Broker Recommendations
Broker tips: Rio Tinto, Bunzl
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
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
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
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
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
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
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.
Broker tips: Big Technologies, EasyJet, Kitwave
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.
Berenberg lowers target price on Big Technologies
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
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
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
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
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
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
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
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
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
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
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
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.