Broker Recommendations
Citi upgrades LondonMetric to 'buy'
Citi upgraded LondonMetric on Wednesday to ‘buy’ from ‘neutral’ as it said cyclical growth and structural expertise was undervalued.
JPMorgan ups Spectris to ‘neutral’, says risk/reward more balanced
JPMorgan Cazenove upgraded Spectris on Wednesday to ‘neutral’ from ‘underweight’ and lifted the price target to 2,950p from 2,750p as it said the risk/reward was now more balanced.
Diageo's sell-off marks attractive buying opportunity, says Citi
Diageo's stock was attempting a rebound on Wednesday after a sell-off the previous session as its full-year results disappointed, but that didn't stop Citi from reiterating its 'buy' recommendation on the stock.
Deutsche Bank downgrades Man Group to 'hold'
Deutsche Bank downgraded Man Group on Tuesday to ‘hold’ from ‘buy’ and cut the price target to 280p from 325p.
Citi puts Flutter Entertainment shares on ‘positive catalyst watch’
Citi opened a 30-day "positive catalyst watch" on shares of Flutter Entertainment on Tuesday ahead of its results on 13 August.
RBC Capital downgrades Howden Joinery to ‘sector perform’
RBC Capital Markets downgraded Howden Joinery on Tuesday to ‘sector perform’ from ‘outperform’ to reflect limited implied upside.
Canaccord Genuity ups Hochschild forecasts on strong output, pricing
Canaccord Genuity has hiked its target price for Hochschild Mining by 16% on the back of last week's strong first-half production report and improving pricing outlook.
Berenberg hikes target price on Natwest
Analysts at Berenberg hiked their target price on banking group Natwest from 350. 0p to 415. 0p on Monday following the group's "comprehensively strong" Q2 results last week.
Jefferies hikes Drax target by 25% after strong interim results
Jefferies has hiked its target price for power station operator Drax by 25% after a "confident" presentation from the firm in last week's interim results gave the market increased visibility over the future outlook.
RBC names M&S and Currys as top UK retail picks
Wage inflation and easier comparatives with last year could lead to a pick-up in demand for UK retailers this autumn, according to RBC Capital Markets which has highlighted M&S and Currys as its top stock picks.
Berenberg hikes target price on Unilever
Analysts at Berenberg hiked their target price on consumer goods giant Unilever from £49. 60 to £55. 70 on Friday, stating that the group's recent H1 results highlighted a return to "high-quality earnings growth".
RBC Capital downgrades Lloyds after shares hit price target
RBC Capital Markets downgraded Lloyds Banking Group on Friday to ‘sector perform’ from ‘outperform’ after the shares hit its 60p price target.
Canaccord Genuity lowers target price on CAB Payments
Over at Canaccord Genuity, analysts cut their target price on fintech group CAB Payments from 240. 0p to 214. 0p on Thursday following the group's H124 trading update.
Berenberg upgrades Ascential to 'buy' following Informa bid
Analysts at Berenberg upgraded business-to-business media firm Ascential to 'buy' from 'hold' and hiked their target price on the stock to 568. 0p from 395. 0p following a takeover offer from Informa.
Berenberg raises target price on Volution
Over at Berenberg, analysts hiked their target price on ventilation equipment business Volution to 600. 0p from 500. 0p on Wednesday following the group's full-year trading update.
Canaccord Genuity lowers target price on Nexteq
Analysts at Canaccord Genuity lowered their target price on B2B technology group Nexteq from 300. 0p to 200. 0p on Wednesday despite "strong margins and cash", noting that destocking persisted.
Berenberg lowers target price on SThree following H1 earnings
Analysts at Berenberg lowered their target price on specialist staffing organisation SThree from 550. 0p to 520. 0p on Tuesday but said the group's contract focus offered resilience versus peers.
Shore Capital sees potential for further upgrades at Compass
Shore Capital has reiterated its 'buy' rating for Compass Group after a report of strong third-quarter trading from the catering giant, saying it expects consensus forecasts to be revised higher following the update.
Canaccord Genuity starts MP Evans at 'buy'
Over at Canaccord Genuity, analysts initiated coverage on Indonesian palm oil supplier MP Evans with a 'buy' rating and 1,250. 0p target price on Monday, highlighting the group's "strong financial returns".
Berenberg upgrades The Gym Group to 'buy'
Analysts at Berenberg upgraded their stance on The Gym Group from 'hold' to 'buy' on Monday and hiked their target price on the stock from 121. 0p to 180. 0p, stating the company was "in good shape".