Broker Recommendations
Broker tips: Marks & Spencer, Intertek, Landsec
Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to ‘buy’ from ‘neutral’ as it argued the stock is still too cheap and consensus earnings too low.
Broker tips: Drax, Croda, Babcock
JPMorgan Cazenove cut its price target on Drax on Thursday to 740p from 830p as it lowered its valuation for the stock.
Broker tips: Burberry, Whitbread, REITs
Luxury fashion brand Burberry took a hit as both Morgan Stanley and Deutsche Bank cut their price targets on the stock.
Broker tips: Mothercare, Dr Martens
Mothercare's forecast-beating annual results demonstrate "resilience and adaptability" according to Shore Capital, but that wasn't enough to change the broker's 'hold' rating.
Broker tips: JD Sports, Dunelm
Shares in JD Sports Fashion surged on Thursday after the sportswear retailer beat forecasts with its interim results, with broker Shore Capital hailing "significant progress" as it reiterated its 'buy' rating on the stock.
Broker tips: C&C Group, Redrow
Shares in Bulmers and Magners maker C&C Group jumped on Tuesday after the drinks manufacturer delivered a "resilient" and "reassuring" underlying performance in the first half, according to Shore Capital.
Broker tips: Frasers, Trainline, Derwent London, Great Portland Estates
A deal to sell online retailer Missguided to Chinese fast fashion giant Shein could present more opportunities for owner Frasers Group than just an asset disposal, according to broker Shore Capital.
Broker tips: Rio Tinto, Anglo American, Entain, IG
JP Morgan upgraded its rating for Rio Tinto and raised target prices across the iron ore sector after turning more positive on the outlook for iron ore prices.
Broker tips: BP, Ashtead, Chemring
Analysts at Barclays stood by their 1,000. 0p target price for shares of BP ahead of the oil major's next capital markets day.
Broker tips: WOSG, CMC, JD Sports, Spirax-Sarco, beverage stocks
The significant exposure that Watches of Switzerland Group (WOSG) has to Rolex is both the group's main investment appeal and a key risk, according to broker Stifel which kicked off coverage of the stock with a 'hold' rating on Friday.
Broker tips: Sage, B&M, Darktrace
JP Morgan has placed Sage on its "positive catalyst watch" ahead of the accounting software group's fourth-quarter results in November, where it expects to see solid growth with its cloud finance offering Intacct.
Broker tips: B&M, Tesco, Lancashire
JP Morgan cut its performance rating for UK-listed stocks B&M and Tesco as part of its downgrade of the whole European food retail sector.
Broker tips: Hammerson, British Land, Moneysupermarket, UK construction
Morgan Stanley lifted its rating on Hammerson on Monday but downgraded Landsec as it took a look at property stocks.