Friday broker round-up
20th Nov 2015 09:58
(ShareCast News) - South32 Limited: UBS downgrade to neutral, trims target price to 67.00p. Vedanta Resources: UBS downgrades to neutral, cuts target price to 400.00p. Imi: Nomura upgrades to buy, bumps down target price to 955.00p. Diageo: JP Morgan Cazenove upgrades to overweight, lifts target p
Read moreBroker tips: IMI, Daily Mail&General Trust, G4S
13th Nov 2015 10:53
(ShareCast News) - Societe Generale downgraded IMI to 'hold' from 'buy' and slashed the price target to 975p from 1,350p after the company said on Thursday that earnings for the year would be at the low end of market views. "We remain upbeat on the longer-term benefits of the strategic turnaround pr
Read moreSocGen downgrades IMI, sees little upside surprise in next 12 months
13th Nov 2015 09:33
(ShareCast News) - Societe Generale downgraded IMI to 'hold' from 'buy' and slashed the price target to 975p from 1,350p after the company said on Thursday that earnings for the year would be at the low end of market views. "We remain upbeat on the longer-term benefits of the strategic turnaround pr
Read moreFriday broker round-up
13th Nov 2015 09:23
(ShareCast News) - Spire Healthcare Group: JP Morgan Cazenove downgrades to neutral, cuts target price to 310.00p. Weir Group: Deutsche upgrades to buy, bumps down target price to 1360.00p. Imi: JP Morgan Cazenove downgrades to neutral, reduces target price to 930.00p. SABMiller: Berenberg Bank do
Read moreIMI slumps as it says earnings will be at low end of market views
12th Nov 2015 08:05
(ShareCast News) - IMI slumped on Thursday after the engineering company said it expects adjusted earnings for the year to be towards the lower end of the range of current market estimates amid challenging market conditions. The company said revenues for the three months to the end of September were
Read moreFriday broker round-up
9th Oct 2015 16:28
(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. Carillion: Investec Securities downgrades to hold. Target price: 300.00p. Weir Group: RBC Capital Markets downgrades to underperform, bumps down target price to 50.00p. United Utilities Group: Credit Suisse upgrades
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreBroker tips: Soco International, M&S, UK industrials
8th Oct 2015 13:44
(ShareCast News) - Soco International was under pressure on Thursday after UBS downgraded the stock to 'sell' from 'neutral', keeping the price target at 150p. It said that with the stock having rallied strongly over recent days it is now trading at 1.24x commercial net asset value and on an implied
Read moreInvestec reviews UK industrial stocks; upgrades IMI, downgrades Weir
8th Oct 2015 10:31
(ShareCast News) - Investec took a look at the UK industrials space, upgrading IMI to 'buy' from 'hold', while cutting Spectris to 'hold' from 'buy' and both Vesuvius and Weir to 'sell' from 'hold'. Investec said that for most companies, trading in September will have been weak, not terrible, just w
Read moreJefferies downgrades IMI, Rotork and Oxford Instruments
22nd Sep 2015 14:25
(ShareCast News) - Jefferies downgraded IMI to 'hold' from 'buy' and cut its price target to 1,150p from 1,050p as it took a look at the UK capital goods sector. Jefferies said there is an attractive long-term investment case at IMI, but the near-term outlook for the group still faces challenges fro
Read moreFTSE 250 movers: JD Sports surges on beefed up profit forecast, Moneysupermarket drops as Lewis sells shares
31st Jul 2015 15:12
(ShareCast News) - London's FTSE 250 index was up 0.6% at 17,618.23 at 14:51 BST, with online retailer JD Sports Fashion pacing the advance. Shares in JD Sports Fashion surged after the company said it expects its full-year profit to be 10% ahead of current market forecasts of around £110m, as tradi
Read moreIMI drips lower as fluid market challenges continue
31st Jul 2015 10:25
(ShareCast News) - Sales at IMI, the fluid control engineer, declined more than expected in the first six months of the year, as its markets continued to provide a challenging backdrop, with a tentative warning about full year orders. While the order book remained resilient year-on-year with no sign
Read moreFriday broker round-up
15th May 2015 15:12
SAB Miller: Berenberg reiterates buy and 3,920 price target. IMI: Nomura reiterates reduce stance, lowers target to 1,115p from 1,175p. ITV: Barclays downgrades to equal-weight with 260p target. HSBC: Berenberg reiterates buy and lowers target to 750p from 790p. Hiscox: Canaccord Genuity reiterat
Read moreFriday broker round-up
8th May 2015 10:42
IMI: JP Morgan reiterates overweight. ITV: Westhouse Securities reiterates add and 288p target. Aviva: Canaccord Genuity reiterates buy and 600p target. Randgold Resources: Credit Suisse reiterates neutral and 5,050p target. UBS stays at buy with 5,600p target. Provident Financial: Canaccord Genu
Read moreFTSE 250 movers: Telecity jumps 20% on £2.3bn Equinix offer
7th May 2015 15:26
Despite posting some slightly disappointing first-quarter results, datacentres group Telecity was leading the risers on the FTSE 250 after receiving a takeover offer from Equinix at 1,145p per share in cash and equity. This bid, at a 27% premium to the closing price on Wednesday, values Telecity at
Read more