Broker Tips
Broker tips: Greene King, Morgan Advanced Materials, British Land, ASOS, Paddy Power
Shares in Greene King were sent lower on Tuesday as Berenberg reiterated its view that the pub company was an investment "value trap", with underlying trading remaining poor and profit "likely to go backwards again" in 2018.
Investec downgrades Paddy Power as it explores US opportunity
Investec downgraded Paddy Power Betfair to 'sell' from 'buy' on Tuesday, cutting the price target to 8,010p from 8,570p as it revisited the investment case and explored the US opportunity in detail.
Berenberg slays Greene King's directors for 'destroying shareholder value'
Shares in Greene King were sent lower on Tuesday as Berenberg reiterated its view that the pub company was an investment "value trap", with underlying trading remaining poor and profit "likely to go backwards again" in 2018.
Morgan Advanced Materials at 'tipping point' for upside, analysts say
Two and a half years into a strategic pivot, Morgan Advance Materials is nearing a potential "tipping point", analysts at JPMorgan Cazenove believe, leading them to upgrade their rating and target price.
Liberum maintains 'hold' rating on 'steady' British Land
Analysts at Liberum maintained their 'hold' rating and 725p target price on real estate investment trust British Land on Tuesday.
Stagecoach's roadblocks are behind it, Citi reckons
After a bumpy few months, Stagecoach has a more open road ahead, Citigroup believes, upgrading its recommendation on the train and bus operator.
Goldman Sachs upgrades ASOS on higher revenue forecasts
Online fashion retailer ASOS rose on Tuesday as Goldman Sachs upped the stock to 'buy' from 'neutral' and lifted the price target to 7,900p from 7,100p on the back of higher revenue forecasts.