Broker Recommendations
Broker tips: B&M, UK life insurers, Vodafone
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
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
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
Berenberg reinitiated coverage of Informa on Tuesday with a ‘buy’ recommendation and 820p price target.
Broker tips: Lloyds, Cranswick, On The Beach
JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.
Broker tips: AO World, JTC
Shore Capital has cut its recommendation on AO World to ‘hold’, after a rally in the share price.
Broker tips: Keyword Studios, JTC
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
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
RBC Capital Markets cut its price target on Travis Perkins on Monday to 1,200p from 1,250p.
Broker tips: Centrica, JTC
Citi reiterated its ‘buy’ rating on British Gas owner Centrica on Friday as it argued that the stock’s tepid share price performance in recent days despite the tailwind from a solid trading statement is a reflection of positioning rather than concerns on fundamentals.
Broker tips: Man Group, Croda
JPMorgan Cazenove relaunched coverage of Man Group on Thursday with an ‘overweight’ rating and 293p price target.
Broker tips: Aston Martin, Ceres Power
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
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
UBS has upgraded Crest Nicholson, Persimmon and Vistry Group in its latest review of UK housebuilders.
Broker tips: Hammerson, Lloyds, British Land, Landsec
Barclays upgraded Hammerson on Friday to ‘overweight’ from ‘underweight’ and lifted the price target to 30p from 25p.
Broker tips; NatWest, Lloyds, Rio Tinto
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
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
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
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
JPMorgan Cazenove placed Prudential shares on ‘positive catalyst watch’ on Friday into the first-half results in August.