Royal Mail surged on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’ and lifted the price target to 374.0p from 253.0p, saying it sees a potential strong improvement in trading over the next 18 months, due in part to an improved revenue outlook. “In our view, this …
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Analysts at Berenberg upgraded their rating on hotel operator Whitbread from ‘hold’ to ‘buy’ on Friday, stating the current price of the stock left the group undervalued given its real estate portfolio. Berenberg said that following Whitbread’s recent weakness, it believes that the risk-reward balance on the company had shifted …
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Analysts at Berenberg slashed their target price on aerospace and defence manufacturer Rolls-Royce from 890.0p to 270.0p on Friday but upped their rating on the firm from ‘hold’ to ‘buy’, stating nothing was priced in for a turnaround. Berenberg said the market appears to have given up on Rolls-Royce, with …
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People are currently forced to stay at home during the global coronavirus pandemic to avoid getting infected by the viral disease. Some are already stuck with their girlfriend or partner, who may open their devices, such as Android phones, to check what they are doing on social media or text …
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Royal Mail was under pressure on Wednesday as Liberum reiterated its ‘sell’ rating on the stock and slashed the price target to 120p from 175p, arguing that the company’s strategy is undeliverable. The broker said the fact that management openly questioned the achievability of its 2024 targets just nine months …
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The first quarter of 2020 is “make or break” for Hargreaves Lansdown as investors examine whether weak inflows are the result of temporary factors or increased competition, Berenberg said as the broker cut its price target on the company’s shares. Keeping their ‘hold’ rating on the stock the Berenberg analysts …
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The peddler of car parts and bicycles has issued four profit warnings in two years, blaming the changeable weather along the way, while its shares have halved to 171p, giving it a value of £340m. Chambers noted that the main reason it had not been more of a “bloodbath” was …
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Analysts at Canaccord Genuity raised their target price on British landlord Greene King on Tuesday, but lowered their recommendation for the firm’s shares from ‘buy’ to ‘hold’ following the previous session’s accepted offer from CK Noble. Shares of Greene King surged on Monday after the pub group agreed to be …
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