Broker Tips
Thursday broker round-up
Tullow oil: Barclays downgrades to equal weight with a target price of 190p.
Broker tips: Shire, Bodycote, Indivior
Analysts at both Credit Suisse and Deutsche Bank dropped their target prices for Shire after the biotech group said its sales would grow in mid-single figures and profits would rise at a more glacial pace.
Costain, Balfour and Renew best placed for HS2 and other rail gains
Broker Numis said on Thursday that it expects UK rail to be a key growth area for the construction sector in the foreseeable future, with phase-one of HS2 in 2020 and 2021 offsetting the completion of major rail projects from Crossrail and Thameslink.
Jefferies reiterates 'buy' on Indivior's strong guidance
Jefferies, RBC Capital Markets and Numis reiterated their positive recommendations on Indivior as the opioid addiction drug maker's shares slipped on the back of final results on Thursday.
JPMorgan Cazenove upgrades Bodycote after pullback
Bodycote, which provides heat treatment services and specialist thermal processes, was boosted on Thursday as JPMorgan Cazenove upped the stock to 'overweight' from 'neutral' and bumped up the price target to 960p from 850p.
Credit Suisse and Deutsche Bank trim target prices on Shire
Analysts at both Credit Suisse and Deutsche Bank dropped their target prices for Shire after the biotech group said its sales would grow in mid-single figures and profits would rise at a more glacial pace.