ShareCast News - Broker Recommendations
Broker tips: Kingfisher, St James's Place, Halfords
The recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead.[1 Hour Ago]
Broker snap: Investec upbeat about turnaround plan at Halfords
Investec has recommended investors to 'buy' on share-price weakness at Halfords after the car- and bike-parts retailer announced a turnaround plan to boost growth in the future.[1 Hour Ago]
Broker snap: Panmure upbeat about St James's Place after Lloyds sale
Shares in St James's Place (SJP) fell sharply on Thursday morning after Lloyds placed 77m shares in the wealth manager, but Panmure Gordon kept its 'buy' rating for the stock saying it still remains its top pick for 2013.[2 Hours Ago]
Broker snap: Nomura downgrades Kingfisher ahead of 'difficult year'
The recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead.[3 Hours Ago]
Thursday broker round-up UPDATE
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation.[3 Hours Ago]
Broker snap: Lloyds to meet capital targets, but Investec still cautious
Lloyds moved to reassure markets on Wednesday by playing down concerns about new tough capital requirements, but Investec still rates the stock as a 'sell'.[Yesterday 16:00]
Broker tips: ARM, Kazakhmys, Britvic
Shares in chip designer ARM Holdings were under heavy selling pressure on Wednesday following the group's investor day this week, with a number of brokers choosing to remain cautious on the name given the stock's sky-high valuation after a strong rise so far this year.[Yesterday 11:29]
Broker snap: UBS downgrades Kazakhmys on lower ENRC bid potential
UBS has downgraded its rating for Kazakhstan-focused miner Kazakhmys from 'buy' to 'neutral', saying that the prospects regarding a bid for fellow miner ENRC (in which it holds a large stake) have deteriorated.[Yesterday 10:21]
Broker snap: Canaccord raises concerns with Britvic
Canaccord Genuity has kept its 'hold' rating and 380p target price for soft-drinks group Britvic despite a well-received first-half result, raising concerns ahead of its potential merger with sector peer AG Barr.[Yesterday 10:06]
Wednesday broker round-up UPDATE
Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation.[Yesterday 09:37]
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