Broker Recommendations
Citi upgrades Easyjet and IAG to 'buy', double-downgrades Lufthansa
Faced with a "favourable" demand outlook but multiple headwinds including re-emerging capacity risks, "underestimated" fuel headwinds, a kaleidoscope of pricing trends and industry-wide cost creep, analysts at Citi expressed a preference for the "less operationally-geared" names in the space.
UBS hikes target for Hunting on improved cost structure in US, "solid" results
UBS hiked its estimates for Hunting's operating profits over the short to medium term following what it described as a "solid" set of interims from the oilfield equipment and services outfit.
Morgan Stanley raises targets on Segro and Unite, cuts Intu
Analysts at Morgan Stanley downgraded their recommendation on European property stocks from 'attractive' to 'in-line', arguing that there was now not as much potential as before for returns on an absolute basis.
RBC Capital reiterates 'top pick' on ASOS, says margin fears unfounded
RBC Capital Markets reiterated its 'top pick' stance on online fashion retailer ASOS on Thursday, saying the shares should re-rate as fears prove unfounded.
Thursday broker round-up
Bellway: Deutsche Bank upgrades to buy with a target price of 2,745p.
Deutsche Bank upgrades Bellway, says current price good entry point
Bellway was on the rise on Thursday as Deutsche Bank upped it to 'buy' from 'hold' and lifted the price target to 3,745p from 3,716 as it took a look at the UK housebuilding sector.
RBC Capital downgrades IWG, says risk/reward unfavourable
RBC Capital Markets downgraded its stance on IWG, formerly Regus, to 'underperform' from 'sector perform' and cut its price target to 200p from 220p, saying the risk/reward was unfavourable.
Wednesday broker round-up
Barratt Developments: Citigroup upgrades to buy with a target price of 634p.
Berenberg starts Intu, Capital & Regional at 'buy'
Berenberg initiated coverage of Intu Properties and Capital & Reginal at 'buy' as it highlighted three key reasons why it sees value in the UK shopping centre market.
Morgan Stanley downgrades Inditex as investment case goes from 'great' to 'good'
Shares in Zara and Massimo Dutti owner Inditex tumbled on Wednesday after Morgan Stanley said the investment case has gone from "great" to "good," downgrading its stance on the stock to 'underweight' from 'equalweight' and cutting the price target to €21 from €26.
JP Morgan positive on Standard Life Aberdeen, but lowers target
JP Morgan argued in favour of patience on the part of investors in Standard Life Aberdeen, saying that recent management initiatives had succeeded in unlocking the value in the different parts of the business, leaving the asset management arm undervalued.
Downside for United Utilities now limited even if nationalised, Citi says
Analysts at Citi sounded a 'bullish' note on three of the UK's listed utilities, telling clients the trio's improved fundamentals were starting to show through, despite the heightened political uncertainty in the UK.
Tuesday broker round-up
John Laing Group: RBC Capital Markets downgrades to sector perform with a target price of 330p.
Ofwat's rethink is good news for water companies, HSBC says
The water regulator’s August position paper took a step back from an earlier more prescriptive stance, relieving concerns about Pennon, Severn Trent and United Utilities, HSBC said.
Citi starts Coats Group at 'buy'
Citi has initiated coverage of Coats Group, a supplier and manufacturer of sewing thread and zips and fasteners, with a 'buy' rating and 109p price target.
Admiral's 'same old story' overvalues reserve releases, Berenberg says
Admiral’s share price attaches value to unsustainable reserve releases, Berenberg said as the broker maintained its ‘sell’ rating on the FTSE 100 company's shares.
Friday broker round-up
Antofagasta: RBC Capital Markets upgrades to outperform with a target price of 950p.
Berenberg selects its top-picks in UK construction
Analysts at Berenberg sounded a positive note on several of the UK's main housebuilders, arguing that investors' concerns were overdone in several respects, including the sustainability of the dividend payouts from the sector, the impact declines in "average" house prices might have and buyer affordability.
On The Beach on the rise as Berenberg lifts target price
On The Beach got a boost on Friday as Berenberg upped its price target on the stock to 630p from 600p and reiterated its 'buy' rating following the company's in line trading statement and announced acquisition of Classic Collection Holidays.