Analysts at Societe Generale upgraded their recommendation on stock of BP from 'hold' to 'buy', citing fading concerns regarding the Deepwater Horizon disaster.
Analysts at Goldman Sachs upgraded their recommendation for shares of Evraz on Monday from ‘hold’ to ‘buy’, telling clients that industry spreads and margins are above mid cycle levels and that they believe these will be sustained, "supported by tightening steel market supply-demand fundamentals and rising cost pressures. ".
Analyst Clive Black of Shore Capital believes that Tesco, which has hired consultants to look into a possible launch of a discount grocery chain to try and thwart the fast-growing rivals Aldi and Lidl, would have to make a major push to justify the move, could face a considerable challenge with customers and put pressure on its profit margins should the discount site cannibalise its own customer demand in trying to become "one of the LADs".
Analysts at Numis downgraded their recommendation on shares of polymer manufacturer Victrex from 'add' to 'hold' on Monday, saying that although the company's business model remained "highly cash generative", an impending FX headwind was set to limit the upside in its share price.
RBC Capital Markets cut its stance on Moneysupermarket. com to 'sector perform' from 'outperform', chopping the target price to 350p from 425p, saying that while the company's diversified model makes it a winner over the longer-term, the near-term could be more challenging.
Peel Hunt upgraded Cineworld to 'buy' from 'hold' and lifted the price target to 270p from 254p on Monday as it changes its forecasts to reflect the acquisition of US rival Regal Entertainment and the related rights issue.
Tesco has hired consultants to look into a possible launch of a discount grocery chain to try and thwart the fast-growing rivals Aldi and Lidl.
Moneysupermarket. com: Barclays downgrades to sector perform with a target price of 350p.