Thursday broker round-up
10th Jan 2019 13:28
(Sharecast News) - Burberry: Berenberg downgrades to hold with a target price of 1,920p.
Read moreTuesday broker round-up
20th Nov 2018 14:00
(Sharecast News) - Coats: RBC Capital Markets initiates at outperform with a target price of 110p.
Read moreRBC backs UK engineering, dismisses downturn concerns
20th Nov 2018 13:34
(Sharecast News) - Fears that the British engineering sector is facing a significant downturn have been overplayed, according to analysts at RBC Capital Markets, leaving a number of companies undervalued.
Read moreFTSE 250 movers: Convatec plummets, upgrades drive AA and Avast
15th Oct 2018 14:48
(Sharecast News) - London's mid cap index fell 170 points to 18,803.45 on Monday, led by Convatec and Superdry.
Read moreFriday broker round-up
5th Oct 2018 13:40
(Sharecast News) - Intertek Group: Berenberg upgrades to buy with a target price of 5,500p.
Read moreLiberum warns of looming capital goods correction, cuts Bodycote and IMI
6th Sep 2018 16:02
(Sharecast News) - A "sharp correction" is coming for the capital goods sector, broker Liberum warned on Thursday, leading it to downgrade engineering firms Bodycote and IMI.
Read moreWednesday broker round-up
1st Aug 2018 13:19
(Sharecast News) - Rightmove: Berenberg downgrades to sell with a target price of 4,100p.
Read moreIMI lifts expectations after decent first half
31st Jul 2018 13:17
(Sharecast News) - IMI posted its interim results for the six months to 30 June on Tuesday, with adjusted revenue rising 8% to £915m and adjusted operating profit up 13% to £120m.
Read moreSunday share tips: IMI, LXI, IHG
19th Feb 2017 13:51
(ShareCast News) - IMI shares were tipped as worth holding in the Sunday Times' Inside the City column. Costs have been cut at the valve-making group in the year of the recent oil price slump, with results on Friday watched keenly after its shares have risen from their 2016 low of 745p to above 1,20
Read moreCredit Suisse upgrades IMI, downgrades Rotork
26th Jan 2017 10:19
(ShareCast News) - Credit Suisse has upgraded IMI to 'outperform' from 'neutral' and downgraded Rotork to 'neutral' from 'outperform', lifting the former's price target to 1,220p from 1,020p and cutting the latter's to 250p from 230p. The upgrade of IMI is on the basis that around 60% of its end mar
Read moreMerrill Lynch upgrades Spectris and Spirax, prefers Smiths Group
11th Jan 2017 11:40
(ShareCast News) - Engineering shares were boosted by a note from Bank of America Merill Lynch that upgraded Spectris and Spirax-Sarco Engineering but said Smiths Group was its preferred UK name in a sector where investors are looking to rotate towards cyclical stocks. While positive data indicators
Read moreSector movers: Industrial Engineers up despite tough end markets
1st Dec 2016 17:19
(ShareCast News) - Another day of solid gains for crude oil futures boosted the oil patch again. Close behind were Industrial Engineers, with shares in Rotork, IMI and Weir Group pacing gains. Commenting on the messages delivered by the three companies at the latest biannual Valveworld trade show i
Read moreSector movers: Investors catch their breath after sharp rotation towards cyclicals, ponder next move
11th Nov 2016 21:56
(ShareCast News) - Defensives and so-called 'bond proxies' took over from cyclicals such as aerospace and defence or industrial engineers following two days of gains for the latter after the unexpected election results Stateside. That had left some cyclicals technically 'overbought' while "defensive
Read moreWeak sterling gives IMI a boost
10th Nov 2016 08:49
(ShareCast News) - Specialist engineering company IMI issued its interim management statement on Thursday, for the period from 1 July to 30 September. The FTSE 250 firm said progress with its strategic initiatives was continuing and expectations for the year remained consistent with market estimates
Read moreCredit Suisse starts Weir, Rotork at 'outperform'
20th Sep 2016 11:02
(ShareCast News) - Credit Suisse initiated coverage of Rotork and Weir at 'outperform' as it took a look at the pan-European capital goods sector. The bank gave Rotork a 230p price target. "We see Rotork as a high-quality company and while we do not discount a recovery in end markets, we see continu
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