Broker Tips
Liberum maintains 'sell' stance on Royal Mail, dividend growth 'unsustainable'
Liberum analysts issued a damning report on shares of Royal Mail, reiterated their ‘sell’ rating on Thursday, stating that dividend growth was "unsustainable" and that the firm faces "significant" structural challenges with scant visibility on how things can be turned around, even if the sharp falls in profits across the board were “unsurprising” given an October profit warning.
Broker tips: G4S, Royal Mail, British American Tobacco
Credit Suisse lowered its estimates on G4S following its third-quarter trading statement, but the Swiss bank said the private security outfit's investment case was still "sufficiently attractive" for it to reiterate its 'outperform' rating on the group.
Deutsche Bank slashes British American Tobacco target price
Analysts at Deutsche Bank slashed their target price on shares of British American Tobacco after reviewing the potential actions that the US Food and Drug Administration might take on menthol cigarettes and litigation risks in Canada.
G4S update makes Credit Suisse more cautious
Credit Suisse lowered its estimates on G4S following its third-quarter trading statement, but the Swiss bank said the private security outfit's investment case was still "sufficiently attractive" for it to reiterate its 'outperform' rating on the group.
Thursday broker round-up
Bovis Homes: Shore Capital Markets upgrades to hold with a target price of 967p.
Credit Suisse upgrades UK equities, says early elections 'unlikely'
Credit Suisse upgraded its view on UK stocks on Wednesday, arguing that investors had 'thrown in the towel', leaving shares undervalued in the process.