Broker Recommendations
Bernstein recommends shopping for Morrisons, regardless of what 'sell-side' says
Analysts at Bernstein upgraded their view on Morrisons on Thursday, touting its best-in-class long-term total shareholders' return and arguing that it made for a "great" income stock despite it being unloved by the so-called 'sell-side'.
FCA poses 'more risks' to Provident Financial, Berenberg slashes target
Provident Financial is planning a £330m rights issue after reaching a resolution with the Financial Conduct Authority over its ROP product but Berenberg has downgraded its rating to 'sell' from 'hold' as it sees various risks hanging over profits .
Thursday broker round-up
Provident financial: Berenberg downgrades to sell with a target price of 550p.
Jefferies downgrades Ted Baker, RBC Capital reiterates 'outperform'
Fashion retailer Ted Baker was under the cosh on Thursday as Jefferies cut its stance on the stock to ‘hold’ from ‘buy’ and dropped the price target to 2,700p from 3,000p.
Credit Suisse ups target price for Barclays
Analysts at Credit Suisse bumped up their target price for Barclays's shares on the back of the positive impact from recent tax reforms in the States.
Morgan Stanley goes 'overweight' on ABF
In a world full of companies struggling in the face of structural pressures, Associated British Foods/Primark and Inditex stand out as two firms investors "should generally want" to own over the long-term, Morgan Stanley says.
Victrex is set for strong growth, Credit Suisse says
Victrex’s growth is likely to accelerate over the next eight years as new applications for its PEEK polymer become more popular, Credit Suisse analysts said in a note to clients.
Wednesday broker round-up
Burberry: Goldman Sachs upgrades to buy with a target price of 2,395p.
Goldman upgrades Burberry, highlights small cap top tips
Luxury fashion's push into online "can change the traditional luxury distribution model", Goldman Sachs thinks, upgrading its recommendation on Burberry's shares as a result.
Canaccord cautious on Game Digital as loyalty plans develop
Analysts at Canaccord reiterated their ‘hold’ rating of Game Digital on Tuesday as the positive attitude of the computer game retailer's management team is offset by uncertain results of the collaboration with Sports Direct.
Berenberg sets a floor after Victoria pullback
Analysts at Berenberg said a share pullback at Victoria was "overdone" and that not all repair, maintenance, and improvement firms are made equal.
Glencore stands out for Credit Suisse analysts
Glencore stands out in a UK mining sector that is cheaper than the wider market and mid-cap sector peers, Credit Suisse analysts said.
Tuesday broker round-up
4imprint Group plc: Berenberg downgrades to sell with a target price of 1,400p.
Credit Suisse ups target for Rolls Royce, but stays at 'underperform'
Analysts at Credit Suisse have marked-up their target price on shares of Rolls Royce on expectations for operating profits to almost triple over the next four years.
Goldman Sachs turns positive on gold, highlights best gold miners
Goldman Sachs' commodities analysts have turned positive on gold for the first time in five year, as the yellow metal's dislocation from US interest rates "is here to stay".
Deutsche updgrades RBS on 'unjustified underperformance'
Deutsche Bank has upgraded its recommendation on Royal Bank of Scotland as the shares' underperformance "is not justified".
Credit Suisse slashes target price for Allied Minds
Analysts at Credit Suisse slashed their target on shares of Allied Minds, telling clients they were still waiting for the commercial proof points from the company and pointed out its ongoing rate of 'cash burn'.
Canaccord downgrades Just Eat, no longer so convinced
Just Eat was under pressure as Canaccord Genuity downgraded the stock to 'hold' from 'buy' and slashed the price target to 700p from 850p as it published new forecasts following last week's prelims and new guidance.
Friday broker round-up
Mitie Group: Barclays upgrades to overweight with a target price of 180p.