Wednesday broker round-up - UPDATE
1st Feb 2012 07:03
Shire Pharmaceuticals: Credit Suisse maintains outperform rating and 2,350p target. Reckitt Benckiser: Credit Suisse maintains outperform rating and 3,800p target. easyJet: Credit Suisse maintains outperform rating and 503p target. Meggitt: Credit Suisse reiterates underperform rating and 330p ta
Read moreMonday broker round-up - UPDATE
30th Jan 2012 08:57
Rio Tinto: Goldman Sachs upgrades from neutral to buy. Whitbread: Credit Suisse downgrades from outperform to neutral, 1,818p target maintained. Weir: Credit Suisse ups target from 2,200p to 2,275p, outperform rating kept. ARM Holdings: Nomura raises target from 570p to 580p, neutral recommendati
Read moreThursday broker round-up - UPDATE
12th Jan 2012 09:08
Reckitt Benckiser: J.P. Morgan Cazenove downgrades to neutral from overweight. Tesco: Nomura reiterates buy rating and 500p target; Panmure Gordon cuts target from 500p to 440p, buy rating unchanged. Royal Bank of Scotland: Shore Capital reiterates sell. Tesco: Shore Capital downgrades to hold fr
Read moreWednesday broker round-up - UPDATE
11th Jan 2012 08:56
Unilever: Bank of America Merrill Lynch downgrades to underweight from neutral. Aggreko: Credit Suisse downgrades to neutral from outperform. Capita: Citi upgrades to buy from neutral. Reckitt Benckiser: Morgan Stanley upgrades to overweight from neutral. Rentokil: RBC upgrades to top-pick fr
Read moreBroker tips: M&S, Reckitt, Debenhams
10th Jan 2012 11:20
Panmure Gordon and Peel Hunt seem reasonably pleased with the latest statement from high street titan Marks & Spencer (M&S), but both brokers have maintained their hold ratings on the stock after leaving their profit forecasts unchanged. Panmure said that with its valuation models pointing at a sha
Read moreBroker snap: Credit Suisse keeps outperform rating on Reckitt
10th Jan 2012 10:46
Household products group Reckitt Benckiser was given a boost on Tuesday morning by Credit Suisse, which reiterated its outperform rating on the stock. "We believe that Reckitt's business model is still healthy and concerns over the sustainability of margins are overdone." While Credit Suisse did a
Read moreTuesday broker round-up - UPDATE
10th Jan 2012 09:15
Cairn Energy: Oriel upgrades to add from hold. Tesco: Bank of America Merrill Lynch downgrades to neutral from buy. Marks & Spencer: Panmure Gordon reiterates hold and 307p target; Peel Hunt maintains hold and 350p target. Barclays: UBS cuts target from 215p to 199p, neutral rating unchanged. R
Read moreFTSE 100 Movers: Banks lead the way higher
2nd Dec 2011 13:26
Banking giants Barclays, Lloyds Banking Group, Royal Bank of Scotland and Standard Chartered were all making strong gains, in line with the broader European banking sector, as fears over the Eurozone crisis eased. RBS was also boosted by news that it is to sell its tenanted pub business of 918 pubs
Read moreSecond day of sales for Reckitt Benckiser director
1st Dec 2011 13:55
Peter Harf, the deputy chairman of the board at Reckitt Benckiser, has once again sold millions of pounds worth of shares in the firm, totalling £23m in just three days. The company insists the director, who has occupied his position since 1999, isn't going anywhere just yet. "He's made the sale
Read moreThursday broker round-up - UPDATE
1st Dec 2011 09:56
Royal Bank of Scotland: Evolution Securities cuts target from 40p to 35p, buy rating unchanged. Marks & Spencer: Investec downgrades from buy to hold. Next: Investec upgrades from hold to buy. Kingfisher: Investec reiterates hold, target cut from 245p to 235p. Cairn Energy: UBS cuts target from
Read moreReckitt Benckiser director sells £13.3m of shares
30th Nov 2011 16:52
The deputy chairman of the board at Reckitt Benckiser has sold off millions of pounds worth of his stake in the firm. Peter Harf, who has occupied his position since 1999, sold 416,000 shares at 3,208.92p each for a total of £13,349,107. Towards the end of October the firm, which makes a number
Read moreBroker tips: Reckitt Benckiser, HSBC, Weir
8th Nov 2011 14:01
Popular perceptions of Reckitt Benckiser's growth model are mistaken and there are other factors which favour the stock going forward relative to its peers, according to Nomura. Whereas many see the household goods maker as excessively exposed to Western Europe and North America, along with too muc
Read moreBroker snap: Nomura reiterates buy on Reckitt Benckiser, 3,900p target
8th Nov 2011 12:45
Popular perceptions of Reckitt Benckiser's growth model are mistaken and there are other factors which favour the stock going forward relative to its peers, according to Nomura. Whereas many see the household goods maker as excessively exposed to Western Europe and North America, along with too muc
Read moreDigital Look broker talk
8th Nov 2011 11:32
Reckitt Benckiser: "However, contrary to common perception, the success of Reckitt Benckiser's business model has had, historically, very little to do with trading the consumer up" but has rather relied on gross margin-accretive acquisitions and a strong focus on cost-saving initiatives" [Nomura].
Read moreSector movers: Industrials metals stocks stumble on global worries
1st Nov 2011 16:26
The Greek referendum announcement and three lots of negative economic data sent miners into a spin on Tuesday. The industrial metals and mining sector was the worst performer of the day, with constituents losing an average of 7.56%. First Quantum Minerals, Talvivaara Mining and Ferrexpo were the wo
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