Broker Recommendations
Broker tips: IAG, Babcock
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Jefferies upgraded EnQuest and Capricorn Energy on Monday on valuation versus risks grounds.
Broker tips: Mondi, Smurfit Kappa, Smiths Group
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
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.