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BROKER RATINGS SUMMARY: Merrill Lynch Raises Glaxo To Buy From Neutral

Wed, 09th Dec 2015 09:37

LONDON (Alliance News) - The following shares received analyst recommendations Wednesday morning:
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FTSE 100
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TRADERS: MERRILL LYNCH RAISES GLAXOSMITHKLINE TO 'BUY' ('NEUTRAL')
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DEUTSCHE BANK CUTS PEARSON PRICE TARGET TO 770 (950) PENCE - 'SELL'
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TRADERS: CANACCORD INITIATES WOLSELEY WITH 'BUY'
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JPMORGAN CUTS WPP PRICE TARGET TO 1,760 (1,785) PENCE - 'OVERWEIGHT'
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MERRILL LYNCH CUTS BP PRICE TARGET TO 340 (355) PENCE - 'UNDERPERFORM'
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EXANE BNP CUTS G4S PRICE TARGET TO 250 (275) PENCE - 'NEUTRAL'
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CITIGROUP RAISES ITV PRICE TARGET TO 290 (280) PENCE - 'NEUTRAL'
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S&P CAPITAL IQ CUTS ANGLO AMERICAN PRICE TARGET TO 400 (600) PENCE - 'HOLD'
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HSBC CUTS ANGLO AMERICAN PRICE TARGET TO 300 (410) PENCE - 'REDUCE'
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UBS RAISES SAGE GROUP PRICE TARGET TO 490 (480) PENCE - 'SELL'
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UBS CUTS MEGGITT PRICE TARGET TO 375 (400) PENCE - 'NEUTRAL'
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BERNSTEIN RAISES HARGREAVES LANSDOWN TARGET TO 1,260 (860)P - 'UNDERPERFORM'
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TRADERS: JEFFERIES CUTS ANGLO AMERICAN TO 'UNDERPERFORM' ('HOLD')
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BERENBERG CUTS BT GROUP PRICE TARGET TO 535 (570) PENCE - 'BUY'
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FTSE 250
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DEUTSCHE BANK RAISES RIGHTMOVE PRICE TARGET TO 3,200 (2,950) PENCE - 'HOLD'
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EXANE BNP CUTS VICTREX PRICE TARGET TO 2,300 (2,400) PENCE - 'OUTPERFORM'
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JPMORGAN CUTS VICTREX PRICE TARGET TO 1,800 (1,950) PENCE - 'NEUTRAL'
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PEEL HUNT RAISES ENTERTAINMENT ONE TO 'BUY' ('REDUCE')
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GOLDMAN CUTS GREENE KING TO 'NEUTRAL' ('BUY') - TARGET 1,100 (1,060) PENCE
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HSBC RAISES BETFAIR PRICE TARGET TO 4,200 (3,400) PENCE - 'BUY'
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TRADERS: MORGAN STANLEY RAISES ICAP TO 'EQUAL-WEIGHT' ('UNDERWEIGHT')
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TRADERS: MORGAN STANLEY RAISES TULLETT PREBON TO 'OVERWEIGHT' ('EQUAL-WEIGHT')
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BARCLAYS CUTS WEIR GROUP PRICE TARGET TO 1,150 (1,250) PENCE - 'EQUAL WEIGHT'
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TRADERS: JEFFERIES RAISES MONEYSUPERMARKET.COM TO 'BUY' ('HOLD')
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MAIN MARKET AND AIM
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LIBERUM RAISES CONYGAR INVESTMENT PRICE TARGET TO 208 (203) PENCE - 'BUY'
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2015 Alliance News Limited. All Rights Reserved.

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BUZZ-Mitchells & Butlers: Bottom of FTSE 250 after Barclays cuts PT, rating

** Pub operator Mitchells & Butlers' shares down 4.7 pct, bottom of the FTSE 250, after Barclays cuts to "underweight", slashes PT to 220P from 375P ** Barclays concerned much of lfl sales growth is being achieved by either capex or price rises ** Analysts add although the National Li

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25 Jan 2017 08:52

UPDATE 1-Restaurant Group sales fall, UK cost warning hits shares

(Adds details, context, share price fall) Jan 25 (Reuters) - Restaurant Group's sales fell last year and the owner of the Frankie & Benny's chain warned on Wednesday that a hike in Britain's minimum wage will drive costs higher in 2017. Shares in Restaurant Group, which operates more

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19 Jan 2017 06:45

Restaurants and pubs enjoy strong festive trading, Coffer Peach finds

(ShareCast News) - UK pubs and restaurants enjoyed an equal uplift in trading over the Christmas and New Year period, as a bumper six weeks for London drove a second consecutive month's improvement. Data on the largest managed pub and restaurant groups over the six weeks to January 8 found a collect

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15 Dec 2016 09:48

Pubs and restaurants bounce led by London, Coffer Peach survey finds

(ShareCast News) - London led a rebound for the eating and drinking out sector in November, with good growth in pub sales and a return to annual growth for restaurants, but it was a case of glass-half-full outside the capital. The Coffer Peach Business Tracker found November like-for-likes sales gre

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14 Dec 2016 20:59

CORRECTED-UPDATE 3-Heineken in bid battle for Punch Taverns

(Corrects to show Heineken splitting portfolio with investment partner Patron; paragraphs 1, 10, 11) * Heineken, Patron vs Alan McIntosh in $400 mln takeover * Heineken already has a pub business with good margins * Suitors have until Jan. 11 to make official bids By Marti

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7 Dec 2016 09:33

BROKER RATINGS SUMMARY: Credit Suisse Raises Rio Tinto And Cuts BHP

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1 Dec 2016 09:31

BROKER RATINGS SUMMARY: Credit Suisse Raises BP To Outperform

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30 Nov 2016 08:23

Greene King's consumer and cost worries overshadow pub profits

(ShareCast News) - First half profits at Greene King bubbled higher thanks to tasty organic growth and the first seven weeks from the acquired Spirit pubs business, but the brewer served up a side order of caution about rising consumer and cost pressures. As well as noting the "demand challenges" of

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30 Nov 2016 07:53

TOP NEWS: Greene King Says Spirit Pub Synergies Year Ahead Of Schedule

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23 Nov 2016 16:10

UK Earnings, Trading Statements Calendar - Next 7 Days

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13 Oct 2016 14:41

Thursday newspaper share tips: Marston's, Greene King, Monks

(ShareCast News) - Investors' worries about the impact which inflation will have on Marston's and Greene King are overstated and the shares are cheap, The Times's Tempus said. They are well-positioned in the market, well-funded relative to their peers and their brewing operations are proving success

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15 Sep 2016 09:27

Pubs outdo restaurants again in August, Coffer Peach data shows

(ShareCast News) - UK large pub and restaurant groups enjoyed better sales in August as Britain took advantage of better weather to eat and drink out. There was a 0.6% increase in like-for-like (LFL) sales at managed pubs, bars and restaurants, up from 0.3% last month, according to the monthly Track

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13 Sep 2016 12:50

Greene King to move Spirit pub employees away from zero-hour contracts

(ShareCast News) - UK based pub retailer and brewer Greene King has announced that it is going to move workers from its acquired Spirit pubs off zero-hour contracts, according to a report by The Guardian. The company had already moved its staff away from zero-hour contracts before acquiring Spirit i

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9 Sep 2016 16:24

Britain's FTSE sees biggest weekly decline since May

* FTSE 100 down 1.2 pct * Broad-based decline across most sectors * Banks extend post-ECB rally * Bunzl, Burberry fall after downgrades * Mid-cap pub operators in focus after results (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets

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9 Sep 2016 11:35

UPDATE 1-Wetherspoon upbeat as Greene King delivers post-Brexit warning

(Recasts, adds Wetherspoon Chairman comment, analysts, share price reaction, context) By Rahul B Sept 9 (Reuters) - Pub operator J D Wetherspoon gave an upbeat evaluation of its post-Brexit prospects on Friday, even as a trading update from rival Greene King cast a nervous eye towards

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