Broker Recommendations
Broker tips: AB Foods, Primary Health Properties, IAG
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
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
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
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
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
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
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
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
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
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
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
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
HSBC downgraded Abrdn to 'reduce' from 'hold' on Friday as it took a look at UK wealth managers.
Broker tips: Ashtead Technology, Next
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
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
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
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
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
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
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.