(Sharecast News) - Jefferies has upgraded its rating on GlaxoSmithKline to 'buy' and cut AstraZeneca to 'hold' as part of its review of the European pharma sector. "We are positive on sector fundamentals but see 2024 headwinds: a relative scarcity of big catalysts, US...
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RBC Capital cuts Rentokil price target
(Sharecast News) - RBC Capital Markets cut its price target on Rentokil Initial on Wednesday to 575p from 610p as it downgraded forecasts for forex and a greater back-end loading of TMX synergies, but said it believes the long-term story remains intact. The bank said...
Citi stays cautious about Experian on falling US credit flows
(Sharecast News) - Citi has lifted its target price for data analytics and consumer credit reporting group Experian after a near-30% jump in the stock in the past two months, but has maintained a 'neutral' rating on the stock. Citi said back in August that while US...
JP Morgan sees no upside at Softcat despite share-price weakness
(Sharecast News) - JP Morgan has reiterated its 'underweight' rating on Softcat following investor feedback on its recent downgrade, saying that the stock is still too expensive given the deteriorating outlook for the IT infrastructure and services provider. Back in...
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Apple shares hit by downgrade on iPhone 15 disappointment
(Sharecast News) - Apple futures were falling sharply on Tuesday morning after analysts at Barclays cut their rating on the stock from...
Berenberg lifts target price for M&G but keeps ‘hold’
(Sharecast News) - Berenberg has hiked its target price for life insurance group M&G from 208p to 225p after updating its estimates for...
Berenberg lowers Admiral to ‘hold’
(Sharecast News) - Analyst at Berenberg downgraded insurance group Admiral from 'buy' to 'hold' on Thursday but raised its target price on...
Shore Capital reiterates ‘buy’ on Frasers after Matchesfashion purchase
(Sharecast News) - Shore Capital has reiterated its 'buy' recommendation on Frasers Group after the retail conglomerate purchased...
Exane BNP upgrades Intertek to ‘outperform’
(Sharecast News) - Exane BNP Paribas upgraded Intertek on Wednesday to 'outperform' from 'underperform', saying it sees 20% upside from a...
Berenberg raises target price on BAE Systems
(Sharecast News) - Analyst at Berenberg raised their target price on aerospace and defence firm BAE Systems from 1,170.0p to 1,220.0p on...
Berenberg lowers target price on John Wood Group
(Sharecast News) - Analysts at Berenberg lowered their target price on engineering and consulting business John Wood Group from 200.0p to...
Canaccord upgrades Future to ‘hold’ on GoCompare strength
(Sharecast News) - Canaccord Genuity has upgraded its rating for multimedia group Future Plc from 'sell' to 'hold', saying that downside...
Canaccord Genuity lowers target price on Star Energy
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on exploration and production company Star Energy from 73.0p...
RBC says Bunzl shares are overvalued, keeps at ‘underperform’
(Sharecast News) - Bunzl's recent share-price rebound means the stock is "too expensive", according to RBC Capital Markets which...
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