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LONDON BROKER RATINGS: Berenberg likes Inchcape, cuts Devolver Digital

Tue, 27th Sep 2022 09:38

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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FTSE 100

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RBC cuts Intertek price target to 3,900 (4,650) pence - 'underperform'

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JPMorgan raises Relx price target to 2,840 (2,800) pence - 'overweight'

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JPMorgan raises WPP price target to 1,290 (1,250) pence - 'overweight'

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JPMorgan raises Pearson price target to 1,080 (1,010) pence - 'overweight'

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JPMorgan raises Informa price target to 640 (620) pence - 'neutral'

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Deutsche Bank raises Kingfisher price target to 280 (270) pence - 'buy'

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Davy raises IAG to 'outperform' (neutral)

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FTSE 250

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Berenberg starts Inchcape with 'buy' - price target 1,035 pence

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JPMorgan cuts SSP price target to 320 (340) pence - 'overweight'

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Jefferies cuts 888 Holdings price target to 280 (370) pence - 'buy'

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UBS cuts Royal Mail price target to 205 (280) pence - 'neutral'

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Jefferies raises Ibstock price target to 187 (182) pence - 'hold'

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Jefferies cuts Qinetiq price target to 400 (411) pence - 'buy'

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Berenberg cuts Johnson Matthey price target to 2,200 (2,550) pence - 'buy'

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Berenberg cuts Tritax EuroBox price target to 100 (115) pence - 'buy'

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SMALL CAP

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Berenberg cuts Devolver Digital to 'hold' (buy) - price target 80 pence

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Jefferies raises Forterra price target to 261 (256) pence - 'hold'

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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(Sharecast News) - A cash call would be the quickest way for IAG to tackle its €12.3bn of debt and begin paying a dividend again, HSBC aviation analyst Andrew Lobbenberg said. If not, then the carrier would have to resort to its cash flows. Any decision on a rights issue would likely be taken by the company's new bos, Nicholas Cadbury, when he started early the following year. Lobbenberg had already said in September that plans to raise cash for IAG might follow positive news such as the reopening of travel to the US. - Financial Mail on Sunday

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