Broker Tips
Broker tips: Antofagasta, Coats Group, RWS, Easyjet
Shares in Chilean copper miner Antofagasta were proving resilient on Friday in the face of a downgrade to 'sell' from 'neutral' by Goldman Sachs, which slashed its price target to 700p from 850p as it argued that the stock's valuation is stretched following the recent rally.
Goldman downgrades Antofagasta on valuation grounds
Shares in Chilean copper miner Antofagasta were proving resilient on Friday in the face of a downgrade to 'sell' from 'neutral' by Goldman Sachs, which slashed its price target to 700p from 850p as it argued that the stock's valuation is stretched following the recent rally.
Friday broker round-up
easyJet: JP Morgan downgrades to neutral with a target price of 1,450p.
Barclays starts Coats at 'equalweight', RWS at 'overweight'
Barclays initiated coverage of Coats Group and RWS Holdings on Friday.
EasyJet hit by JPMorgan downgrade, Ryanair profit warning
EasyJet shares were under pressure on Friday, knocked lower by a downgrade from JPMorgan Cazenove and a profit warning from rival Ryanair.