Broker Recommendations
Goldman Sachs downgrades SSP to 'sell'
Goldman Sachs downgraded SSP, an operator of food and beverage outlets, to ‘sell’ from ‘neutral’ but lifted the price target to 575p from 535p.
Wednesday broker round-up
Tullow Oil: Canaccord downgrades to hold with a target price of 220p.
Credit Suisse downgrades 'great business' Hargreaves Lansdown
Hargreaves Lansdown is a great business but its valuation cannot be justified, Credit Suisse analysts said as they cut their rating on the savings, pensions and investment group.
TalkTalk tumbles as Exane slashes price target, forecasts dividend cut
TalkTalk took a tumble on Wednesday as Exane BNP Paribas slashed its price target on the stock by 35% to 90p, saying the company’s commercial recovery looks set to stall this year, as it reduced its subscriber, revenue and EBITDA estimates and said it expects a dividend cut.
Canaccord cuts Tullow Oil to 'hold' from 'buy', questions Kenya resources
Canaccord Genuity revised its stance on Tullow Oil on Wednesday from 'buy' to 'hold', cutting its target price from 250p to 220p following reports the company may not hold quite as much recoverable oil at its Kenyan asset as previously believed.
UBS downgrades Mediclinic after price recovers from low
UBS downgraded Mediclinic to 'neutral' from 'buy' as the risk-reward ratio "now looks more balanced" and the stock recovered from its low in November.
Tuesday broker round-up
Dechra Pharmatheuticals: Jefferies upgrades to buy with a target price of 2,631p.
Goldman Sachs increases share price target for ASOS
ASOS can quadruple revenue in the next decade, Goldman Sachs analysts said as the investment bank increased its share price target for the online fashion retailer.
Jefferies upgrades Dechra Pharmaceuticals after Dutch acquisitions
Jefferies upgraded its stance on veterinary pharmaceutical company Dechra Pharmaceuticals to ‘buy’ from ‘hold’ and lifted the price target to 2,322p from 2,221p following the group’s acquisition of Dutch firms AST Farma and Le Vet.
Monday broker round-up
Diageo plc: RBC Capital Markets downgrades to sector perform with a target price of 2,400p.
Shire's valuation is irrational, SocGen analysts say
Shire's valuation makes no sense and investors should buy shares in the UK pharmaceuticals company, according to analysts at Societe Generale.
Ocado will win more overseas business with 'compelling' offer - Credit Suisse
Ocado's target price was yanked higher by Credit Suisse on Monday as the online grocery specialist was seen winning further overseas deals based on its new "compelling" contract structure.
Smurfit Kappa gets a boost as Numis bumps up price target
Numis upped its price target on paper and packaging company Smurfit Kappa to 2,800p from 2,600p as its sum-of-the parts valuation approach is now based on 2018 forecasts.
RBC Capital 'reluctantly' downgrades Diageo
Diageo traded lower on Monday after RBC Capital Markets "reluctantly" downgraded the stock to 'sector perform' from 'outperform' as it cut the price target to 2,400p from 2,600p.
UBS issues SThree with 'buy' rating
Analysts at Swiss broker UBS issued a 'buy' rating on Friday for shares of London-based recruitment firm SThree together with a target price of 450p.
Canaccord lifts Gem Diamonds price target as large diamonds boost valuation
Canaccord Genuity lifted its price target on Gem Diamonds to 120p from 95p on Friday, keeping the stock at ‘speculative buy’, saying the frequency of the recovery of large stones has been greater than it expected.
Just Eat rallies as RBC Capital highlights M&A potential
Just Eat was the standout gainer on the FTSE 100 on Friday as RBC Capital Markets mulled over its M&A prospects.
UK water companies may need to cut dividends - Goldman Sachs
UK water companies are not in a good place, said Goldman Sachs on Friday, seeing Severn Trent, Pennon and United Utilities as likely to face further pressure on returns from the next regulatory review.
Europe's banks set for a strong 2018, claims S&P
Europe’s leading banks turned a corner last year, a decade after the financial crisis, and are likely to enjoy further growth in 2018, according to a report by S&P Global Ratings.