Martin Lagonda, Burberry, Johnson Matthey
(Sharecast News) - Jefferies downgraded its stance on Aston Martin Lagonda on Thursday to 'hold' from 'buy' and cut the price target to 120.0p from 25.00p as it said it struggles to see a scenario that does not require new equity.
Broker tips: Watches of Switzerland, Avation, Experian
(Sharecast News) - Deutsche Bank upgraded Watches of Switzerland on Thursday to 'buy' from 'hold' and lifted its price target on the stock to 490.0p from 435.0p as it said now was the right time to revisit the WOSG investment case and its mid-term growth potential.
Berenberg lowers target price on Big Technologies
(Sharecast News) - Analysts at Berenberg lowered their target price on technology platform operator Big Technologies from 155.0p to 140.0p on Wednesday but said it was more optimistic going into FY25 following a "tough" H1.
Broker tips: Big Technologies, EasyJet, Kitwave
(Sharecast News) - Analysts at Berenberg lowered their target price on technology platform operator Big Technologies from 155.0p to 140.0p on Wednesday but said it was more optimistic going into FY25 following a "tough" H1.
Canaccord Genuity raises target price on Kitwave following Creed Catering acquisition
(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on foodservice wholesaler Kitwave from 455.0p to 495.0p on Wednesday following the group's £70.0m cash acquisition of Creed Catering Supplies.
Broker tips: Currys, Essentra
(Sharecast News) - Canaccord Genuity has initiated coverage on workforce benefits and health insurance provider Personal Group on Tuesday with a 'buy' rating and 209.0p target price.
Broker tips: Currys, Spirent Communications
(Sharecast News) - Berenberg lifted its price target on Currys on Monday to 125.0p from 92.0p as it pointed to confidence in both the growth outlook and improving cash generation.
Broker tips: Volution, UK supermarkets
(Sharecast News) - Berenberg lifted its price target on Volution on Friday to 700.0p from 600.0p after it announced an agreement to buy Fantech Group in Australasia from Elta Group for up to AUD $280.0m (£144.0m).
Broker tips: Ashtead, JTC
(Sharecast News) - Analysts at Berenberg initiated coverage on industrial and speciality equipment rental group Ashtead with a 'buy' rating and 7,000.0p target price on Thursday, calling it the highest-quality company in the rentals sector.
Broker tips: Hammerson, Marshalls, Warpaint London
(Sharecast News) - Citi upgraded Hammerson to 'buy' from 'neutral' on Wednesday and lifted the price target to 43.0p from 26.0p, saying it was entering a "new positive up cycle".
Broker tips: Auction Technology, Compass Group, THG
(Sharecast News) - JPMorgan Cazenove upgraded Auction Technology on Tuesday to 'overweight' from neutral' as it argued the shares are overly discounting earnings risk into 2025.
Broker tips: Marks & Spencer, JTC
(Sharecast News) - RBC Capital Markets lifted its price target on Marks & Spencer on Monday to 400p from 350p as it raised estimates on the 'outperform' rated stock, pointing to sales momentum and the recent re-rating of the UK food retail sector.
Broker tips: James Fisher and Sons, Trainline
(Sharecast News) - Canaccord Genuity has cut its rating for James Fisher and Sons from 'buy' to 'hold', saying that the marine engineering services group still has a long way to go in its turnaround.
Broker tips: Rotork, Trustpilot
(Sharecast News) - JPMorgan Cazenove upgraded Rotork on Wednesday to 'overweight' from 'neutral' and lifted its price target on the stock to 370.0p from 365.0p.
Broker tips: Asos, The Pebble Group
(Sharecast News) - Barclays downgraded Asos to 'underweight' from 'equalweight' and cut its price target to 290.0p from 300.0p as it said the online fashion retailer was no longer just a refinancing story.
Broker tips: Rightmove, Burberry
(Sharecast News) - Jefferies upgraded Rightmove on Monday to 'hold' from 'underperform' and lifted its price target on the stock to 720.0p from 450.0p as it said an offer was "probable" after Australia's REA Group confirmed it was considering a possible cash and share offer for the property portal.
Broker tips: Melrose Industries, Zephyr Energy, Entain
(Sharecast News) - Morgan Stanley initiated coverage of Melrose Industries on Friday at 'equalweight' with a 500.0p price target, noting that a strong aftermarket narrative supported its belief that profit and loss would come in 6-10% above consensus by 2027.
Broker tips: Coats Group, Ecora Resources
(Sharecast News) - Analysts at Berenberg raised their target price on thread and structural components' manufacturer Coats Group from 120.0p to 135.0p on Thursday after the group announced that its UK pension scheme was now fully de-risked, a long-awaited catalyst for the stock.
Berenberg slightly raises target price on Coats Group
(Sharecast News) - Analysts at Berenberg raised their target price on thread and structural components' manufacturer Coats Group from 120.0p to 135.0p on Thursday after the group announced that its UK pension scheme was now fully de-risked, a long-awaited catalyst for the stock.
Broker tips: Dalata Hotel Group, DS Smith
(Sharecast News) - Analysts at Berenberg lowered their target price on hotels operator Dalata Hotel Group from 510.0p to 480.0p on Wendesday but applauded the group's "resilient H1 performance".
Broker tips: Hikma Pharmaceuticals, Judges Scientific, Michelmersh Brick
(Sharecast News) - Berenberg upgraded Hikma Pharmaceuticals on Tuesday and lifted the price target to 2,400.0p from 2,100.0p as it said "clear progress" had been made.
Broker tips: Rightmove, Bodycote
(Sharecast News) - Shore Capital reiterated its 'buy' rating on Rightmove on Monday after Australia's REA Group confirmed it was considering an offer for the UK property platform, highlighting the opportunities for shareholders whether or not a takeover happens.
Broker tips: Grafton, Life Sciences REIT
(Sharecast News) - Analysts at Berenberg hiked their target price on building materials company Grafton from 1,100.0p to 1,200.0p on Friday, citing an "attractive opportunity".
Broker tips: Close Brothers, Bunzl
(Sharecast News) - Close Brothers surged on Thursday as RBC Capital Markets upgraded the shares to 'outperform' from 'sector perform' and hiked the price target to 620.0p from 375.0p, citing a number of potential catalysts.
Broker tips: Kingfisher, GSK, Braemar
(Sharecast News) - Citi downgraded Kingfisher to 'neutral' from 'buy' on Wednesday as it cited limited scope for near-term upgrades.
Broker tips: Bunzl, AB Foods, Flutter
(Sharecast News) - Bunzl shares surged to an all-time high on Tuesday after a stronger-than-expected set of half-year results and a new share buyback programme, but that wasn't enough to change Jefferies' negative view on the stock.
Berenberg initiates coverage on Smiths Group at 'hold'
(Sharecast News) - Analysts at Berenberg initiated coverage on diversified engineering business Smiths Group with a 'hold' rating and 1,757.0p target price on Friday, stating the firm's diversification provides some relative earnings resilience but reckons stronger performance exists elsewhere in the sector.
Broker tips: Admiral, Derwent London, Segro
(Sharecast News) - Jefferies upgraded Admiral on Thursday to 'hold' from 'underperform' and lifted its price target on the stock to 3,025.0p from 2,300.0p as it upped its earnings per share forecasts.
Broker tips: BT, Admiral, Victrex, Agronomics
(Sharecast News) - JPMorgan has reiterated its 'outperform' rating and 290.0p target price on BT Group despite competition concerns hitting the stock following the announcement that Sky has signed a wholesale deal with CityFibre.
Broker tips: Judges Scientific, Serco
(Sharecast News) - Analysts at Berenberg hiked their target price on scientific instruments business Judges Scientific from 12,000.0p to 12,400.0p on Tuesday following the firm's acquisition of Teer Coatings holding company Magsputter.
Director dealings: Audioboom chairman raises stake
(Sharecast News) - Audioboom revealed on Tuesday that chairman Michael Tobin had acquired 5,000 ordinary shares in the AIM-listed podcast group.
Broker tips: DCC, FRP Advisory, Begbies Traynor
(Sharecast News) - RBC Capital Markets upgraded DCC on Thursday to 'outperform' from 'sector perform' and lifted the price target to 5,800.0p from 5,700.0p following recent weakness.
Broker tips: Synthomer, Beeks Financial Cloud
(Sharecast News) - Analysts at Berenberg lowered their target price on chemicals company Synthomer from 375.0p to 340.0p on Wednesday after the group's interim earnings "delivered both grounds for hope and reasons for caution".
Broker tips: Hikma, Admiral, Bridgepoint
(Sharecast News) - Analysts at Berenberg raised their target price on Hikma Pharmaceuticals from 2,000.0p to 2,100.0p on Tuesday following an "impressive" H1 performance.
Broker tips: JD Sports, Quilter, Diageo
(Sharecast News) - Deutsche Bank downgraded its recommendation for shares of JD Sports from 'hold' to 'sell' due to what it saw as the inevitable cost of growing the business and trimmed their target price of 115.0p.
Broker tips: FeverTree, Future, Spirax Group
(Sharecast News) - Citi cut its price target on Fever-Tree on Friday to 950.0p from 1,115.0p citing slight model changes and an adjustment to its price-to-earnings valuation method.
Broker tips: Endeavour Mining, Glencore
(Sharecast News) - Analysts at Berenberg lowered their target price on gold miner Endeavour Mining from 2,500.0p to 2,100.0p on Thursday as they rebased their estimates on the stock.
Broker tips: Frontier Developments, Spirent Communications
(Sharecast News) - Analysts at Berenberg upgraded video games business Frontier Developments from 'hold' to 'buy' on Wednesday and hiked their target price on the stock from 300.0p to 330.0p, stating the group's pipeline had now de-risked the equity story.
Broker tips: Rolls-Royce, YouGov, Endeavour Mining
(Sharecast News) - Rolls-Royce rallied on Tuesday as JPMorgan Cazenove hiked its price target on the stock to 535.0p from 475.0p "after another set of strong results".
Broker tips: Serco, Ecora Resources
(Sharecast News) - JPMorgan Cazenove reinstated coverage on Serco on Monday with an 'overweight' rating and a target price of 215.0p.
Broker tips: ITM Power, Coats Group, Ryanair
(Sharecast News) - RBC Capital Markets reiterated its 'outperform' rating on ITM Power on Friday as it pointed to a "relatively attractive" risk/reward profile.
Broker tips: Diageo, LondonMetric, Spectris
(Sharecast News) - Diageo's stock was attempting a rebound on Wednesday after a sell-off the previous session as its full-year results disappointed, but that didn't stop Citi from reiterating its 'buy' recommendation on the stock.
Broker tips: Flutter Entertainment, Howden Joinery, Hochschild Mining, Man Group
(Sharecast News) - Citi opened a 30-day "positive catalyst watch" on shares of Flutter Entertainment on Tuesday ahead of its results on 13 August.
Broker tips: Natwest, Drax, M&S, Currys
(Sharecast News) - Analysts at Berenberg hiked their target price on banking group Natwest from 350.0p to 415.0p on Monday following the group's "comprehensively strong" Q2 results last week.
Broker tips: Lloyds Banking Group, Unilever
(Sharecast News) - RBC Capital Markets downgraded Lloyds Banking Group on Friday to 'sector perform' from 'outperform' after the shares hit its 60.0p price target.
Broker tips: Ascential, CAB Payments
(Sharecast News) - Analysts at Berenberg upgraded business-to-business media firm Ascential to 'buy' from 'hold' and hiked their target price on the stock to 568.0p from 395.0p following a takeover offer from Informa.
Broker tips: Volution, Nexteq
(Sharecast News) - Over at Berenberg, analysts hiked their target price on ventilation equipment business Volution to 600.0p from 500.0p on Wednesday following the group's full-year trading update.
Broker tips: SThree, Compass Group
(Sharecast News) - Analysts at Berenberg lowered their target price on specialist staffing organisation SThree from 550.0p to 520.0p on Tuesday but said the group's contract focus offered resilience versus peers.
Broker tips: The Gym Group, MP Evans
(Sharecast News) - Analysts at Berenberg upgraded their stance on The Gym Group from 'hold' to 'buy' on Monday and hiked their target price on the stock from 121.0p to 180.0p, stating the company was "in good shape".
Broker tips: AJ Bell, Dunelm
(Sharecast News) - Analysts at Berenberg hiked their target price on financial services firm AJ Bell from 370.0p to 410.0p on Friday after the group's Q3 earnings on 18 July sent shares up roughly 6% on the day.
Broker tips: Schroders, Babcock, Capita
(Sharecast News) - Morgan Stanley lifted Schroders to 'overweight' from 'equalweight' on Thursday as it took a look at European asset managers.
Broker tips: Rio Tinto, Legal & General
(Sharecast News) - Analysts at Berenberg lowered their target price on mining giant Rio Tinto from 5,800.0p to 5,700.0p on Wednesday following Q2 production results from the company.
Broker tips: Energean, Auction Technology, Domino's Pizza
(Sharecast News) - Analysts at Berenberg lowered their target price on exploration and production company Energean from 1,565.0p to 1,305.0p on Tuesday following the group's disposal of assets in Egypt, Italy and Croatia.
Broker tips: Ocado, Prudential
(Sharecast News) - Bernstein downgraded Ocado on Monday to 'underperform' from 'outperform' and slashed its price target on the stock to 250.0p from 1,000.0p, having been "one of the last bulls standing".
Broker tips: Hays, Softcat, Vodafone, BHP
(Sharecast News) - RBC Capital Markets cut its price target on Hays on Friday after the recruiter said a day earlier that full-year profit was set to be around the bottom end of the market consensus range of £106m to £113m as it posted a drop in fourth-quarter net fees.
Broker tips: Idox, Anglo American
(Sharecast News) - Analysts at Berenberg initiated coverage on software specialist Idox with a 'buy' rating and 81.0p target price on Thursday, citing an attractive geo-spatial opportunity.
Broker tips: Next, Page Group, IAG
(Sharecast News) - Citi has upgraded Next from 'sell' to 'neutral' and hiked its target price by 40% on the back of an improving macro environment in the UK and the retailer's cash position.
Broker tips: Curry's, Anglo American
(Sharecast News) - Deutsche Bank upgraded Currys on Tuesday to 'buy' from 'hold' as it turned more positive on UK retailers.
Broker tips: Shaftesbury Capital, Melrose Industries, LBG Media
(Sharecast News) - Citi has reiterated its 'buy' rating on London-focused property investor and developer Shaftesbury Capital ahead of its interim results in a few weeks, predicting that profits will nearly double over the medium term.
Broker tips: Softcat, Close Brothers, GSK
(Sharecast News) - Analysts at Jefferies downgraded IT infrastructure provider Softcat to 'underperform' on Friday, citing "incremental caution" around the IT services sector.
Broker tips: Card Factory, Forterra, Ibstock, Coca-Cola HBC
(Sharecast News) - Berenberg initiated coverage of Card Factory on Thursday with a 'buy' rating and 154.0p price target as it argued it was a "vastly improved proposition".
Broker tips: 3i Group, Diageo, Direct Line
(Sharecast News) - Morgan Stanley downgraded 3i Group on Wednesday 'equalweight' from 'overweight' and cut the price target to 3,192p from 3,246p as it said the risk/reward is more balanced after a strong run.
Broker tips: Bunzl, National Grid, Sainsbury
(Sharecast News) - Analysts at RBC Capital Markets hiked their target price on distribution group Bunzl from 2,600.0p to 2,700.0p on Tuesday following the company's Q2 trading update.
Broker tips: Trustpilot, Centrica
(Sharecast News) - JPMorgan Cazenove placed Trustpilot shares on 'positive catalyst watch' on Monday ahead of its H1 trading update on 11 July, saying it reckons adjusted underlying earnings will come in ahead of expectations.
Broker tips: WPP, Moonpig
(Sharecast News) - Citi has reiterated its 'buy' call on advertising and media giant WPP after the company rejected a KKR bid to take control of its corporate PR firm FGS Global.
Broker tips: Anglo American, Rio Tinto, Liontrust Asset Management
(Sharecast News) - Berenberg downgraded Anglo American and Rio Tinto on Thursday as it took a look at metals and mining companies.
Broker tips: Future, Whitbread
(Sharecast News) - Future surged on Wednesday as Jefferies upgraded the shares to 'buy' from 'underperform' and hiked the price target to 1,280p from 635p.
Broker tips: Segro, Admiral, Rolls-Royce
(Sharecast News) - Citi has raised its target price for Segro from 1,069p to 1,149p and reiterated a 'buy' rating, hailing the industrial real estate group's structural growth ahead of an upcoming expected fall in interest rates.
Broker tips: Mitie, Rolls-Royce
(Sharecast News) - Shares in facilities management and professional services company Mitie were on the rise on Monday after Deutsche Bank lifted its target price for the stock following the group's better-than-expected annual results.
Broker tips: SSP, Spectris, YouGov
(Sharecast News) - Berenberg downgraded its stance on shares of Upper Crust owner SSP to 'hold' from 'buy' on Thursday and cut the price target to 180p from 280p as it said first-half results outlined earnings risks.
Broker tips: SSP, Rentokil, Aston Martin
(Sharecast News) - Goldman Sachs downgraded SSP on Monday to 'sell' from 'neutral' "on a relative basis" as it took a look at European travel concessions.
Broker tips: Halma, Genuit
(Sharecast News) - Analysts at Berenberg hiked their target price on safety equipment business Halma from 2,295.0p to 2,450.0p on Friday following the group's full-year earnings report a day earlier.
Broker tips: Victrex, Great Portland
(Sharecast News) - Analysts at Berenberg lowered their target price on high performance polymers business Victrex from 1,680.0p to 1,491.0p on Thursday, stating the group was "not out of the woods yet".
Broker tips: Whitbread, GB Group, Renew Holdings, Flutter Entertainment
(Sharecast News) - Jefferies reiterated its 'buy' rating on Whitbread but lowered its target price on the stock to 4,000.0p from 4,200.0p on the back of the hospitality firm's growth plans.
Broker tips: Intertek, GSK, HIkma Pharmaceuticals
(Sharecast News) - Analysts at Berenberg hiked their target price on quality assurance business Intertek from 5,400.0p to 5,500.0p on Tuesday, citing faster-than-expected margin accretion.
Broker tips: DCC, FirstGroup
(Sharecast News) - JPMorgan Cazenove reinstated coverage of DCC on Thursday with an 'overweight' rating and 6,700.0p price target, stating that it was positive on the stock for three reasons.
Broker tips: Pearson, Future, Haleon
(Sharecast News) - Citi opened a 90-day "positive catalyst watch" on Pearson shares on Wednesday as it pointed to an attractive risk/reward.
Broker tips: Future, Melrose Industries
(Sharecast News) - Berenberg upgraded Future on Tuesday to 'buy' from 'hold' and hiked the price target to 1,310p from 850p following "positive" first-half results, which indicated that organic growth has troughed.
Broker tips: AutoTrader, Pets At Home, National Grid, St James's Place, Quilter
(Sharecast News) - Shore Capital has cut its recommendation for online car marketplace Auto Trader from 'hold' to 'sell', saying the stock's valuation is now stretched following a decent run in recent months.
Broker tips: Currys, Trainline, Anglo American
(Sharecast News) - Berenberg upgraded Currys on Thursday to 'buy' from 'hold' and lifted the price target to 90p from 67p as it said the electricals retailer was "a sound way to play the expected improvement in UK retail demand".
Broker tips: Legal & General, Softcat, Fresnillo
(Sharecast News) - Deutsche Bank has reiterated its 'buy' call for financial services and asset management company Legal & General following news of a potential sale of Cala Homes.
Broker tips: Fevertree, LSE Group, Mitchells and Butlers
(Sharecast News) - Goldman Sachs downgraded Fevertree to 'sell' from 'neutral' on Tuesday and cut the price target to 1,050p from 1,075p.
Broker tips: Mondi, BT Group
(Sharecast News) - Citi upgraded its stance on Mondi to 'buy' on Friday, noting that after a difficult couple of years, market headwinds of destocking and lower pricing were reversing across the packaging company's product segments.
Broker tips: Unilever, Integrafin
(Sharecast News) - JPMorgan Cazenove double-upgraded Unilever on Thursday to 'overweight' from 'underweight' and hiked its price target on the stock to 5,100.0p from 3,600.0p after several years of caution on the equity story.
Broker tips: Weir, Assura
(Sharecast News) - Berenberg re-initiated coverage of Weir Group on Wednesday with a 'buy' rating and 2,600p price target as it argued the engineering firm is a "structural winner".
Broker tips: Kainos, Wise
(Sharecast News) - Analysts at Berenberg hiked their target price on software firm Kainos from 1,260.0p to 1,415.0p on Tuesday, citing "resilient profits" and a "positive outlook".
Broker tips: Kistos Energy, Imperial Brands, NatWest, Trainline, Rio Tinto
(Sharecast News) - Analysts at Berenberg slashed their target price on independent energy company Kistos from 455.0p to 305.0p on Monday following the group's full-year results and updated guidance.
Broker tips: FRP Advisory, AutoTrader
(Sharecast News) - Analysts at Berenberg raised their target price on liquidators FRP Advisory from 175.0p to 200.0p on Friday, stating the group's FY24 update delivered "sizeable upgrades".
Broker tips: Travis Perkins, Treatt
(Sharecast News) - Barclays has raised its rating on builders merchant Travis Perkins from 'equal weight' to 'overweight', saying that the stock is an "undervalued UK recovery play".
Broker tips: DCC, Shell
(Sharecast News) - RBC Capital Markets lifted its price target on DCC on Wednesday to 5,800.0p from 5,700.0p after the group published its full-year results a day earlier.
Broker tips: Greggs, Inchcape, Unilever
(Sharecast News) - Shore Capital has maintained a 'hold' rating on Greggs despite a strong start to the year from the bakery chain, saying that the shares look "up with events for now".
Broker tips: BAE Systems, IAG
(Sharecast News) - BAE Systems was under the cosh on Monday after Bank of America Merrill Lynch downgraded shares of the defence company to 'neutral' from 'buy'.
Broker tips: Wood Group, GCP
(Sharecast News) - Analysts at Berenberg raised their target price on engineering and consulting business John Wood Group from 150.0p to 220.0p on Friday following the group's first-quarter trading statement that came hot on the heels of news that it had rejected a takeover bid at 205.0p per share.
Broker tips: NatWest, Helios Towers
(Sharecast News) - NatWest's share-price surge since the start of the year could well continue, according to analysts at Barclays, who hiked their target price for the stock on Thursday.
Broker tips: Astrazeneca, Mondi
(Sharecast News) - Analysts at Berenberg hiked their target price on drugmaker Astrazeneca from 1,200.0p to 1,300.0p on Tuesday, citing the group was "instilling confidence in the revenues of tomorrow".
Broker tips: Shell, Standard Chartered, Team 17, AJ Bell
(Sharecast News) - RBC Capital Markets has raised its forecasts for Shell and kept an 'outperform' rating, saying the business was "firing on most cylinders" in the quarter.
Broker tips: Volution, Videndum
(Sharecast News) - Jefferies reiterated its 'buy' rating and 510.0p target price on Volution on Wednesday as it said the company's ability to drive margins higher, through both revenue mix and efficiency, is more than offsetting the challenging market backdrop to deliver ongoing earning upgrades.
Broker tips: Marlowe, Fevertree
(Sharecast News) - Analysts at Berenberg slightly lowered their target price on software and services firm Marlowe from 720.0p to 710.0p on Tuesday but said the group's divestment of certain Governance, Risk and Compliance software and service assets had left it with a "much cleaner and simpler-to-understand equity story".
Broker tips: JD Sports, NatWest
(Sharecast News) - Barclays downgraded JD Sports on Monday to 'equalweight' from 'overweight' and cut its price target for the stock to 140.0p from 165.0p after the retailer announced the acquisition of US rival Hibbett last week for $1.1bn.
Broker tips: NatWest, Pensionbee, Greggs
(Sharecast News) - Shore Capital reiterated its 'buy' rating on bank NatWest after a forecast-beating first quarter but said it sees the least amount of upside potential in the stock compared with the wider banking sector.
Broker tips: Schroders, Reckitt Group, Jet2
(Sharecast News) - Numis has trimmed its target price for Schroders from 380.0p to 365.0p on Thursday after first-quarter results from the asset management firm were "a little weaker than expected".
Berenberg lowers target price on Reckitt Group
(Sharecast News) - Analysts at Berenberg lowered their target price on household goods manufacturer Reckitt Group from 5,800.0p to 5,100.0p on Thursday, citing limited visibility going forward.
Broker tips: Star Energy, Microlise Group
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on oil and gas extraction firm Star Energy from 55.0p to 66.0p on Wednesday, taking account of new commodity assumptions.
Broker tips: HSBC, Reckitt Benckisser, Watches of Switzerland
(Sharecast News) - Citi said on Tuesday that it remains 'overweight' UK banks, with HSBC one of its top picks.
Broker tips: Dr Martens, Diageo, M&S, Next and Sainsbury's
(Sharecast News) - 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.
Broker tips: DS Smith, Man Group
(Sharecast News) - 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
(Sharecast News) - 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.
Broker tips: AO World, Asos
(Sharecast News) - 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
(Sharecast News) - 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.
Broker tips: Atome, Ceres Power
(Sharecast News) - Analysts at Canaccord Genuity initiated coverage on Atome with a 'speculative buy' rating and 130.0p target price on Monday, stating the company's choice to focus on finished ammonia fertiliser manufacture was "advantaged".
Broker tips: Kingfisher, Darktrace, Marks & Spencer
(Sharecast News) - HSBC upgraded B&Q and Castorama owner Kingfisher to 'buy' from 'hold' and lifted its price target on the stock to 305.0p from 235.0p.
Broker tips: AO World, Spirent Communications, RS Group
(Sharecast News) - Shore Capital upgraded AO World on Wednesday to 'buy' from 'hold' as it said the online electricals company was "emerging as a capital-light cash compounder" within an industry it believes will "accommodate for margin recovery over the short term" and was at a volume trough versus the past ten years.
Broker tips: Halma, Asos, Johnson Matthey
(Sharecast News) - Barclays upgraded Halma to 'overweight' from 'equalweight' on Tuesday and lifted its price target on the stock to 2,650.0p from 2,425.0p.
Broker tips: Wood Group, IWG
(Sharecast News) - Wood Group is "on the right track" with its turnaround, according to Berenberg but the broker still cut its target price for shares of the energy and materials engineering and consulting business following the group's recent results.
Broker tips: Burberry, Ryanair, BT Group
(Sharecast News) - RBC Capital Markets cut its price target on Burberry on Thursday to 1,200p from 1,500p as it reduced estimates ahead of the full-year results, which it said are unlikely to surprise positively.
Broker tips: Segro, GSK
(Sharecast News) - Barclays has upgraded its rating on industrial real estate group Segro by two notches from 'underweight' to 'overweight' as part of its review of the European warehouse sector.
Broker tips: DFS, JD Sports
(Sharecast News) - Analysts at Berenberg downgraded their recommendation for shares of DFS Furniture from 'buy' to 'hold' on anticipation that management's guidance for improved demand in mid-2024 would prove premature.
Broker tips: IAG, Dr. Martens, Ascential
(Sharecast News) - JPMorgan Cazenove placed shares of BA and Iberia owner IAG on 'positive catalyst watch' on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.
Broker tips: IAG, Dr. Martens, Ascential
(Sharecast News) - JPMorgan Cazenove placed shares of BA and Iberia owner IAG on 'positive catalyst watch' on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.
Broker tips: Ashtead, Experian
(Sharecast News) - JPMorgan Cazenove said on Monday that Experian was its top pick in the European business services sector, along with Bureau Veritas, both of which it rates at 'overweight'.
Broker tips: Redrow, St.James's Place
(Sharecast News) - Berenberg has cut its rating for housebuilder Redrow from 'buy' to 'hold' following the company's announced merger with Barratt Developments.
Broker tips: Redrow, IAG, Vistry
(Sharecast News) - RBC Capital Markets downgraded Redrow on Thursday to 'sector perform' from 'outperform' following a period of outperformance and the fact the share price is now linked to that of Barratt Developments.
Broker tips: Sabre Insurance, Close Brothers, Elementis
(Sharecast News) - RBC Capital Markets has lifted its target price for Sabre Insurance from 200p to 220p and reiterated an 'outperform' rating after the company's well-received annual results, hailing the company's ability to continue winning volumes profitably.
Broker tips: Vistry, Focusrite
(Sharecast News) - RBC Capital Markets upgraded its stance on Vistry on Tuesday as it took a fresh look at the house housebuilder following its full-year results.
Broker tips: Team Internet Group, Centrica, Beazley
(Sharecast News) - Analysts at Berenberg slightly raised their target price on global internet company Team Internet Group on Monday after the group's full-year results came in "marginally ahead" of numbers provided at the time of its trading update on 29 January.
Broker tips: Intertek, Mondi, CVS Group
(Sharecast News) - Analysts at Shore Capital downgraded Intertek from 'hold' to 'sell' on Friday following the group's recent results.
Broker tips: Victoria, IG Group
(Sharecast News) - Analysts at Berenberg slashed their target price on floorings manufacturer Victoria from 600.0p to 300.0p on Thursday but reiterated their 'buy' rating on the stock.
Broker tips: Harbour Energy, Intercontinental Hotels, Marlowe, Flutter Entertainment
(Sharecast News) - Berenberg upgraded Harbour Energy on Wednesday to 'buy' from 'hold' and lifted its price target on the stock to 360.0p from 280.0p as it said that cash flow supports higher returns.
Broker tips: Rentokil Initial, Quilter
(Sharecast News) - RBC Capital Markets upped its price target on Rentokil Initial on Tuesday to 590.0p from 575.0p and maintained its 'outperform' rating on the stock.
Broker tips: Admiral, Drax, Marks and Spencer, Virgin Money
(Sharecast News) - Admiral rallied on Monday as Berenberg lifted its price target on the shares to 2,973.0p from 2,961.0p after results last week.
Broker tips: BAE Systems, PZ Cussons, Spirax-Sarco
(Sharecast News) - Analysts at Citi reinstated their 'neutral' rating on defence group BAE Systems on Friday, updating its forecasts following the company's acquisition of Ball Aerospace.
Broker tips: Man Group, Travis Perkins
(Sharecast News) - Numis has lifted its recommendation for investment manager Man Group from 'hold' to 'buy' and hiked its target price from 260.0p to 315.0p, saying that the company's decent short-term investment performance "cannot be ignored".
Broker tips: Experian, IAG
(Sharecast News) - Jefferies has upgraded its rating on Experian from 'hold' to 'buy' and hiked its target price by nearly 40%, saying that growth is at an inflection point for the data analytics and credit ratings agency.
Broker tips: Trustpilot, Clarkson
(Sharecast News) - Analysts at JP Morgan raised their target price on review website operator Trustpilot from 190.0p to 250.0p on Tuesday, stating earnings momentum looked set to continue as the group transitions into a fast-growing free cashflow generator.
Broker tips: Craneware, Spectris, BP
(Sharecast News) - Analysts at Berenberg lifted their target price on software firm Craneware from 2,300.0p to 2,600.0p on Monday, noting that strong momentum had seemingly continued throughout the first half of its trading year.
Broker tips: Hunting, Burberry, Relx
(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on energy supplier Hunting from 400.0p to 450.0p on Friday following the publication of the group's full-year results a day earlier.
Broker tips: Reckitt, St James's Place, Direct Line
(Sharecast News) - Analyst at RBC Capital Markets lowered their target price on consumer goods company Reckitt from 7,500.0p to 7,000.0p on Thursday but reiterated their 'outperform' rating on the stock, stating it was currently "bruised but undervalued".
Broker tips: St James's Place, Intercontinental Hotels Group
(Sharecast News) - Deutsche Numis put its rating on St James's Place under review from 'buy' on Wednesday after the wealth manager's full-year results.
Broker tips: Hikma Pharmaceuticals, Unilever, Rentokil Initial, Flutter Entertainment
(Sharecast News) - Analysts at Berenberg raised their target price on drugmaker Hikma Pharmaceuticals from 1,960.0p to 2,000.0p on Tuesday, citing more stability in its generics unit.
Broker tips: Standard Chartered, Tate & Lyle, Anglo American
(Sharecast News) - Berenberg upped its price target on 'buy' rated Standard Chartered on Monday to 1,050.0p from 1,000.0p as it said that growth and returns are undervalued.
Broker tips: Breedon, Domino's, Trainline, Chemring
(Sharecast News) - Barclays upgraded construction materials company Breedon Group to 'overweight' from 'equalweight' on Friday and hiked its price target for the stock to 450.0p from 380.0p.
Broker tips: Moneysupermarket, Hargreaves Lansdown, Mitchells & Butlers
(Sharecast News) - Berenberg upgraded Moneysupermarket on Thursday to 'buy' from 'hold' and lifted its price target on to 295p from 290p, noting that since it re-initiated coverage on 20 November 2023, shares have declined by 12%.
Broker tips: Genel, Centrica, Barclays
(Sharecast News) - Jefferies upgraded Genel to 'buy' from 'hold' on Wednesday and lifted its price target on the stock to 100.0p from 85.0p, noting that the shares had been volatile of late as various media reports suggesting an imminent reopening of an Iraq-Türkiye export pipeline proved to be incorrect.
Broker tips: Dominos Pizza Group, XP Power, Arrow Exploration
(Sharecast News) - Jefferies upgraded Domino's Pizza Group on Tuesday to 'buy' from 'hold' and lifted its price target on the stock to 430.0p from 410.0p.
Broker tips: Flutter Entertainment, Centrica
(Sharecast News) - Berenberg lifted its price target on Flutter Entertainment to 18,600.0p from 17,000.0p on Monday and reiterated its 'buy' recommendation on the stock as it highlighted strong growth and balance sheet flexibility.
Broker tips: Dowlais, Close Brothers
(Sharecast News) - Barclays initiated coverage of Dowlais on Friday with an 'overweight' rating and a 110.0p price target.
Broker tips: GSK, Kingfisher, Auto Trader, IntegraFin
(Sharecast News) - Analysts at Berenberg hiked their target price on drugmaker GSK from £16.50 to £18.20 on Thursday, stating the group had delivered "a strong performance year-to-date".
Broker tips: DiscoverIE, Wizz Air, Synthomer
(Sharecast News) - RBC Capital Markets initiated coverage of discoverIE on Wednesday with a 'sector perform' rating and 760 price target, as it said the growth outlook remains strong but less differentiated.
Broker tips: GSK, Breedon
(Sharecast News) - Citi has upgraded its rating on vaccines and drugs blue chip GSK to 'buy' while also boosting its earnings estimates, basing its decision on "compelling" data about Blenrep, the group's novel treatment for multiple myeloma, as well as a range of other positive indicators.
Broker tips: Ashmore, Smith & Nephew, AstraZeneca
(Sharecast News) - JPMorgan Cazenove nudged down its price target on Ashmore from 185.0p to 184.0p on Monday and reiterated its 'underweight' rating as it argued that the re-rating has gone too far.
Broker tips: Legal & General, Barclays, Unilever, Keller, Kier
(Sharecast News) - Legal & General was under the cosh on Friday as Citi cut its 2023 earnings per share estimates and opened a 30-day 'negative catalyst watch' on the shares ahead of full-year results on 6 March.
Broker tips: Babcock, Compass, System1
(Sharecast News) - Babcock shot higher on Thursday as JPMorgan Cazenove lifted its price target on the shares to 630p from 610p and upped its earnings per share estimates following the company's capital markets day.
Broker tips: Mattioli Woods, Deltic Energy
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating and 870.0p target price on wealth management firm Mattioli Woods on Wednesday following the group's "solid" interim results a day earlier.
Broker tips: Entain, Flutter, SThree, Sainsbury's
(Sharecast News) - Barclays downgraded Entain on Tuesday to 'equalweight' from 'overweight' and cut the price target to 1,070p from 1,120p, as it said "the recovery is not straightforward".
Broker tips: Land Securities, British Land, Kingfisher
(Sharecast News) - Morgan Stanley upgraded its stance on Land Securities to 'overweight' from 'equalweight' on Monday and reiterated its 'overweight' rating on British Land as it pointed to stabilising property yields
Broker tips: Wise, easyJet, Wizz, BT
(Sharecast News) - Jefferies has upgraded its rating on money transfer specialist Wise to a 'buy' on the back of improving growth prospects.
Broker tips: Next, Marshalls, easyJet
(Sharecast News) - Barclays downgraded Next to 'equalweight' from 'overweight' on Thursday but lifted the price target to 8,500p from 8,250p, as it said the valuation is now reasonable.
Broker tips: Ashtead, Kainos, Future
(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Ashtead on Tuesday and hiked its price target to 6,800p from 5,600p as it argued the risk/reward is now attractive.
Broker tips: Kingfisher, Rotork, IMI, Intertek
(Sharecast News) - RBC Capital Markets downgraded B&Q and Castorama owner Kingfisher on Monday to 'sector perform' from 'outperform'.
Broker tips: EasyJet, Rolls-Royce, Direct Line, Admiral
(Sharecast News) - RBC Capital Markets hiked its price target on easyJet to 540p from 500p on Thursday and lifted estimates after the budget airline's first-quarter update a day earlier.
Broker tips: Greggs, Haleon
(Sharecast News) - Numis initiated coverage of Greggs on Wednesday with a 'hold' rating and 2,560p price target as it said growth was "baked in".
Broker tips: Prudential, Victrex
(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Prudential on Tuesday as it said concerns about the stock reflect fear rather than fundamentals.
Broker tips: Segro, Sage, CMC Markets
(Sharecast News) - Citi upgraded Segro on Monday to 'buy' from 'neutral', saying it estimates that as rates decline, the risk to its previous estimates of deep recession rent declines reverses and it now expects growth.
Broker tips: Yellow Cake, Informa
(Sharecast News) - Analysts at Berenberg raised their target price on uranium group Yellow Cake from 744.0p to 883.0p on Thursday following a fireside chat with chief executive Andre Liebenberg and Dustin Garrow, managing principal at Nuclear Fuel Associates and chief commercial officer of 308 Services.
Broker tips: Drax, Midwich, Smith & Nephew, IMI
(Sharecast News) - Citi downgraded Drax to 'sell' on Wednesday as it argued the shares have re-rated "unjustifiably" on the hope of further government support - a view the bank does not share before the general election.
Broker tips: AstraZeneca, GSK, Persimmon, Crest Nicholson, Premier Foods, Rightmove, Moneysupermarket, Rolls-Royce
(Sharecast News) - UBS has downgraded AstraZeneca and upgraded rival GSK as part of its latest review of the European pharmaceutical sector.
Broker tips: Synthomer, Ceres Power, GCP Infrastructure
(Sharecast News) - Analysts at Berenberg lowered their target price on chemicals business Synthomer from 400.0p to 320.0p on Friday as it lowered its operating profit expectations for 2023-25.
Broker tips: Antofagasta, Entain, JD Wetherspoon, British Land, Land Securities, WPP, EasyJet
(Sharecast News) - RBC Capital Markets upgraded its stance on Chilean copper miner Antofagasta to 'outperform' from 'sector perform' on Thursday and hiked its price target on the stock to 1,800.0p from 1,300.0p.
Broker tips: Barclays, YouGov, Rentokil Initial
(Sharecast News) - Shore Capital has reiterated its 'buy' rating on Barclays after reports emerged that the bank was in the process of cutting around 5,000 jobs.
Broker tips: Melrose, Legal and General, Energean
(Sharecast News) - JP Morgan has placed Melrose on 'positive catalyst watch' ahead of the British manufacturing group's full-year results, saying it expects "good news to keep coming".
Broker tips: AJ Bell, Hargreaves Lansdown, Croda
(Sharecast News) - Citi has placed AJ Bell and Hargreaves Lansdown on "negative catalyst watch" as part of its review of the European diversified and specialty finance sector.
Broker tips: JD Sports, Tullow Oil, EnQuest, Capricorn Energy, Pharos Energy
(Sharecast News) - Shore Capital has placed its 'buy' rating on JD Sports under review after the high street retailer warned on sales and gross margins on Thursday.
Broker tips: Softcat, Experian, Rentokil Initial, GlaxoSmithKline, AstraZeneca
(Sharecast News) - JP Morgan has reiterated its 'underweight' rating and 1,250.0p target price on Softcat following investor feedback on its recent downgrade, saying that the stock is still too expensive given the deteriorating outlook for the IT infrastructure and services provider.
Broker tips: Frasers Group, Admiral
(Sharecast News) - Shore Capital has reiterated its 'buy' recommendation on Frasers Group after the retail conglomerate purchased loss-making fast fashion group Matches this week.
Broker tips: Intertek, BAE Systems
(Sharecast News) - Exane BNP Paribas upgraded Intertek to 'outperform' from 'underperform' on Wednesday, saying it sees 20% upside from a re-rating as the market prices in stronger mid-term earnings per share growth.
Broker tips: Bunzl, Star Energy
(Sharecast News) - Bunzl's recent share-price rebound means the stock is "too expensive", according to RBC Capital Markets which reiterated an 'underperform' position and 2,600.0p target price on the distribution company on Monday.
Broker tips: Currys, Serco
(Sharecast News) - Analysts at Berenberg nudged up their target price on electrical retailer Currys from 62.0p to 64.0p on Friday, stating cost control had delivered margin progression.
Broker tips: Compass, Marston's, Ocado, Hochschild
(Sharecast News) - JP Morgan upgraded its ratings for both catering giant Compass Group and pub and hotel operator Marston's after its latest review of the Europe-listed leisure sector.
Broker tips: WPP, Paragon Banking, CRH
(Sharecast News) - Advertising and media group WPP's share price was weighed down on Wednesday by a ratings cut by JP Morgan from 'overweight' to 'neutral' and slashed its target price for the stock from 1,170.0p to just 850.0p.
Broker tips: Rio Tinto, Spirent Communications, Compass
(Sharecast News) - JPMorgan Cazenove upgraded Rio Tinto on Tuesday as it took a look at metals and mining stocks.
Broker tips: 3i Group, Ocado
(Sharecast News) - RBC Capital Markets initiated coverage of private equity firm 3i Group on Wednesday with an 'outperform' rating and 2,550.0p price target.
Broker tips: Ashtead Technology, Spirax-Sarco, Petrofac, Tesco
(Sharecast News) - Analysts at Canaccord Genuity downgraded subsea equipment rental group Ashtead Technology to 'hold' from 'buy' on Friday but hiked its target price on the stock from 475.0p to 615.0p following what it called "the big one".
Broker tips: Future, NatWest
(Sharecast News) - Canaccord Genuity has cut its recommendation for Future from 'hold' to 'sell' ahead of the specialist media group's annual results next week, saying it sees downside risk to market forecasts.
Broker tips: Anglo American, Direct Line, Aviva, Arrow Exploration
(Sharecast News) - Analysts at Berenberg lowered their target price on precious metals miner Anglo American from 2,500.0p to 2,200.0p on Wednesday ahead of the group's 8 December update.
Broker tips: M&G, B&M, Frasers Group, Frontier Developments
(Sharecast News) - Analysts at Goldman Sachs initiated coverage on investment manager M&G with a 'buy' rating and 240.0p target price on Tuesday, stating it had "attractive growth, capital returns, and valuation".
Broker tips: Entain, Rightmove, Celebrus Technologies
(Sharecast News) - Goldman Sachs double downgraded its stance on Ladbrokes and Coral owner Entain to 'sell' from 'buy' on Monday and slashed its price target on the stock to 820.0p from 1,450.0p, stating it now believes the inflection of fundamentals will take longer to come through, leading it to cut its estimates for FY24/25 earnings per share by around 30%.
Broker tips: Sage, Breedon
(Sharecast News) - Analyst at Canaccord Genuity downgraded software and services firm Sage from 'hold' to 'sell' on Friday, stating the recent share price reaction to its "in-line" set of full-year results and guidance had presented a "compelling" opportunity to take profit.
Broker tips: Sage, Cranswick, BAE Systems
(Sharecast News) - Bank of America has lifted its target price for business software group Sage, saying the company is "ticking all the boxes" with its solid top-line growth, margin expansion and a new share buyback.
Broker tips: JD Sports, HSBC, Videndum
(Sharecast News) - Bank of America Merrill Lynch highlighted JD Sports' "superior market position" in a research note on Wednesday, which it said was not reflected in its current share price.
Broker tips: Softcat, Capital, Admiral, Diploma
(Sharecast News) - JP Morgan has downgraded its rating on Softcat from 'neutral' to 'underweight', stating the IT infrastructure and services provider's slow earnings growth doesn't justify the stock's premium valuation.
Broker tips: Cerillion, Standard Chartered, Currys, Compass
(Sharecast News) - Analysts at Berenberg raised their target price on software firm Cerillion from 1,400.0p to 1,500.0p on Monday on the back of the group's "record year".
Broker tips: Burberry, XP Power, NatWest
(Sharecast News) - RBC Capital Markets cut its price target on Burberry to 1,700.0p from 1,900.0p on Friday after the luxury fashion brand's sales warning a day earlier.
Broker tips: Babcock, Lancashire, B&M European Retail
(Sharecast News) - Bank of America Merrill Lynch reiterated its 'buy' rating on Babcock International on Thursday while trimming its price target on the stock.
Broker tips: M&G, IHG
(Sharecast News) - RBC Capital Markets downgraded M&G on Tuesday to 'sector perform' from 'outperform' and cut the price target to 200p from 220p as it turned more cautious on asset management.
Broker tips: Dr Martens, M&G, Aviva
(Sharecast News) - Dr Martens slumped on Monday after Barclays downgraded shares of the iconic bootmaker to 'equalweight' from 'overweight' and cut the price target to 140p from 174p.
Broker tips: Wizz Air, Smith & Nephew
(Sharecast News) - Analysts at RBC Capital Markets lowered their target price on low-cost carrier Wizz Air from 3,400.0p to 3,200.0p on Friday following the group's interim results.
Broker tips: Unilever, Auto Trader, Rainbow Rare Earths
(Sharecast News) - Barclays upgraded Unilever to 'overweight' from 'equalweight' on Thursday and lifted its price target on the stock to 4,600.0p from 4,300.0p, having turned more positive after digesting chief executive Hein Schumacher's strategy update and targets.
Broker tips: JD Sports, Dunelm, Hikma Pharmaceuticals
(Sharecast News) - Citi initiated coverage JD Sports on Monday with a 'buy' rating as it took a look at European sporting goods.
Broker tips: Howden Joinery, James Fisher, Antofagasta, Rightmove, Smith & Nephew
(Sharecast News) - Berenberg lowered its target price on commercial furniture group Howden Joinery from 870.0p to 835.0p on Friday after the group noted that its outturn was more likely to be at the lower end of consensus estimates.
Broker tips: Jupiter Fund Management, BP
(Sharecast News) - Canaccord Genuity has downgraded Jupiter Fund Management from 'buy' to 'hold' and more than halved its target price on the stock, saying that rising competitive pressures are exacerbating ongoing market challenges.
Broker tips: Asos, BP, Segro, Great Portland Estates
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating on retailer Asos on Wednesday but lowered their target price on the stock from 760.0p to 600.0p even as it said the group was "all geared for growth".
Broker tips: Rolls-Royce, Centrica, Whitbread, IHG, Base Resources
(Sharecast News) - Barclays has raised its stance on engineering giant Rolls-Royce from 'equal weight' to 'overweight' after recent weakness in the share price.
Broker tips: Kodal Minerals, Rightmove, AJ Bell
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on exploration and development firm Kodal Minerals from 1.50p to 1.65p on Monday following the group's new agreement with joint venture partner Hainan Mining to complete the financing package for its Bougouni lithium project.
Broker tips: Reckitt, Trainline
(Sharecast News) - Analysts at Berenberg downgraded personal care group Reckitt on Friday from 'buy' to 'hold', saying it was now "difficult to identify a catalyst".
Broker tips: Ibstock, Lloyds Banking
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on brick maker Ibstock from 170.0p to 150.0p on Thursday following the publication of the group's third-quarter trading update.
Broker tips: Anglo American, IG Design
(Sharecast News) - Analysts at Berenberg cut their target price on Anglo American on Wednesday from 2,600.0p to 2,500.0p, saying the miner's third-quarter production results had sparked "little joy".
Broker tips: Kingfisher, Pets at Home, Rio Tinto, CAB Payments
(Sharecast News) - JPMorgan Cazenove reiterated its 'underweight' rating and 200.0p target price on B&Q owner Kingfisher on Tuesday as it placed the shares on 'negative catalyst watch' ahead of its third-quarter trading update next month.
Broker tips: FirstGroup, The Mission Group, Flutter Entertainment
(Sharecast News) - Analysts at Berenberg raised their target price on transport group FirstGroup from 170.0p to 185.0p on Monday, stating a recent depot visit had reaffirmed their positive view of the business.
Broker tips: Atlantic Lithium, IHG, Wizz Air, Chemring
(Sharecast News) - Canaccord Genuity lowered its target price on exploration and development firm Atlantic Lithium from 80.0p to 75.0p on Friday after the Ghanaian Government awarded it the mining lease for the Ewoyaa lithium project.
Broker tips: Saietta, Rightmove, Hollywood Bowl, Spectris
(Sharecast News) - Canaccord Genuity put its rating on engineering company Saietta 'under review' on Thursday following the publication of the group's full-year results.
Broker tips: Tharisa, XPS Pensions Group
(Sharecast News) - Analysts at Berenberg lowered their target price on mining outfit Tharisa from 190.0p to 150.0p on Tuesday following the publication of the group's fourth-quarter production report.
Broker tips: Ocado, Severn Trent, United Utilities, Pennon, Seeing Machines
(Sharecast News) - Ocado was under the cosh on Monday after Barclays downgraded shares of the online supermarket to 'underweight' from 'equalweight' and slashed the price target to 430p from 680p, pointing to a "particularly challenging" valuation.
Broker tips: Loungers, Hays
(Sharecast News) - Liberum has kept a 'buy' recommendation on Hays despite the recruitment firm failing to meeting expectations with its first-quarter results, but has trimmed its target price slightly from 125p to 120p.
Broker tips: Johnson Matthey, Entain, 888
(Sharecast News) - Berenberg downgraded Johnson Matthey on Thursday to 'hold' from 'buy' as it cut its price target on the stock to 1,650.0p from 2,200.0p, saying the stock was "interesting, but no longer compelling".
Broker tips: BP, Rio Tinto, Hochschild Mining
(Sharecast News) - Barclays said on Tuesday that it expects a positive reaction to the ongoing BP capital markets day.
Broker tips: YouGov, Yellow Cake
(Sharecast News) - Berenberg has slashed its target price for research firm YouGov by 18% but still sees significant upside after recent weakness in the shares.
Broker tips: Judges Scientific, Next, Associated British Foods
(Sharecast News) - Berenberg initiated coverage of Judges Scientific on Monday with a 'buy' rating and 10,400.0p price target, stating it was one of the highest quality companies in the UK mid-cap market, evidenced by its "stellar" track record.
Broker tips: UK stocks, Synthomer, THG
(Sharecast News) - Citi has downgraded its average rating for UK stocks to 'underweight', saying the region's heavy exposure to oil could lead to a raft of earnings downgrades in the near future.
Broker tips: Volution, Spirent Communications
(Sharecast News) - Ventilation equipment manufacturer Volution released its full-year results on Thursday, leading analysts at Berenberg to take a fresh look at the stock.
Broker tips: Aviva, Tesco
(Sharecast News) - Jefferies upgraded Aviva on Wednesday to 'buy' from 'neutral' and lifted the price target by 26% to 480p as it pointed to "turning tides".
Broker tips: Boohoo, Yellow Cake, WPP
(Sharecast News) - Shore Capital has reiterated a 'buy' rating on Boohoo despite the fast-fashion retailer cutting its sales guidance for the year.
Broker tips: BAE Systems, BT, Future
(Sharecast News) - Berenberg upgraded defence contractor BAE Systems on Monday to 'buy' from 'hold' and lifted the price target to 1,170p from 1,050p.
Broker tips: Marks & Spencer, Intertek, Landsec
(Sharecast News) - Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to 'buy' from 'neutral' as it argued the stock is still too cheap and consensus earnings too low.
Broker tips: Drax, Croda, Babcock
(Sharecast News) - JPMorgan Cazenove cut its price target on Drax on Thursday to 740p from 830p as it lowered its valuation for the stock.
Broker tips: Burberry, Whitbread, REITs
(Sharecast News) - Luxury fashion brand Burberry took a hit as both Morgan Stanley and Deutsche Bank cut their price targets on the stock.
Broker tips: Mothercare, Dr Martens
(Sharecast News) - Mothercare's forecast-beating annual results demonstrate "resilience and adaptability" according to Shore Capital, but that wasn't enough to change the broker's 'hold' rating.
Broker tips: JD Sports, Dunelm
(Sharecast News) - Shares in JD Sports Fashion surged on Thursday after the sportswear retailer beat forecasts with its interim results, with broker Shore Capital hailing "significant progress" as it reiterated its 'buy' rating on the stock.
Broker tips: C&C Group, Redrow
(Sharecast News) - Shares in Bulmers and Magners maker C&C Group jumped on Tuesday after the drinks manufacturer delivered a "resilient" and "reassuring" underlying performance in the first half, according to Shore Capital.
Broker tips: Frasers, Trainline, Derwent London, Great Portland Estates
(Sharecast News) - A deal to sell online retailer Missguided to Chinese fast fashion giant Shein could present more opportunities for owner Frasers Group than just an asset disposal, according to broker Shore Capital.
Broker tips: Rio Tinto, Anglo American, Entain, IG
(Sharecast News) - JP Morgan upgraded its rating for Rio Tinto and raised target prices across the iron ore sector after turning more positive on the outlook for iron ore prices.
Broker tips: WOSG, CMC, JD Sports, Spirax-Sarco, beverage stocks
(Sharecast News) - The significant exposure that Watches of Switzerland Group (WOSG) has to Rolex is both the group's main investment appeal and a key risk, according to broker Stifel which kicked off coverage of the stock with a 'hold' rating on Friday.
Broker tips: Sage, B&M, Darktrace
(Sharecast News) - JP Morgan has placed Sage on its "positive catalyst watch" ahead of the accounting software group's fourth-quarter results in November, where it expects to see solid growth with its cloud finance offering Intacct.
Broker tips: B&M, Tesco, Lancashire
(Sharecast News) - JP Morgan cut its performance rating for UK-listed stocks B&M and Tesco as part of its downgrade of the whole European food retail sector.
Broker tips: Hammerson, British Land, Moneysupermarket, UK construction
(Sharecast News) - Morgan Stanley lifted its rating on Hammerson on Monday but downgraded Landsec as it took a look at property stocks.
Broker tips: Quilter, Pearson, Prudential
(Sharecast News) - Citi trimmed its price target for Quilter on Thursday to 68p from 70p and reiterated its 'sell' rating.
Broker tips: Crest Nicholson, Britvic, ConvaTec
(Sharecast News) - Shares in Crest Nicholson were performing strongly on Tuesday as the housebuilder attempts to recover after a profit warning last week which tanked the stock price, with broker Berenberg lifting sentiment after reiterating its 'buy' rating.
Broker tips: Ryanair, 888 Holdings
(Sharecast News) - JPMorgan Cazenove placed Ryanair on 'positive catalyst watch' on Thursday ahead of the airline's capital markets day on 5 September, as it expects it to highlight the strengths of its business model and how it might achieve a circa 30% intra-European share by 2034.
Broker tips: Prudential, National Grid, SSE
(Sharecast News) - Deutsche Bank has cut its target price for insurance giant Prudential ahead of its results next week, but said the stock is still an "attractive" investment at the current valuation.
Broker tips: Man Group, Wise
(Sharecast News) - The recent slump in Man Group's share price appears to be overdone, according to Citi, which reiterated its 'buy' rating and lifted its target price for the stock on Tuesday.
Broker tips: JD Sports, B&M, Diageo, Reckitt
(Sharecast News) - RBC Capital Markets has reiterated its positive stance on AB Foods, JD Sports, WH Smith and B&M, saying that consumer buying behaviour in the US paints a promising picture for the London-listed value retailers.
Broker tips: Analysts positive on CAB Payments and Trainline
(Sharecast News) - Canaccord Genuity expects shares of CAB Payments to more than double from current levels, as it kicked off coverage of the stock with a 'buy' rating.
Broker tips: Antofagasta, Spirax-Sarco, Smith & Nephew
(Sharecast News) - Canaccord Genuity has maintained its 'buy' recommendation on miner Antofagasta despite the firm cutting its output forecasts on Thursday.
Broker tips: CLS Holdings, TP Icap
(Sharecast News) - Investors had a negative reaction to CLS Holdings' half-year results on Wednesday, but that didn't stop broker Berenberg keeping its 'buy' rating on the stock.
Broker tips: Beazley, Clarkson
(Sharecast News) - Shares in non-life insurance firm Beazley gained on Tuesday after broker Berenberg raised its target price, saying that the stock's recent underperformance "confounds reality".
Broker tips: Spirent Communications, Cranswick
(Sharecast News) - Canaccord Genuity analysts trimmed their target price for Spirent Communications, but kept their recommendation at 'speculative buy'.
Broker tips: BAE Systems, Chemring
(Sharecast News) - ShoreCap termed BAE System's latest interims "a vote of confidence" and reiterated its 'buy' recommendation on the defence contractor's shares on the back of recent weakness.
Broker tips: IAG, Babcock
(Sharecast News) - Bank of America Merrill Lynch lifted its price target on BA and Iberia owner IAG on Monday to 260p from 240p and reiterated its 'buy' rating on the shares after results last week.
Broker tips: Rolls-Royce, Vodafone
(Sharecast News) - Bank of America Merrill Lynch hiked its price target on engine maker Rolls-Royce on Thursday to 260p from 190p after results a day earlier.
Broker tips: Tyman, AO World
(Sharecast News) - Berenberg upgraded Tyman on Wednesday to 'buy' from 'hold' and hiked the price target to 360p from 250p after the company's first-half results a day earlier.
Broker tips: Auto Trader, Ceres Power
(Sharecast News) - JPMorgan Cazenove downgraded Auto Trader on Tuesday to 'underweight' from 'neutral' and cut the price target to 555p from 630p as it pointed to easing momentum in the core business and an unattractive valuation.
Broker tips: Whitbread, Moneysupermarket.com
(Sharecast News) - Berenberg analysts reiterated their 'buy' recommendation and 4,000p target price for shares of Whitbread, saying that they liked its position as a leading operator in the UK midscale and economy hotel market.
Broker tips: Harbour Energy, Knights Group
(Sharecast News) - Berenberg reiterated its 'hold' rating on Harbour Energy on Friday, but warned of potential downside to the current share price.
Broker tips: Rio Tinto, UK property
(Sharecast News) - Analysts at Berenberg trimmed their price target for shares of Rio Tinto on the back of the mining group's operational review for the second quarter.
Broker tips: Aston Martin, Renewi
(Sharecast News) - Goldman Sachs upgraded its stance on Aston Martin Lagonda on Wednesday to 'buy' from 'neutral' as it argued that new products pave the way for a turnaround in fortunes.
Broker tips: Ocado, Darktrace
(Sharecast News) - Analysts at Berenberg continued to express "palpable caution" towards Ocado shares, telling clients that there was precious little to work with when it came to valuing the business.
Broker tips: Johnson Matthey, Aston Martin, Victrex
(Sharecast News) - Deutsche Bank upgraded Johnson Matthey on Monday to 'buy' from 'hold' and lifted the price target to 2,500p from 2,300p.
Broker tips: Spirax-Sarco Engineering, Morgan Advanced Materials, Dr Martens
(Sharecast News) - UBS upgraded Spirax-Sarco Engineering on Friday to 'buy' from 'neutral' and lifted the price target to 12,400p from 11,560p, citing an attractive entry point.
Broker tips: Softcat, Computacenter, Hunting, Schroders
(Sharecast News) - Citi upgraded Softcat and downgraded Computacenter on Thursday as it refreshed its view on the European value-added resellers, "keeping in consideration a return to more normal growth for the space post pandemic induced spurt in demand".
Broker tips: Bunzl, Pearson
(Sharecast News) - RBC Capital Markets downgraded Bunzl on Wednesday to 'underperform' from 'sector perform' and cut the price target to 2,550p from 2,850p as it said deflationary forces are building.
Broker tips: Dowlais, Moonpig
(Sharecast News) - Dowlais tumbled on Tuesday after Citi initiated coverage of the Melrose spinoff with a 'sell' rating and 97p price target, which implies around 20% downside.
Broker tips: EnQuest, Capricorn Energy, OSB, IWG
(Sharecast News) - Jefferies upgraded EnQuest and Capricorn Energy on Monday on valuation versus risks grounds.
Broker tips: Mondi, Smurfit Kappa, Smiths Group
(Sharecast News) - JPMorgan Cazenove upgraded packaging and paper firms Smurfit Kappa and Mondi on Thursday to 'overweight' from 'neutral' and kept DS Smith at 'overweight'.
Broker tips: Dunelm, Persimmon
(Sharecast News) - Dunelm was under the cosh on Tuesday after RBC Capital Markets downgraded the homeware retailer to 'underperform' from 'sector perform' and slashed the price target to 1,000p from 1,300p.
Broker tips: B&M, UK life insurers, Vodafone
(Sharecast News) - Barclays analysts raised their target price for shares of B&M European Value Retail following the retailer's latest update.
Broker tips: Atlantic Lithium, Marlowe
(Sharecast News) - Canaccord Genuity lowered its target price for Atlantic Lithium's shares from 90.0p to 80.0p following the release of the miner's Definitive Feasibility Study for its Ewoyaa project.
Broker tips: Sainsbury, JD Sports
(Sharecast News) - ShoreCap analysts called Sainsbury's current valuation "undemanding", going on to add that its 5% dividend yield was "attractive".
Broker tips: Informa, BT Group, BAE Systems
(Sharecast News) - Berenberg reinitiated coverage of Informa on Tuesday with a 'buy' recommendation and 820p price target.
Broker tips: Lloyds, Cranswick, On The Beach
(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.
Broker tips: AO World, JTC
(Sharecast News) - Shore Capital has cut its recommendation on AO World to 'hold', after a rally in the share price.
Broker tips: Keyword Studios, JTC
(Sharecast News) - Citi stuck to its 'neutral' recommendation for Keywords Studios, telling clients that the risks around generative artificial intelligence struck them as "likely overstated".
Broker tips: Ocado, Abcam
(Sharecast News) - Online supermarket Ocado was under the cosh on Tuesday after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.
Broker tips: Croda, Travis Perkins
(Sharecast News) - RBC Capital Markets cut its price target on Travis Perkins on Monday to 1,200p from 1,250p.
Broker tips: Man Group, Croda
(Sharecast News) - JPMorgan Cazenove relaunched coverage of Man Group on Thursday with an 'overweight' rating and 293p price target.
Broker tips: Aston Martin, Ceres Power
(Sharecast News) - Jefferies upgraded Aston Martin on Wednesday to 'hold' from 'underperform' and hiked the price target to 300p from 160p.
Broker tips: Admiral, BAE Systems, Hipgnosis
(Sharecast News) - Insurer Admiral tanked on Tuesday after Citi downgraded its stance on the shares to 'sell', saying that a 'deep dive' into industry loss ratio trends had suggested that consensus estimates for the group are currently an outlier.
Broker tips: Housebuilders, Dr Martens, REITS
(Sharecast News) - UBS has upgraded Crest Nicholson, Persimmon and Vistry Group in its latest review of UK housebuilders.
Broker tips: Hammerson, Lloyds, British Land, Landsec
(Sharecast News) - Barclays upgraded Hammerson on Friday to 'overweight' from 'underweight' and lifted the price target to 30p from 25p.
Broker tips; NatWest, Lloyds, Rio Tinto
(Sharecast News) - JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, it said in a note published on Thursday on UK banks.
Broker tips: Pets at Home, SSP Group
(Sharecast News) - Berenberg lifted its price target on Pets at Home on Wednesday to 460p from 430p as it said the company's strong momentum continued through Q423, "meaning a further removal of concerns around the impact of the weak consumer backdrop and a potential post-Covid-19 normalisation in pet spend".
Broker tips: Anglo American, Auto Trader, Diageo
(Sharecast News) - RBC Capital Markets upgraded Anglo American on Tuesday to 'outperform' from 'sector perform' and lifted the price target to 2,700 from 2,500p.
Broker tips: Dowlais, Rio Tinto, Dr Martens
(Sharecast News) - Jefferies initiated coverage of Dowlais - which was recently spun off from Melrose Industries - on Monday with a 'buy' rating and 155p price target, offering upside of around 21%.
Broker tips: Prudential, Auto Trader, AJ Bell
(Sharecast News) - JPMorgan Cazenove placed Prudential shares on 'positive catalyst watch' on Friday into the first-half results in August.
Broker tips: Burford Capital, B&M, Convatec
(Sharecast News) - Jefferies hiked its price target on Burford Capital on Thursday to 1,820p from 1,370p as it said the portfolio was "entering harvest season".
Broker tips: Centrica, BAT, Workspace
(Sharecast News) - JPMorgan Cazenove said on Wednesday that British Gas owner Centrica remains a "top pick" as it lifted its price target to 140p from 130p and maintained its 'overweight' rating.
Broker tips: Dr Martens, Hollywood Bowl, Babcock
(Sharecast News) - RBC Capital Markets downgraded shares of iconic bootmaker Dr Martens on Tuesday to 'sector perform' from 'outperform' and slashed the price target to 180p from 230p as it said FY24 guidance may prove too optimistic.
Broker tips: Darktrace, Halfords, Asos
(Sharecast News) - Cybersecurity firm Darktrace tumbled on Friday after Bank of America Merrill Lynch initiated coverage of the stock with an 'underperform' rating and a "street-low" price target of 240p, which implies 18% downside potential.
Broker tips: Fevertree,Tristel
(Sharecast News) - Liberum hiked its price target on Fevertree Drinks on Thursday to 1,500p from 1,000p following an update from the posh tonic maker.
Broker tips: Coats Group, Marks & Spencer, National Grid
(Sharecast News) - Analysts at RBC reiterated their 'outperform' stance for shares of Coats Group on the back of their call with the company's finance director and head of investor relations.
Broker tips: Sainsbury's, Premier Foods
(Sharecast News) - Citi downgraded its stance on Sainsbury's on Tuesday to 'neutral' from 'buy' and cut the price target to 295p from 320p following a strong sector-relative performance, with the shares up 29% year-to-date.
Broker tips: BT Group, Hill & Smith
(Sharecast News) - Citi reiterated its 'buy' rating on BT Group on Monday and added the shares to its 'European Focus List', "because of its deep value, and as it is a clear beneficiary from improving regulatory and market conditions".
Broker tips: St James's Place, Asos, Genuit
(Sharecast News) - RBC Capital Markets upgraded its stance on St James's Place to 'outperform' from 'sector perform' on Friday and lifted the price target to 1,400p from 1,390p.
Broker tips: M&S, Mitchells & Butlers, AMS
(Sharecast News) - Citi downgraded its stance on Marks & Spencer on Thursday to 'neutral' from 'buy' and trimmed the price target to 170p from 175p.
Broker tips: Oxford Instruments, Rentokil
(Sharecast News) - HSBC initiated coverage of Oxford Instruments on Wednesday with a 'hold' rating and 2,900p price target as it said it is an undisputed expert in its field but that a strong share price performance since March 2020 might be stalled by export restrictions and change at the helm.
Broker tips: Smiths Group, AB Foods, Loungers
(Sharecast News) - Bank of America Merrill Lynch upgraded Smiths Group on Tuesday to 'buy' from 'underperform' and lifted the price target to 2,000p from 1,150p, as it pointed to "hidden value waiting to be realised".
Broker tips: THG, Beazley
(Sharecast News) - Canaccord Genuity downgraded shares of THG from 'speculative buy' to 'hold' after the e-commerce company's decision to reject a bid from private equity giant Apollo.
Broker tips: Intertek, Crest Nicholson, Redrow
(Sharecast News) - Analysts at ShoreCap raised their profit estimates for Intertek despite concerns around the product testing and inspection specialist's ability to deliver on its targets.
Broker tips: Bridgepoint, Compass Group
(Sharecast News) - JPMorgan Cazenove resumed its recommendation for Bridgepoint at 'underweight' on Thursday, with a 224p price target as it pointed to long-term potential but limited near-term growth.
Broker tips: Just Group, Asos, Marshalls
(Sharecast News) - JPMorgan Cazenove lifted its price target on Just Group on Wednesday to 125p from 115p to reflect higher new business sales forecasts, and a valuation roll-forward.
Broker tips: IAG, Intertek
(Sharecast News) - Liberum reiterated its 'buy' recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.
Broker tips: Spire Healthcare, Vodafone
(Sharecast News) - RBC Capital Markets upgraded Spire Healthcare on Friday to 'outperform' from 'sector perform' and lifted the price target to 270p from 230p on "signs of market acceleration".
Broker tips: Centamin, Coca-Cola HBC
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' recommendation and 145p target price for shares of gold miner Centamin following an exploration roundtable with company management the day before.
Broker tips: HSBC, Hikma, Pearson
(Sharecast News) - Berenberg upgraded HSBC to 'buy' from 'hold' on Wednesday, keeping the price target at 780p, as it said the bank's return on tangible equity of around 13% and attractive growth potential are undervalued.
Broker tips: Rightmove, AJ Bell, JTC
(Sharecast News) - HSBC upgraded Rightmove on Tuesday to 'buy' from 'hold' and lifted the price target to 645p from 530p as it said some of the early demand indicators show return of buyers' interest and argued that positive sentiment from agents is not priced into current multiples for the stock.
Broker tips: Dunelm, Persimmon, RWS Holdings
(Sharecast News) - Deutsche Bank initiated coverage of homeware retailer Dunelm on Friday with a 'buy' rating and 1,313p price target, arguing that the recent de-rating is a buying opportunity.
Broker tips: Reckitt, Ocado, Learnings Technologies
(Sharecast News) - Analysts at Berenberg raised their target price on consumer goods company Reckitt Group from 7,575.0p to 7,840.0p on Thursday, stating the earnings upgrade cycle persists.
Broker tips: Kistos, Dowlais, Whitbread
(Sharecast News) - Analysts at Berenberg raised their target price on closed-ended investment company Kistos from 600.0p to 630.0p on Wednesday, stating its deal with Mime Petroleum was "more than just hand waving".
Broker tips: Asos, Corero Network Security, Liontrust Asset Management
(Sharecast News) - Liberum lifted its price target on Asos to 700.0p from 500.0p on Tuesday and maintained its 'sell' rating as it sees "significant" risks in its strategy to improve profitability and remains unconvinced it will be able to fully deliver.
Broker tips: Network International, Southern Energy, Prudential, Melrose Industries
(Sharecast News) - Jefferies downgraded payments firm Network International to 'hold' from 'buy' on Monday and lifted its price target to 400.0p from 360.0p as it said that a second non-binding bid by private equity makes a take private more likely.
Broker tips: Rio Tinto, Sureserve
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating on mining giant Rio Tinto on Friday after the group delivered a "fairly stable" first-quarter performance.
Broker tips: Kainos, Oxford Instruments, Direct Line
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on software firm Kainos from 1,525.0p to 1,270.0p on Thursday and downgraded the stock from 'buy' to 'hold', stating "slimmer public sector pickings" made future beats less likely.
Broker tips: EasyJet, Volex
(Sharecast News) - Analysts at Liberum hiked their target price on low-cost carrier EasyJet from 500.0p to 650.0p on Wednesday, stating it was "shrugging off macro concerns".
Broker tips: Property Franchise Group, BT, UK housebuilders
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on property management firm the Property Franchise Group from 437.0p to 470.0p on Tuesday, citing "high quality earnings" and a "compelling valuation".
Broker tips: OSB Group, RS Group, National Grid, THG
(Sharecast News) - Analysts at Berenberg raised their target price on financial services firm OSB Group from 750.0p to 800.0p on Monday, stating the group was "sustainably strong" and "unsustainably cheap".
Broker tips: Whitbread, Standard Chartered, Hargreaves Lansdown
(Sharecast News) - Peel Hunt upgraded Whitbread to 'buy' from 'add' on Friday and hiked its price target on the stock to 4,000.0p from 2,850.0p, stating it expects positive trading news from the company this year.
Broker tips: JTC, Close Brothers, housebuilders
(Sharecast News) - Analysts at RBC Capital Markets lowered their target price on fund management services firm JTC from 820.0p to 760.0p on Thursday as it took a fresh look at the stock following the group's full-year results.
Broker tips: WPP, Zegona Communications
(Sharecast News) - Analysts at Citi reiterated their 'buy' recommendation for shares of WPP on Wednesday, citing easier comparables as they deemed the stock's valuation "overly cheap".
Broker tips: Tui, Vaalco
(Sharecast News) - Citi upgraded Tui to 'neutral' (high risk) from 'sell' (high risk) as it updated its model to reflect the group's recent rights issue, which taken with the lower share price since its last update, drives higher-than-expected dilution.
Broker tips: Direct Line, Ten Entertainment, Fulham Shore
(Sharecast News) - Direct Line surged on Wednesday after a double upgrade to 'buy' from 'sell' at Citi, which said that its industry channel checks give it more confidence on 2023 motor earnings.
Broker tips: Renewi, Drax, Vodafone
(Sharecast News) - Analysts at Peel Hunt reiterated their 'buy' recommendation for shares of Renewi on Tuesday following the company's pre-close trading update, noting that net debt had continued to reduce.
Broker tips: Admiral Group, Reckitt Benckiser
(Sharecast News) - Analysts at Berenberg lowered their target price on insurance firm Admiral Group from 2,688.0p to 2,543.0p on Monday but stated its defensive model equalled a "premium valuation".
Broker tips: Spire Healthcare, Travis Perkins
(Sharecast News) - Jefferies upgraded Spire Healthcare to 'buy' from 'hold' on Friday and lifted its price target on the stock to 250.0p from 240.0p, arguing that the market was underappreciating its growth opportunity.
Broker tips: Tritax Big Box, CMC Markets, iGas Energy
(Sharecast News) - Berenberg upgraded Tritax Big Box to 'buy' from 'hold' and reiterated its 170.0 target price on the stock on Thursday, citing valuation grounds.
Broker tips: Essentra, Digital 9 Infrastructure, JD Wetherspoon
(Sharecast News) - Over at Berenberg, analysts lowered their target price on hardware manufacturer Essentra from 295.0p to 255.0p on Wednesday but said it still sees a "significant medium-term opportunity".
Broker tips: CMC Markets, Direct Line
(Sharecast News) - Analysts at RBC Capital Market dropped their target price on financial services firm CMC Markets from 350.0p to 310.0p on Tuesday following the group's recent trading update.
Broker tips: Playtech, Tharisa
(Sharecast News) - Analysts at Deutsche Bank bumped up their target price on gaming and sports betting software firm Playtech from 608.0p to 615.0p on Monday, citing the group's "resilient performance".
Deutsche Bank nudges up target price on Playtech
(Sharecast News) - Analysts at Deutsche Bank bumped up their target price on gaming and sports betting software firm Playtech from 608.0p to 615.0p on Monday, citing the group's "resilient performance".
Broker tips: Centrica, Anpario
(Sharecast News) - Analysts at Berenberg hiked their target price on electric services company Centrica from 50.0p to 110.0p on Friday, stating the group's strong free cash flow yield had revived its dividend.
Broker tips: BT, Sabre Insurance
(Sharecast News) - Analysts at Deutsche Bank raised their target price on telecommunications firm BT 140.0p to 150.0p on Thursday, stating taxes had pushed the "lucky" group's price target higher amid "major challenges".
Broker tips: Spirent Communications, Superdry, Bytes Technology
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on telco Spirent from 250.0p to 200.0p on Wednesday, stating the group had experienced a "tough H1 in prospect" and that "a rapid recovery" into 2024 was unclear.
Broker tips: Trustpilot, TI Fluid Systems, Aptitude Software
(Sharecast News) - Analysts at Berenberg lowered their target price on review website operator Trustpilot from 180.0p to 160.0p on Tuesday but said it still expects to see positive underlying earnings and cash flow in 2023.
Broker tips: Glencore, Breedon
(Sharecast News) - UBS upgraded Glencore to 'buy' from 'neutral' on Monday as it said the risk/reward scenario was now attractive after the recent selloff.
Broker tips: GSK, Restore
(Sharecast News) - Analysts at Deutsche Bank upgraded biopharmaceutical firm GSK from 'hold' to 'buy' on Friday as they updated estimates and made changes to their net present value assumptions.
Broker tips: Genuit, Clarkson
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating on construction firm Genuit on Thursday but acknowledged that the group was now "navigating a tough 2023".
Broker tips: IQE, Spirent Communications, Future
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on semiconductor firm IQE from 60.0p to 40.0p on Wednesday, stating its second trading update this year pointed to an "awful" first half.
Broker tips: Flutter Entertainment, Rolls-Royce
(Sharecast News) - Analysts at Berenberg raised their target price on gaming outfit Flutter Entertainment from 13,800.0p to 16,000.0p on Tuesday as the group's US outperformance continues at pace.
Broker tips: Coats, Bunzl, HSBC
(Sharecast News) - Analysts at Berenberg slightly raised their target price on thread manufacturer Coats Group from 90.0p to 100.0p on Monday after the group's recent results demonstrated "a strong performance".
Broker tips: Schroders, IQE, Volution
(Sharecast News) - Credit Suisse downgraded Schroders to 'neutral' from 'outperform' on Friday and slashed its price target on the stock to 470.0p from 510.0p, citing flow headwinds and cost inflation.
Broker tips: Hiscox, National Express
(Sharecast News) - Analysts at Berenberg raised their target price on insurer Hiscox from 1,015.0p to 1,285.0p on Thursday, citing a "strong finish to a turbulent year".
Broker tips: Rolls-Royce, Wood Group
(Sharecast News) - UBS upgraded Rolls-Royce to 'buy' from 'neutral' and nearly doubled its price target on the stock to 200.0p from 105.0p as it said the shares were "abnormally cheap" despite China reopening.
Broker tips: Melrose, Rathbones Brothers, Saietta
(Sharecast News) - Bank of America Merrill Lynch upgraded Melrose to 'buy' from 'neutral' on Tuesday and lifted its price target on the stock to 181.0p from 160.0p.
Broker tips: Spectris, B&M European, Tesco, Kingfisher
(Sharecast News) - Analysts at Berenberg raised their target price on instrumentation company Spectris from 3,470.0p to 3,780.0p on Monday, stating the group's upgraded outlook provided "near-term visibility".
Broker tips: Hunting, Windward, PPHE
(Sharecast News) - Berenberg downgraded Hunting on Friday to 'hold' from 'buy' as it said the risk/reward is less attractive after a strong share price performance.
Broker tips: Totally, Croda, Babcock
(Sharecast News) - Analysts at Canaccord Genuity slashed their target price on healthcare service provider Totally from 70.0p to 40.0p on Thursday, stating cost pressures had impacted margins.
Broker tips: Smith & Nephew, BAE Systems, Boku, Future
(Sharecast News) - Liberum upgraded Smith & Nephew to 'buy' from 'hold' and hiked the price target to 1,410.0p from 1,120.0p, saying it would look to buy on dips given the recent run.
Broker tips: AB Foods, Primary Health Properties, IAG
(Sharecast News) - Analysts at Deutsche Bank raised their target price on Associated British Foods from 2,180.0p to 2,300.0p on Tuesday, stating its Primark unit had driven "another upgrade".
Broker tips: Hikma Pharmaceuticals, British American Tobacco
(Sharecast News) - Analysts at Berenberg raised their target price on drugmaker Hikma Pharmaceuticals from 1,440.0p to 1,740.0p on Monday on the back of the group's recent trading update.
Broker tips: IAG, Rolls Royce, Dr.Martens
(Sharecast News) - Peel Hunt analysts described International Consolidated Airlines Group's latest full-year figures as "positive all around" but stuck to their 'hold' recommendation on the shares and 135.0p target price.
Broker tips: Relx, BP, Next
(Sharecast News) - Analysts at JP Morgan sounded a bullish note on the prospects for RELX, the provider of information-based analytics and decision tools for professional and business customers.
Broker tips: WPP, HSBC, GB Group
(Sharecast News) - Credit Suisse upgraded WPP and Publicis on Wednesday to 'outperform' from 'neutral' as it said its analysis of the advertising agency industry suggests the structural headwinds which caused the de-rating of the agency stocks have significantly abated.
Broker tips: JTC, Curry's, Next
(Sharecast News) - Analysts at Jefferies initiated coverage on fund manager JTC with a 'buy' rating and an 860.0p target price on Tuesday, citing exposure to a growth industry and a "positive outlook".
Broker tips: EnQuest, DS Smith, NatWest
(Sharecast News) - Analysts at Canaccord Genuity slightly lowered their target price on exploration and production company EnQuest from 40.0p to 35.0p on Monday as it pondered what exactly the stock's investment thesis was following its admittedly "solid" trading update.
Broker tips: Standard Chartered, Centrica, Direct Line
(Sharecast News) - Analysts at Berenberg hiked their target price on consumer bank Standard Chartered from 750.0p to 1,000.0p on Friday, citing "increasingly evident" standalone strength.
Broker tips: RS Group, Shell, Hammerson
(Sharecast News) - Morgan Stanley initiated coverage of industrial and electric components distributor RS Group on Thursday with an 'equalweight' rating and 950.0p price target as is pointed to a strong track record of organic growth, improving margins and return on invested capital.
Broker tips: Hargreaves Lansdown, Pets at Home, Rathbones
(Sharecast News) - Analysts at Peel Hunt reiterated their 'buy' recommendation for shares of Hargreaves Lansdown following the firm's full-year numbers, telling clients the results were "well ahead of expectations".
Broker tips: Impact Healthcare, EasyJet, Drax
(Sharecast News) - Analysts at RBC Capital Markets slightly lowered their target price on real estate investment trust Impact Healthcare from 125.0p to 120.0p on Tuesday as it reduced its earnings forecasts following the trust's recent trading update.
Broker tips: Pennon, Severn Trent, Lancashire Holdings
(Sharecast News) - RBC Capital Markets downgraded Pennon to 'sector perform' from 'outperform' and maintained their target price on the stock at 975.0p, stating the valuation was now more balanced.
Broker tips: Abrdn, GSK
(Sharecast News) - HSBC downgraded Abrdn to 'reduce' from 'hold' on Friday as it took a look at UK wealth managers.
Broker tips: Ashtead Technology, Next
(Sharecast News) - Analysts at Berenberg initiated coverage on subsea equipment and solutions group Ashtead Technology at 'buy' on Thursday, branding the firm "a market leader in a thriving sector".
Broker tips: BP, Yellow Cake, Trustpilot
(Sharecast News) - Barclays hiked its price target on BP to 1,000.0p from 700.0p on Wednesday following the oil giant's results a day earlier.
Broker tips: Mattioli Woods, THG
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on wealth management firm Mattioli Woods to 830.0p from 850.0p on Tuesday despite the group's "robust" interim results.
Broker tips: Virgin Money UK, Taylor Wimpey, On the Beach
(Sharecast News) - Analysts at Berenberg raised their target price on lender Virgin Money UK from 170.0p to 195.0p on Monday but cautioned that "relative challenges" may worsen.
Broker tips: IWG, Direct Line, B&M, Marks & Spencer
(Sharecast News) - Deutsche Bank adjusted its ratings on a number of retailers on Friday, as it noted that the European general retail sector ended 2022 on a "surprisingly good" note.
Broker tips: Tritax Big Box, Standard Chartered, Jet2
(Sharecast News) - Analysts at Berenberg lowered their target price on real estate investment trust Tritax Big Box from 190.0p to 170.0p on Thursday, stating repricing was now underway.
Broker tips: Hochschild Mining, SSP, Restore
(Sharecast News) - Analysts at Berenberg slightly raised their target price on silver and gold miner Hochschild Mining from 90.0p to 100.0p on Wednesday as it incorporated higher production levels and lower-than-expected costs into its model following the group's fourth-quarter trading update earlier in the week.
Broker tips: Jupiter Fund Management, Legal & General, M&G, Diageo
(Sharecast News) - Analysts at Canaccord Genuity downgraded fund manager Jupiter Fund Management from 'buy' to 'hold' on Tuesday, stating upside was "limited" after the group's recent re-rating.
Broker tips: Treatt, Tritax Big Box
(Sharecast News) - Analysts at Berenberg took a fresh look at food chemicals manufacturer Treatt on Monday, stating it was "so far so good" for the group in its current trading year.
Broker tips: Direct Line, Close Brothers, eEnergy
(Sharecast News) - Analysts at Berenberg very slightly lowered their target price on insurance group Direct Line from 160.0p to 159.0p on Friday following the announcement of its quota share deal.
Broker tips: Ocado, Boohoo, Hiscox
(Sharecast News) - RBC Capital Markets downgraded its stance on online supermarket Ocado and fast-fashion retailer Boohoo on Thursday.
Broker tips: Experian, Darktrace, Direct Line
(Sharecast News) - Credit Suisse downgraded Experian on Wednesday to 'neutral' from 'outperform' and cut the price target to 2,900p from 3,250p as it said the shares look "fairly valued".
Broker tips: Dunelm, EasyJet, IAG, Ryanair
(Sharecast News) - Analysts at Berenberg raised their target price on retailer Dunelm from 1,130.0p to 1,240.0p on Tuesday, stating the group's numbers "increasingly well underpinned".
Broker tips: Everyman Media, Energean, AB Foods
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on cinema chain operator Everyman Media on Monday, stating that while the group had delivered a full-year earnings beat, growth trajectory for the coming two years had "moderated".
Broker tips: Secure Trust, Crest Nicholson, Hargreaves Lansdown
(Sharecast News) - Analysts at Berenberg lowered their target price on retail and commercial bank Secure Trust from 1,820.0p to 1,420.0p on Friday as the group continues to navigate current conditions.
Broker tips: Fresnillo, WPP, DFS Furniture
(Sharecast News) - UBS downgraded precious metals miner Fresnillo on Thursday to 'sell' from 'neutral' and cut its price target on the stock to 850.0p from 900.0p.
Broker tips: Genel Energy, Kenmare Resources
(Sharecast News) - Analysts at Canaccord Genuity slightly lowered their target price on oil company Genel Energy from 180.0p to 170.0p on Wednesday following the group's trading update.
Broker tips: 888 Holdings, Quilter, ITM Power
(Sharecast News) - Analysts at Berenberg slashed their target price on bookmaker 888 Holdings from 320.0p to 220.0p on Tuesday, stating interest costs remained "a burden".
Broker tips: Rotork, Man Group, Ashtead Technology
(Sharecast News) - Analysts at RBC Capital Markets downgraded industrial valve manufacturer Rotork from 'outperform' to 'sector perform' on Monday, citing "reduced upside".
Broker tips: Pendragon, Whitbread
(Sharecast News) - Analysts at Berenberg resumed coverage on used car dealers Pendragon at 'buy' on Friday after suspending its coverage on the stock back in September, stating the firm was now "back to business".
Broker tips: Focusrite, Rio Tinto, Antofagasta, Clarkson
(Sharecast News) - Analysts at Berenberg initiated coverage on audio-products company Focusrite with a 'buy' rating and 1,100.0p target price on Thursday, citing a number of near-term tailwinds and M&A optionality.
Broker tips: Anpario, Softcat, Superdry
(Sharecast News) - Analysts at Canaccord Genuity slashed their target price on animal feed manufacturer Anpario from 800.0p to 580.0p on Tuesday following an "unusually challenging" trading year.
Broker tips: BT, B&M, M&S
(Sharecast News) - Citi upgraded BT Group to 'buy' from 'neutral' on Monday as it argued that pricing momentum could offset free cash flow headwinds.
Broker tips: Next, Inchcape
(Sharecast News) - Credit Suisse downgraded Next to 'underperform' from 'neutral' as it said the shares were likely to underperform stocks that look cheap versus history.
Broker tips: HSBC, RyanAir, Prudential
(Sharecast News) - Jefferies upgraded HSBC on Thursday to 'buy' from 'hold' and hiked the price target to 770p from 574p as it said the bank was positively-geared to a re-opening in China.
Broker tips: BT Group, Frontier Developments
(Sharecast News) - Analysts at Berenberg lowered their target price on telecommunications giant BT Group from £1.90 to £1.60 on Wednesday, stating "all eyes" will be on pricing moves.
Broker tips: Derwent London, Ithaca Energy, Sage
(Sharecast News) - Analysts at Berenberg lowered their target price on property investment and development business Derwent London from 2,800.0p to 2,450.0p on Tuesday, stating the group was "not immune" from market movements.
Broker tips: 888 Holdings, Jubilee Metals
(Sharecast News) - Analysts at Deutsche Bank slightly lowered their target price on gambling giant 888 Holdings from 160.0p to 150.0p on Monday after the group's recent Capital Market's Day "did as expected".
Broker tips: AB Dynamics, Bodycote, Hunting
(Sharecast News) - Analysts at Berenberg hiked their target price on simulation and testing outfit AB Dynamics from 1,530.0p to 1,800.0p on Friday after the group's full-year results pointed to strong organic revenue and profit growth.
Broker tips: Victorian Plumbing, RWS Holdings
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating and 500.0p target price on RWS Holdings on Thursday following the intellectual property group's in line full-year results.
Broker tips: Taylor Wimpey, Redrow, Diageo, Travis Perkins
(Sharecast News) - JPMorgan Cazenove downgraded Taylor Wimpey and Redrow on Wednesday as it took a look at housebuilders.
Broker tips: Moonpig, Tritax EuroBox
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on greetings cards business Moonpig from 232.0p to 205.0p on Tuesday but said the group had "proven its resilience" despite recent macro concerns.
Broker tips: Wood Group, Kitwave, Anglo American
(Sharecast News) - Jefferies upgraded Wood Group to 'buy' from 'hold' on Monday, marking the first upgrade to 'buy' in more than five years.
Broker tips: InterContinental Hotels, Unilever
(Sharecast News) - Peel Hunt upgraded InterContinental Hotels to 'buy' from 'hold' on Friday and lifted its price target on the stock to 5,750.0p from 4,600.0p.
Broker tips: Moonpig, Ashtead
(Sharecast News) - Analysts at Berenberg slashed their target price on gift card retailer Moonpig from 390.0p per share to 300.0p after the group cut its full-year 2023 guidance.
Broker tips: Ashtead, Haleon, PageGroup
(Sharecast News) - Analysts at RBC Capital Markets raised their target price on equipment rental company Ashtead from 5,150.0p to 5,450.0p on Wednesday following the group's second-quarter results.
Broker tips: Hikma Pharmaceuticals, 888 Holdings, Barclays, Lloyds
(Sharecast News) - RBC Capital Markets initiated coverage of Hikma Pharmaceuticals on Tuesday at 'outperform' with a 1,750.0p price target.
Broker tips: Compass, Tharisa, Savills, Persimmon, Watkin Jones, Bellway
(Sharecast News) - Analysts at RBC Capital Markets raised their target price on contract foodservice company Compass Group from 1,575.0p to 1,625.0p on Monday following the release of the group's full-year earnings.
Broker tips: AJ Bell, 4imprint, Kingfisher
(Sharecast News) - AJ Bell surged on Friday after Jefferies upgraded its shares to 'buy' from 'hold' and lifted its price target to 450.0p from 290.0p, citing higher forecasts and confidence in the company's business model after results.
Broker tips: Future, Synthomer
(Sharecast News) - Analysts at Berenberg lowered their target price on multimedia company Future from 3,250.0p to 2,600.0p on Thursday but said the stock still remained "undervalued".
Broker tips: Treatt, Rolls-Royce, Asos
(Sharecast News) - Analysts at Berenberg hiked their target price on chemical manufacturer Treatt from 680.0p to 780.0p on Wednesday following the group's full-year results.
Broker tips: Boohoo, AO World
(Sharecast News) - Analysts at Berenberg downgraded fast fashion retailer Boohoo from 'buy' to 'hold' on Tuesday and slashed its target price on the stock from 140.0p to 45.0p, stating the group was now "fighting on all fronts".
Broker tips: Persimmon, WH Smith, Oxford Biomedica, Just Group
(Sharecast News) - Persimmon slumped on Monday as UBS downgraded its stance on the housebuilder to 'sell' from 'neutral' and cut its price target on the stock to 1,230.0p from 1,290.0p as it cited the further risk of a de-rating.
Broker tips: Berkeley, MJ Gleeson, Lloyds, NatWest
(Sharecast News) - Analysts at Berenberg took a fresh look at a number of UK housebuilders on Friday, reiterating its 'cautious view' on the sector.
Broker tips: Rainbow Rare Earths, Johnson Matthey, ATC Group
(Sharecast News) - Analysts at Berenberg initiated coverage of Rainbow Rare Earths with a 'buy' recommendation and a 33.0p price target on Thursday, implying a whopping 228% upside.
Broker tips: Sage, Alpha FMC
(Sharecast News) - Detusche Bank upgraded Sage on Wednesday to 'hold' from 'sell' and hiked the price target to 800.0p from 590.0p as it said the software firm was turning a corner but areas of uncertainty remained.
Broker tips: SSE, Restore, Big Yellow, Essentra
(Sharecast News) - RBC Capital Markets upgraded SSE to 'outperform' from 'sector perform' on Tuesday and lifted its price target on the stock to 2,050.0p from 1,825.0p as it pointed to clarity over windfall taxes.
Broker tips: Iofina, Beazley
(Sharecast News) - Analysts at Canaccord Genuity initiated coverage on specialty chemicals group Iofina at 'buy' on Monday as it pointed to a "strong return profile ahead".
Broker tips: Burberry, International Distribution Services, MJ Gleeson
(Sharecast News) - Analysts at RBC Capital Markets raised their target price on fashion brand Burberry from 1,800.0p to 2,070.0p on Friday, citing the group's "sensible strategy".
Broker tips: Hargreaves Lansdown, Sage, Kape Technologies
(Sharecast News) - RBC Capital Markets downgraded Hargreaves Lansdown to 'sector perform' from 'outperform' on Thursday and slashed its price target on the stock to 1,050.0p from 1,650.0p as it said near-term uncertainty "thwarts underlying value".
Broker tips: Future, DotDigital, Kainos, Card Factory
(Sharecast News) - JPMorgan Cazenove initiated coverage of media group Future on Wednesday with an 'overweight' rating and 2,500.0p price target, referring to the company as a "media powerhouse".
Broker tips: Drax, Hikma Pharmaceuticals, Aston Martin Lagonda
(Sharecast News) - Analysts at RBC Capital Markets lowered their target price on power generation business Drax from 1,175.0p to 950.0p on Tuesday but said recent weakness in the group's share price was "misplaced".
Broker tips: Redrow, Close Brothers, Kainos, Informa
(Sharecast News) - Citi downgraded Redrow on Monday to 'neutral' from 'buy' as it said the risk/reward now looks more balanced at the current valuation.
Broker tips: Boohoo, Hilton Food, B&M, M&G
(Sharecast News) - Liberum said on Friday that fast-fashion retailer Boohoo "will struggle to reinvigorate growth" even after the opening of its new distribution centre in the US.
Broker tips: Aston Martin, Computacenter
(Sharecast News) - Analysts at Berenberg lowered their target price on computer services company Computacenter from 3,250.0p to 2,850.0p on Thursday but said the group was "still a long-term winner".
Broker tips: Jupiter Fund Management, AJ Bell, Direct Line
(Sharecast News) - Barclays upgraded Jupiter Fund Management on Wednesday to 'equalweight' from 'underweight' and cut its price target on the stock to 110.0p from 120.0p as it pointed to a discounted valuation and emerging optimism.
Broker tips: Babcock, ITM Power, Hammerson
(Sharecast News) - Babcock surged on Tuesday after Berenberg initiated coverage of the stock at 'buy' with a 425.0p price target, saying it was an "unanchored value proposition".
Broker tips: St James's Place, RS Group, Lancashire Holdings
(Sharecast News) - Analysts at Berenberg lowered their target price on wealth manager St James's Place from 1,500.0p to 1,365.0p on Monday but remained positive on the group as a whole.
Broker tips: WPP, Darktrace, TI Fluid Systems
(Sharecast News) - Analysts at Berenberg lowered their target price on media giant WPP from 915.0p to 864.0p on Friday after the group's Q3 growth was "softer than the whisper".
Broker tips: Hiscox, Aston Martin Lagonda
(Sharecast News) - Analysts at Berenberg slightly raised their target price on insurer Hiscox from 990.0p to 1,015.0p on Thursday, after clarity on Hurricane Ian losses and rising yields lifted shares.
Broker tips: Ocado, Softcat, Boohoo
(Sharecast News) - JPMorgan Cazenove downgraded its stance on Ocado to 'underweight' from 'neutral' on Wednesday as it argued that its customer fulfilment centre pipeline rollout was likely to remain slow.
Broker tips: Auto Trader, Next Fifteen, Deltic Energy
(Sharecast News) - Auto Trader rallied on Tuesday as UBS upgraded the shares to 'buy' from 'neutral', arguing that the risk/reward had become attractive going into the first-half results and that the recent selloff was overdone.
Broker tips: Centrica, Drax, iGas
(Sharecast News) - Analysts at Jefferies upgraded Centrica and Drax on Monday to 'buy' from 'hold' as it pointed to strong free cash flow generation and resilient balance sheets in "attractive amidst turbulent markets".
Broker tips: Greggs, Mattioli Woods
(Sharecast News) - Analysts at Berenberg lowered their target price on bakery chain Greggs from 3,600.0p to 3,000.0p on Friday despite earnings estimates holding firm.
Broker tips: Reckitt, FirstGroup, HSBC
(Sharecast News) - Analysts at Berenberg slashed their target price on household goods manufacturer Reckitt from 8,200.0p to 7,050.0p on Thursday but reiterated its 'buy' rating on the "still mispriced" stock.
Broker tips: Beazley, Moneysupermarket
(Sharecast News) - Analysts at RBC Capital Markets have updated their model on insurance firm Beazley ahead of the group's third-quarter trading update, raising its target price on the stock from 650.0p to 675.0p in the process.
Broker tips: Asos, Hargreaves Lansdown
(Sharecast News) - Analysts at Berenberg slashed their target price on clothing retailer Asos from 1,800.0p to 1,200.0p on Tuesday following the group's full-year earnings.
Broker tips: Beazley, Cerillion
(Sharecast News) - Berenberg raised its target price on Beazley from 685.0p to 720.0p on Monday, stating the group was still its "top pick" in the UK insurance sector.
Broker tips: Glencore, Synthomer
(Sharecast News) - Analysts at Barclays reiterated Glencore as their 'top pick' within the European Metals and Mining space.
Broker tips: Asos, Integrafin
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on fast fashion retailer Asos from 900.0p to 800.0p on Thursday but said the group looks to have "sufficient debt headroom" to cope with its recent "painful dose of reality".
Broker tips: Frasers, Kistos, Asos, B&M
(Sharecast News) - RBC Capital Markets upgraded Frasers Group from 'underperform' to 'sector perform' on Wednesday.
Broker tips: XP Power, 888 Holdings
(Sharecast News) - Analysts at Berenberg slashed their target price on power supply manufacturer XP Power from 4,020.0p to 2,080.0p on Tuesday, despite the group's "strong" Q3 trading update on 11 October.
Broker tips: Rathbones Group, Sabre Insurance
(Sharecast News) - Analysts at RBC Capital Markets lowered their target price on investment manager Rathbones Group from 2,100.0p to 1,950.0p on Monday as it updated its model on the firm ahead of its third-quarter trading statement.
Broker tips: Hilton Food, Boohoo
(Sharecast News) - Analysts at Berenberg upgraded food packaging business Hilton Food from 'hold' to 'buy' on Friday but cut their target price on the stock from 1,200.0p to 850.0p.
Broker tips: Diageo, Tullow Oil, Restaurant Group
(Sharecast News) - Analysts at Credit Suisse reiterated their 'outperform' recommendation for shares of Diageo, telling clients that they spied "upside risks" to the spirits-maker's US and Asia Pacific businesses.
Broker tips: Marshalls, CleanTech Lithium
(Sharecast News) - Analysts at Berenberg lowered their target price on construction outfit Marshalls from 380.0p to 280.0p on Tuesday and said further risks remained.
Broker tips: Moneysupermarket, Vodafone, Balfour Beatty
(Sharecast News) - RBC Capital Markets upgraded Moneysupermarket on Monday to 'outperform' from 'sector perform' and lifted its price target on the stock to 250.0p from 230.0p as it argued that the 20% de-rating since August presented a good entry point.
Broker tips: BAE Systems, Bytes Technology, Ashtead Group
(Sharecast News) - Analysts at J.P. Morgan upgraded their recommendation for shares of BAE Systems on expectations for a stronger US dollar and a reduction in the UK corporate tax rate.
Broker tips: Imperial Brands, Babcock, Anglo American
(Sharecast News) - Analysts at BofA Securities maintained their 'buy' recommendation for shares of Imperial Brands following the tobacco giant's "supportive" pre-close trading update.
Broker tips: Dechra Pharmaceuticals, Next
(Sharecast News) - Berenberg initiated coverage of veterinary pharmaceuticals group Dechra Pharmaceuticals with a 'hold' rating and 2,850.0p price target, saying it has "plenty of pet-ential".
Broker tips: Hikma, Pennon, Severn Trent, AJ Bell, Hargreaves Lansdown
(Sharecast News) - Analysts at Berenberg initiated coverage on drugmaker Hikma Pharmaceuticals at 'hold' on Tuesday, stating it was "waiting for the tide to turn".
Broker tips: S&U, Oxford Metrics, 888 Holdings, Flutter
(Sharecast News) - Analysts at Berenberg lowered their target price on motor finance and bridging lender S&U from 2,660.0p to 2,180.0p on Monday but said the group had still managed to deliver a "solid" set of results given macro headwinds.
Broker tips: Capricorn Energy, RA International
(Sharecast News) - Analysts at Berenberg raised their target price on exploration and development company Capricorn Energy from 225.0p to 250.0p on Friday after the group announced a proposed merger with NewMed Energy.
Broker tips: Close Brothers, Kooth
(Sharecast News) - Analysts at Berenberg lowered their target price on financial services firm Close Brothers from 1,250.0p to 1,200.0p on Wednesday after the group's results underperformed UK banking rivals by roughly 8%.
Broker tips: Johnson Matthey, Intertek
(Sharecast News) - Analysts at Berenberg lowered their target price on chemicals company Johnson Matthey from 2,550.0p to 2,200.0p on Tuesday, citing higher discount rates and the wider de-rating of equity markets since its last update in May.
Broker tips: Unilever, Virgin Money, Playtech
(Sharecast News) - Analysts at Berenberg upgraded their rating on consumer goods giant Unilever from 'hold' to 'buy' on Monday, stating the group was "repositioned for faster growth".
JP Morgan raises target price on Prudential
(Sharecast News) - Analysts at JP Morgan raised their target price from insurance firm Prudential from £13.80 per share to £14.50 on Friday to reflect foreign exchange movements and a roll-forward of its valuation.
Broker tips: Prudential, MJ Gleeson
(Sharecast News) - Analysts at JP Morgan raised their target price from insurance firm Prudential from £13.80 per share to £14.50 on Friday to reflect foreign exchange movements and a roll-forward of its valuation.
Broker tips: Aveva, Wood, Vodafone
(Sharecast News) - Analysts at Berenberg downgraded software firm Aveva from 'buy' to 'hold' on Thursday as it noted Schneider's bid for the company will likely be accepted.
Broker tips: AB Foods, Celtic
(Sharecast News) - Analysts at UBS downgraded Primark owner Associated British Foods from 'neutral' to 'buy' on Wednesday, stating setbacks at the fast fashion retailer had forced it to move to the sidelines.
Broker tips: Craneware, SSE, Good Energy
(Sharecast News) - Analysts at Berenberg raised their target price on software firm Craneware from 2,320.0p to 2,600.0p on Tuesday, stating the group was "a rare UK asset".
Broker tips: Fevertree, Kitwave
(Sharecast News) - Analysts at Berenberg downgraded mixed drinks manufacturer Fevertree from 'buy' to 'hold' on Friday, citing external pressures.
Broker tips: Currys, Tate & Lyle, Dechra Pharmaceuticals, GlaxoSmithKline, AstraZeneca
(Sharecast News) - Analysts at Berenberg initiated coverage on electrical retailer Currys, formerly Dixons Carphone, with a 'hold' rating and 70.0p target price on Thursday, stating it was waiting for a "milder backdrop".
Broker tips: Abrdn, Croda International, Petra Diamonds
(Sharecast News) - Deutsche Bank downgraded Abrdn to 'sell' from 'hold' on Wednesday and cut its price target on the stock from 175.0p to 135.0p, arguing that accelerating stake sales won't offset wider headwinds.
Broker tips: Bakkavor, Accsys Technologies
(Sharecast News) - Analysts at Berenberg lowered their target price on food manufacturing group Bakkavor from 110.0p to 95.0p on Tuesday, citing a lower earnings trajectory.
Broker tips: AB Foods, Tate & Lyle, James Fisher
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on Primark owner AB Foods from 1,850.0p to 1,575.0p on Monday, stating "reality" was now dawning.
Broker tips: Associated British Foods, Energean
(Sharecast News) - Analysts at Barclays downgraded Associated British Foods to 'equal weight' on Friday, stating visibility was "just too low".
Broker tips: Treat, Ocado, Asos
(Sharecast News) - Analysts at Berenberg initiated coverage on ingredients manufacturer Treatt at 'buy' on Thursday, stating the stock was "a natural beauty".
Broker tips: BHP, Equals Group
(Sharecast News) - Analysts at Berenberg reiterated their 'hold' rating on mining giant BHP on Wednesday, stating its recently announced bid for OZ Minerals was "sensible" but "too low".
Broker tips: BT Group, Aviva, Arrow Exploration
(Sharecast News) - Analysts at Berenberg downgraded telecommunications giant BT Group from 'buy' to 'hold' on Tuesday, citing a "corridor of concerns".
Broker tips: Tyman, Rockhopper Exploration
(Sharecast News) - Analysts at Berenberg downgraded construction firm Tyman from 'buy' to 'hold' and slashed their target price on the stock from 420.0p to 250.0p on Monday, stating now was "not the right time".
Broker tips: Hunting, Gulf Keystone
(Sharecast News) - Analysts at Berenberg raised their target price on oil and gas industry supplier Hunting from 275.0p to 325.0p on Friday, stating momentum was building into an improving outlook.
Broker tips: Eurocell, Pearson
(Sharecast News) - JPMorgan Cazenove reinstated its 'overweight' rating on Pearson on Thursday, highlighting the education publisher's defensive qualities.
Broker tips: Bango, Bunzl, Made.com
(Sharecast News) - Analysts at Berenberg kept their recommendation for payments technology outfit Bango at 'buy' following its acquisition of rival NTT DOCOMO.
Broker tips: GSK, IHG, 888
(Sharecast News) - Citigroup put pharmaceuticals company GlaxoSmithKline on "positive catalyst watch" on Friday as it pointed to legal developments related to the company's now-discontinued Zantac heartburn drug.
Broker tips: Hargreaves Lansdown, Biffa, AstraZeneca
(Sharecast News) - Analysts at JP Morgan reiterated their underweight stance on Hargreaves Lansdown due to the combination of their forecasts for a drop in UK gross domestic product in 2023, alongside "elevated" inflation and the rise in overall living costs, amongst other factors.
Broker tips: Bunzl, Halfords
(Sharecast News) - Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Bunzl ahead of the value added distributor's first half results.
Broker tips: Joules, Experian
(Sharecast News) - Liberum downgraded its recommendation for retail and homeware retailer Joules on the back of a deteriorating outlook for consumer spend.
Broker tips: Gem Diamonds, BHP
(Sharecast News) - Analysts at Berenberg slashed their target price for shares of Gem Diamonds on the back of the miner's second quarter trading statement.
Broker tips: 888, Haleon
(Sharecast News) - Analysts at Deutsche Bank slashed their target price for shares of 888 following the company's first set of results following completion of the acquisition of William Hill.
Broker tips: Wheaton Precious Metals, CMC Markets, Coca-Cola HBC
(Sharecast News) - Analysts at Berenberg lowered their target price on Wheaton Precious Metals from 3,800.0p to 3,600.0p on Monday following a "mixed" second quarter for the group.
Broker tips: the Gym Group, Coca-Cola HBC
(Sharecast News) - Analysts at Berenberg slashed their target price on fitness centre operator the Gym Group from 290.0p to 180.0p on Friday and said it was "staying on the sidelines" as far as the stock was concerned.
Broker tips: Strix Group, Jupiter Fund Management
(Sharecast News) - Analysts at Berenberg lowered their target price on kettle controls manufacturer Strix Group from 310.0p to 245.0p on Thursday but said the firm was "not of steam".
Broker tips: Atalaya Mining, Pets At Home
(Sharecast News) - Analysts at Berenberg lowered their target price on Atalaya Mining from 400.0p to 370.0p on Wednesday after the group's second-quarter results fell short of expectations.
Broker tips: Hargreaves Lansdown, Firstgroup
(Sharecast News) - JPMorgan Cazenove reiterated its 'underweight' rating and 770.0p price target on Hargreaves Lansdown on Tuesday following the investment platform's half-year results a day earlier.
Broker tips: Hargreaves Lansdown, Touchstone Exploration, Legal & General
(Sharecast News) - Analysts at Barclays took a fresh look at financial services giant Hargreaves Lansdown following the release of the group's full-year results last week.
Broker tips: Hikma Pharmaceuticals, BAE Systems, Go-Ahead Group
(Sharecast News) - Barclays downgraded Hikma Pharmaceuticals on Friday to 'equalweight' from 'overweight' and cut the price target to 1,750.0p from 2,250.0p as it said a lack of visibility in the generics division was a real concern.
Broker tips: Sage, Ergomed, Travis Perkins, Smith & Nephew
(Sharecast News) - Analysts at Canaccord Genuity upgraded software firm Sage from 'hold' to 'buy' on Thursday, stating the group was "more resilient than you think".
Broker tips: Ascential, BAE Systems, Centrica
(Sharecast News) - Analysts at Berenberg downgraded business-to-business media firm Ascential from 'buy' to 'hold' on Wednesday and slashed their target price on the stock to 290.0p from 450.0p, stating it was now "cutting losses".
Broker tips: HSBC, Anglo Pacific, Pearson
(Sharecast News) - Analysts at Berenberg raised their target price on lender HSBC from 560.0p to 625.0p on Tuesday, stating the group's recent second-quarter earnings saw the company deliver "a clean enough sweep".
Broker tips: NatWest, Capital Limited
(Sharecast News) - Analysts at Berenberg raised their target price on lender NatWest from 300.0p to 350.0p on Monday, stating the group's second-quarter results had provided "a valuable glance" at its "attractive" return prospects.
Broker tips: Wizz Air, Kainos Group, AstraZeneca
(Sharecast News) - Analysts at Berenberg lowered their target price on low-cost carrier Wizz Air from 3,300.0p to 3,200.0p on Friday, stating recent capacity rationalisation was aiding unit revenues for the summer.
Broker tips: JD Wetherspoon, Mycelx Technologies, Lloyds
(Sharecast News) - Analysts at Berenberg slashed their target price on pub chain JD Wetherspoon from 1,050.0p to 580.0p on Thursday, stating it was now "hard to predict management decisions".
Broker tips: Unilever, EasyJet
(Sharecast News) - Analysts at Deutsche Bank upgraded consumer goods company Unilever to 'buy' from 'hold' on Wednesday, stating prospects had now improved for the group.
Broker tips: Ryanair, Dunelm
(Sharecast News) - Analysts at Deutsche Bank slightly raised their target price on low-cost carrier Ryanair from €15.3o to €15.50 per share on Tuesday following the group's first-quarter results.
Broker tips: Ferrexpo, Ocado, Watches of Switzerland
(Sharecast News) - Credit Suisse upgraded Ferrexpo to 'outperform' from 'neutral' on Monday but cut its price target on the stock to 250.0p from 260.0p.
Broker tips: Hochschild, FeverTree, Quilter, Strix
(Sharecast News) - Analysts at Berenberg downgraded mining group Hochschild from 'buy' to 'hold' on Friday, citing operational risks.
Broker tips: Royal Mail, Haleon, eEnergy
(Sharecast News) - Analysts at Berenberg lowered their target price on postal service operator Royal Mail from 575.0p to 480.0p on Thursday but reiterated their 'buy' rating on the stock.
Broker tips: Entain, Quilter
(Sharecast News) - Analysts at Berenberg lowered their target price on bookmaker Entain from 2,060.0p to 1,950.0p on Wednesday, stating there was still value in the shares despite the company's "weaker" second-quarter trading performance.
Broker tips: Direct Line, FeverTree, Naked Wines, Haleon
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on insurance group Direct Line from 290.0p to 240.0p following the company's trading update.
Broker tips: Agronomics, FeverTree, Rio Tinto
(Sharecast News) - Analysts at Canaccord Genuity initiated coverage on cellular agriculture company Agronomics with a 'buy' rating and 19.0p target price on Monday, stating the group was "healthy, sustainable, kinda - and profitable".
Broker tips: Senior, easyJet, Direct Line
(Sharecast News) - Senior surged on Friday after Barclays upgraded the shares to 'overweight' from 'underweight' and lifted the price target on the stock to 183.0p from 137.0p.
Broker tips: IntegraFin, Hunting, Wise
(Sharecast News) - Analysts at RBC Capital Markets slashed their target price on financial services company IntegraFin from 515.0p to 380.0p on Thursday ahead of the group's third-quarter trading update.
Broker tips: Coca-Cola Hellenic, RS Group, Anglo Pacific
(Sharecast News) - Analysts at Deutsche Bank raised their target price on Coca-Cola Hellenic from 2,475.0p to 2,525.0p on Wednesday, stating they were expecting "another solid release" from the firm.
Broker tips: LendInvest, British Land, 888 Holdings
(Sharecast News) - Analysts at Berenberg lowered their target price on mortgage lender LendInvest from 275.0p to 230.0p on Tuesday, stating the group's outlook was "cloudy" despite a "strong" end to its 2022 trading year.
Broker tips: Molten Ventures, Domino's Pizza
(Sharecast News) - Analysts at Berenberg lowered their target price on venture capital firm Molten Ventures from 1,300.0p to 1,050.0p on Monday but said a recent portfolio stress test proved the group's stock was "too cheap".
Broker tips: WPP, Ferrexpo, Persimmon
(Sharecast News) - Analysts at Berenberg lowered their target price on media giant WPP on Friday from 1,230.0p to 915.0p and reiterated its 'hold' rating on the stock, stating it was "not yet time to buy".
Broker tips: Rio Tinto, Trainline, Hargreaves Lansdown
(Sharecast News) - Analysts at Berenberg downgraded their rating on shares of Rio Tinto from 'hold' to 'sell', telling clients that they believed there was more downside in the shares.
Broker tips: Hunting, Informa, Intertek
(Sharecast News) - Analysts at Canaccord Genuity upgraded their rating for shares of Hunting from 'hold' to 'buy' following the recent sharp spill lower in the share price after the company posted its second quarter results.
Broker tips: 888, Dechra, Kitwave, Moneysupermarket
(Sharecast News) - Analysts at Deutsche Bank resumed coverage on gambling giant 888 Holdings at 'buy' on Tuesday, branding it as the "king of the hill".
Broker tips: Pets At Home, Sainsbury's, Dunelm
(Sharecast News) - Pets at Home shares tumbled on Monday as RBC Capital Markets downgraded the shares to 'underperform' from 'sector perform' and slashed the price target to 280p from 330p, partly on valuation grounds.
Broker tips: CapCo, Shaftesbury, Abrdn, Jupiter Fund Management
(Sharecast News) - 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.
Broker tips: National Grid, Intertek, Pan African Resources
(Sharecast News) - 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
(Sharecast News) - 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".
Broker tips: Marks Electrical, Severn Trent, Softcat
(Sharecast News) - 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
(Sharecast News) - 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".
Broker tips: THG, Liontrust, Rentokil Initial, Cerillion
(Sharecast News) - Citi resumed coverage of e-commerce group THG on Thursday with a 'buy' rating and 220.0p price target.
Broker tips: NatWest, B&M Value, Anglo Pacific
(Sharecast News) - Jeffries has upgraded its rating on NatWest Group from 'hold' to 'buy' on Wednesday on the back of rising interest rates.
Broker tips: Mediclinic, Spire Healthcare, Asos, Boohoo, AB Foods, Pearson
(Sharecast News) - Analysts at Berenberg initiated coverage on Mediclinic and Spire Healthcare on Tuesday as they took a fresh look at the healthcare sector.
Broker tips: EMIS Group, ITM Power, Paragon Banking
(Sharecast News) - Analysts at Canaccord Genuity downgraded healthcare software provider EMIS Group from 'buy' to 'hold' on Monday after the company became the latest M&A target in the UK mid-market technology sector late last week.
Broker tips: Hargreaves Lansdown, Asos
(Sharecast News) - Analysts at Berenberg lowered their target price on financial services company Hargreaves Lansdown from 1,250.0p to 925.0p on Friday, stating there were "few tailwinds to fight near-term headwinds".
Broker tips: DiscoverIE, Virgin Money, Boohoo, Victrex, Synthomer
(Sharecast News) - Analysts at Berenberg lowered their target price on electronic components manufacturer DiscoverIE from 1,150.0p to 920.0p on Thursday but stated they still sensed "an opportunity" for investors.
Broker tips: B&M European Value Retail, Wizz Air, Cranswick, Rolls-Royce
(Sharecast News) - Barclays upgraded its stance on shares of B&M European Value Retail on Wednesday to 'overweight' from 'equalweight' as it pointed to an "attractive" valuation even if zero pandemic benefit is retained.
Broker tips: Wizz Air, Close Brothers
(Sharecast News) - Analysts at Berenberg upgraded low-cost carrier Wizz Air from 'hold' to 'buy' on Tuesday, stating the group was "playing the long game".
Broker tips: Sainsbury's, Rolls-Royce
(Sharecast News) - Analysts at Berenberg lowered their target price on supermarket giant J Sainsbury from 285.0p to 235.0p on Monday, stating discretionary spending exposure had dampened the outlook for the stock.
Broker tips: Hurricane Energy, Travis Perkins
(Sharecast News) - Analysts at Canaccord Genuity upgraded exploration and production firm Hurricane Energy from 'hold' to 'speculative buy' on Friday, stating the company had "weathered significant storms" that had nearly left it shipwrecked.
Broker tips: Lords Group, Shell, Entain, Flutter Entertainment
(Sharecast News) - Analysts at Berenberg initiated coverage on construction goods distributor Lords Group with a 'buy' rating on Thursday, stating it was a "fast-growing UK builders' merchant".
Broker tips: Chemring, Standard Chartered
(Sharecast News) - Analysts at Berenberg raised their target price on technology products and services group Chemring from 360.0p to 420.0p on Wednesday, stating the firm's "strong" first-half performance had highlighted underlying momentum.
Broker tips: Glencore, JD Sports, Miners
(Sharecast News) - Analysts at Citi reiterated their 'buy' recommendation (Target price: 700.0p) for shares of Glencore despite the fact that consensus longs often go wrong.
Broker tips: AstraZeneca, Enquest, FirstGroup
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' recommendation with a 120.0p target price for shares of AstraZeneca following the release of the company's clinical trial results for its treatment against metastatic breast cancer.
Broker tips: B&M, Impax Asset Management
(Sharecast News) - Analysts at Berenberg lowered their target price on asset manager Impax from 1,350.0p to 1,250.0p on Wednesday as ongoing market volatility had somewhat offset the firm's "strong H1 results".
Broker tips: BHP, Vodafone
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on mining giant BHP from 2,400.0p to 2,250.0p on Tuesday following the group's recent petroleum exit.
Broker tips: DCC, Johnson Matthey, RWS Holdings
(Sharecast News) - RBC Capital Markets downgraded sales, marketing, and support services group DCC on Monday to 'sector perform' from 'outperform' and slashed its price target on the stock to 5,800.0p from 7,500.0p.
Broker tips: DWF Group, Countryside
(Sharecast News) - Analysts at Berenberg initiated coverage on legal and professional services firm DWF Group at 'buy' on Friday, stating the company was "undervalued and largely misunderstood" by public markets.
Berenberg initiates coverage on DWF Group at 'buy'
(Sharecast News) - Analysts at Berenberg initiated coverage on legal and professional services firm DWF Group at 'buy' on Friday, stating the company was "undervalued and largely misunderstood" by public markets.
Broker tips: Bodycote, Pets At Home
(Sharecast News) - Analysts at Berenberg lowered their target price on metal heat treating company Bodycote from 1,030.0p to 780.0p on Thursday, stating the group's current trading performance was "a mixed bag".
Broker tips: Compass Group, Avon Protection, Darktrace
(Sharecast News) - Analysts at RBC Capital Markets raised their target price on foodservice company Compass Group from 1,340.0p to 1,500.0p on Wednesday following the group's "strong" first-half results earlier in the month.
Broker tips: Vesuvius, International Airlines Group
(Sharecast News) - Analysts at Berenberg lowered their target price on engineered ceramics company Vesuvius from 600.0p to 480.0p on Tuesday, highlighting that the firm was "undoubtedly a cyclical business" given its exposure to the steel and foundry markets.
Broker tips: Fevertree, Burberry
(Sharecast News) - Analysts at Berenberg lowered their target price on drinks maker Fevertree from 2,250.0p to 2,000.0p on Monday as it continued to assess downtrading risks.
Broker tips: Royal Mail, Marshalls, EasyJet
(Sharecast News) - Analysts at Berenberg lowered their target price on courier Royal Mail from 650.0p to 575.0p on Friday, stating there was "no reprieve" for the stock just yet.
Broker tips: Auto Trader, Future
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on automotive classified advertising business Auto Trader from 800.0p to 720.0p on Thursday ahead of the group's full-year results on 26 May.
Broker tips: WH Smith, Convatec, Reckitt
(Sharecast News) - JPMorgan Cazenove upgraded WHSmith on Wednesday to 'overweight' from 'neutral' and hiked the price target to 1,900.0p from 1,760.0p, saying it sees both an inflection point for the business and consistent momentum in the recovery data.
Broker tips: Homeserve, Next, Diploma
(Sharecast News) - Analysts at Berenberg lowered their target price on home repairs and improvements business Homeserve from 1,260.0p to 1,205.0p on Tuesday, stating a bid from Brookfield Asset Management's infrastructure fund appeared to be approaching.
Broker tips: Kainos, Boohoo, Centrica
(Sharecast News) - Analysts at Berenberg downgraded software outfit Kainos from 'buy' to 'hold' on Monday, stating the firm was now "stuck in an awkward spot".
Broker tips: Coca-Cola HBC, Drax Group, Aveva
(Sharecast News) - Jefferies upgraded Coca-Cola HBC to 'buy' from 'hold' on Friday and lifted its price target on the stock to 2,000.0p from 1,800.0p as it said although there was still no visibility on the endgame for the Russia/Ukraine conflict, it has more confidence in the underlying earnings prospects of the business.
Broker tips: SSE, Capital & Counties, HomeServe
(Sharecast News) - Analysts at Berenberg upgraded energy firm SSE from 'hold' to 'buy' on Thursday, stating they now see "a buying opportunity".
Broker tips: Avast, Ashtead
(Sharecast News) - Analysts at Berenberg lowered their target price on software firm Avast from 680.0p to 550.0p on Wednesday but said they still think the group's fundamentals "remain sound".
Broker tips: Abcam, Direct Line, IWG
(Sharecast News) - Analysts at RBC Capital Markets lowered their target price on protein research tools producer Abcam from 1,950.0p to 1,700.0p on Tuesday in order to better reflect share price movements at competitors.
Broker tips: Mondi, Rathbone Brothers, Beazley
(Sharecast News) - Credit Suisse cuts its price target on Mondi shares to 1,940.0p from 2,150.0p to reflect the paper and packaging group's decision to divest its high-margin Russian operations.
Broker tips: Barratt Developments, Trainline, Boohoo
(Sharecast News) - Analysts at Berenberg slightly lowered their target price on construction firm Barratt Developments from 810.0p to 790.0p but said it saw "no signs of a slowdown".
Broker tips: BP, Hunting
(Sharecast News) - Analysts at Berenberg raised their target price on oil and gas major BP from 450.0p to 500.0p on Thursday following a "strong" first-quarter performance and an even better outlook for Q2.
Broker tips: Unilever, Johnson Matthey
(Sharecast News) - Analysts at Berenberg raised their target price on consumer goods giant Unilever from £36.50 to £38 per share on Wednesday following a "big" first-quarter beat for the firm.
Broker tips: Petrofac, M&G, St James's Place, Boohoo
(Sharecast News) - Analysts at Berenberg upgraded oilfield services provider Petrofac from 'hold' to 'buy' on Tuesday, stating the group was now "emerging into the light".
Broker tips: Standard Chartered, Darktrace
(Sharecast News) - Analysts at Berenberg hiked their target price on financial services company Standard Chartered from 640.0p to 750.0p on Friday, citing a "moment of clarity" on growth and returns.
Broker tips: WPP, Standard Chartered
(Sharecast News) - Analysts at Berenberg hiked their target price on media group WPP from 1,185.0p to 1,230.0p on Thursday after the company raised guidance despite apparent headwinds.
Broker tips: System1, Compass Group, Anglo Pacific
(Sharecast News) - Analysts at Canaccord Genuity upgraded their position on market research company System1 from 'hold' to 'buy' on Wednesday, citing "predicting profitable growth".
Broker tips: AJ Bell, Corero Network Security
(Sharecast News) - Analysts at Berenberg slashed their target price on online investment platform operator AJ Bell from 400.0p to 300.0p on Tuesday, citing a negative mark-to-market.
Broker tips: Anglo American, Berkeley Group
(Sharecast News) - Analysts at Berenberg lowered their target price on mining giant Anglo American from 4,300.0p to 4,000.0p on Friday, but said it continues to take "a constructive view" of the stock despite a "hard Q1".
Broker tips: Rio Tinto, Volex
(Sharecast News) - Analysts at Berenberg downgraded mining giant Rio Tinto from 'buy' to 'hold' on Thursday, stating steel demand headlines had tempered sentiment.
Broker tips: Wizz Air, Prudential
(Sharecast News) - 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.
Broker tips: ITV, Kainos
(Sharecast News) - 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
(Sharecast News) - 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.
Broker tips: Dr Martens, Hammerson, ITM Power
(Sharecast News) - 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: AstraZeneca, Rolls Royce
(Sharecast News) - Analysts at Berenberg raised their target price on AstraZeneca shares from £100 to £120 on Tuesday, stating the stock was now "hot to trop".
Broker tips: Sainsbury, Pets At Home, WPP
(Sharecast News) - Analysts at Jefferies upgraded supermarket Sainsbury's from 'hold' to 'buy' on Monday after taking a fresh look at general retailers in the UK.
Broker tips: Intertek, Moonpig
(Sharecast News) - HSBC downgraded its recommendation on shares of inspection, product testing and certification group Intertek on Friday, slashing the price target to 5,700.0p from 6,500.0p.
Broker tips: Hurricane Energy, TI Fluid Systems, Polymetal
(Sharecast News) - Analysts at Canaccord Genuity upgraded exploration and production firm Hurricane Energy from 'sell' to 'hold' on Thursday, stating the group appeared to be "pivoting to better times".
Broker tips: Crest Nicholson, AstraZeneca
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating on Crest Nicholson on Wednesday after the group became the first listed housebuilder to sign up to the government's Building Safety Programme.
Broker tips: Vodafone, Moneysupermarket, Darktrace
(Sharecast News) - Berenberg downgraded Vodafone to 'hold' from 'buy' on Tuesday and trimmed its price target on the stock to 145.0p from 150.0p as it said there were simpler investments cases in the sector that were less reliant on M&A execution and offered more upside.
Broker tips: Kingfisher, Fuller, Smith & Turner, Aviva
(Sharecast News) - Deutsche Bank upgraded B&Q owner Kingfisher on Monday to 'buy' from 'hold', highlighting, among other things, a cheap valuation.
Broker tips: Bridgepoint, Kooth, Close Brothers
(Sharecast News) - Citi upgraded its stance on private equity firm Bridgepoint on Friday to 'buy' from 'neutral' as it said the share price fall was overdone.
Broker tips: Strix Group, Pearson, Next
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on kettle safety controls manufacturer Strix Group from 375.0p to 300.0p on Thursday as it pondered whether near-term headwinds would "bark or bite".
Broker tips: IQE, Antofagasta, Experian
(Sharecast News) - Analysts at Canaccord Genuity downgraded semiconductor IQE from 'speculative buy' to 'hold' on Wednesday, stating the firm was stuck between "a wafer and a chip place".
Broker tips: Lloyds Banking Group, Barclays, TinyBuild
(Sharecast News) - The positive investment case for British banks is starting to weaken, JP Morgan said on Tuesday, as it reiterated Lloyds Banking Group as its top pick but cut its rating on Barclays.
Broker tips: JD Sports, Knights Group
(Sharecast News) - JD Sports should prove to be one of the more resilient models in the European general retail sector this year, RBC Capital Markets said in a note on Monday.
Broker tips: FeverTree Drinks, B&M European Value Retail, HomeServe
(Sharecast News) - Analysts at Berenberg lowered their target price on drinks maker FeverTree from 2,600.0p to 2,250.0p on Friday after the group lowered its full-year underlying earnings guidance.
Broker tips: IAG, Wizz Air, Atlantic Lithium, Rightmove
(Sharecast News) - Analysts at Deutsche Bank downgraded British Airways parent International Airlines Group and low-cost carrier Wizz Air from 'buy' to 'hold' on Thursday, stating they were now pricing in "a more turbulent outlook".
Broker tips: GB Group, Halma
(Sharecast News) - Analysts at Berenberg lowered their target price on software and services firm GB Group on Wednesday but stated the stock still represented "a good buying opportunity".
Broker tips: TP Icap, Safestore
(Sharecast News) - Shore Capital upgraded its stance on TP Icap on Tuesday to 'buy' from 'hold' on Tuesday following the company's results last week.
Broker tips: Bakkavor, Funding Circle, Beeks Financial Cloud, Hargreaves Lansdown
(Sharecast News) - Analysts at Berenberg lowered their target price on food manufacturer Bakkavor from 145.0p to 125.0p on Monday, stating pressures still lingered despite visible improvements.
Broker tips: Softcat, C&C Group, Jet2
(Sharecast News) - Berenberg upgraded IT infrastructure and services provider Softcat on Friday to 'buy' from 'hold' and reiterated its 1,900.0p price target on the stock.
Broker tips: Flutter, Standard Chartered
(Sharecast News) - Analysts at Berenberg cut their target price on bookmaker Flutter from 15,500.0p to 13,800.0p on Thursday but said the stock still offered up "quality at a reasonable price".
Broker tips: Smith & Nephew, Devolver Digital, Made.com
(Sharecast News) - RBC Capital Markets initiated coverage of medical products manufacturer Smith & Nephew at 'outperform' on Wednesday with a 1,700.0p price target.
Broker tips: Vitec, Aptitude Software
(Sharecast News) - Analysts at Berenberg lowered their target price on live streaming technology outfit Vitec from 1,840.0p to 1,590.op on Tuesday but stated the firm had still delivered a "solid recovery" and a "positive outlook" for 2022.
Broker tips: National Express, Craneware
(Sharecast News) - Liberum slashed its price target on National Express from 365.0p to 290.0p on Monday to remove upside from the now-abandoned Stagecoach deal
Broker tips: Tyman, Deliveroo
(Sharecast News) - Analysts at Berenberg lowered their target price on construction firm Tyman from 500.0p to 420.0p on Friday but said the group had remained "resilient under pressure".
Berenberg lowers target price on Tyman
(Sharecast News) - Analysts at Berenberg lowered their target price on construction firm Tyman from 500.0p to 420.0p on Friday but said the group had remained "resilient under pressure".
Broker tips: Stagecoach, Synthomer, Molten Ventures
(Sharecast News) - Analysts at Liberum downgraded public transport operator Stagecoach from 'buy' to 'hold' on Thursday but stated yesterday's 105.0p cash offer provided some "short-term certainty".
Broker tips: SSE, Gfinity, ITV, Victorian Plumbing
(Sharecast News) - Citi upgraded SSE to 'buy' from 'neutral' on Wednesday as it said the company was well placed to benefit from any long-term acceleration of energy transition.
Broker tips: Essentra, Travis Perkins, ITV
(Sharecast News) - Analysts at Berenberg initiated coverage on essential components and solutions provider Essentra at 'buy' on Tuesday, stating the firm was "more than the sum of its components".
Broker tips: Totally, Empiric Student Property, Bunzl
(Sharecast News) - Analysts at Canaccord Genuity slightly raised their target price on healthcare services provider Totally from 60.0p to 70.0p on Monday after the group's "immediately earnings enhancing" acquisition of Pioneer Health Care for up to £13.0m.
Broker tips: Senior, Royal Mail
(Sharecast News) - Analysts at Berenberg lowered their target price on aerospace and defence outfit Senior from 180.0p to 150.0p on Wednesday, stating that while the firm was "well-positioned", its shares also appeared to already be "fairly valued".
Broker tips: Aveva, Ocado
(Sharecast News) - Analysts at Numis slashed their target price on software firm Aveva from 4,500.0p to 4,000.0p on Tuesday but said the ongoing shift towards subscription services would generally improve the quality of the firm going forward.
Broker tips: Anglo American, Qinetiq, Kitwave
(Sharecast News) - Analysts at Berenberg hiked their target price on diversified mining outfit Anglo American from 3,600.0p to 3,800.0p on Monday, stating the firm has "still got it".

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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