Canaccord Genuity upgraded Rathbone Brothers to ‘buy’ from ‘hold’ on Friday following recent share price weakness.
Mining giant Randgold Resources' shares offered "a great buying opportunity" after falling on the back of its first-quarter results, Citigroup said as the miner was a quality stock with an attractive valuation.
Despite beverage maker Nichols continuing to make good progress in new markets, Berenberg was still concerned that blows to its Middle East operations as a result of the ongoing conflict would hurt profit growth across the firm as a whole.
Greggs’ weaker like-for-like growth at the start of 2018 and management’s cautious outlook suggest near-term performance could be more subdued, Berenberg said as it cut the stock to ‘hold’ from ‘buy’ and reduced the price target to 1,225p from 1,425p, adding that this could cause a delay in the special dividend.
There were differing opinions among analyst over UK utilities on Friday, with water company Severn Trent in particular downgraded by Bernstein and recommended by JPMorgan Cazenove.
Greggs: Berenberg downgrades to hold with a target price of 1,225p.