Broker Recommendations
Broker tips: Dunelm, Persimmon, RWS Holdings
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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".