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LONDON BROKER RATINGS: Jefferies raises Spirax-Sarco; cuts Victrex
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:
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Share Price Information for WPP (WPP)
Share Price is delayed by 15 minutes
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Share Price:
812.60
Bid:
814.00
Ask:
814.40
Change:
8.40 (1.04%)
Spread:
0.40 (0.049%)
Open:
804.20
High:
821.60
Low:
804.20
Prev. Close:
804.20
Last checked at -
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Don't have an account? Click here to register.Credit Suisse warns cyclicals may have gone too far, overweights financials
Thu, 02nd Feb 2017 13:01
(ShareCast News) - Strategists at Credit Suisse stuck to their 'overweight' stance on Financials but cautioned clients that the current equity rally was over-extended, hence their decision to lift their allocation to 'defensive' shares to benchmark at the expense of cyclicals.Typically, a rally would see cyclicals outperform defensives by 20% but thus far they had done so by 24%, strategist Andrew Garthwaite said in a research note sent to clients.Furthermore rallies tended to occur in the early phases of an economic cycle, whereas the US, Japan and China appeared to be entering the later stages.The performance of cyclicals relative to defensives was discounting levels for the respective purchasing managers' indices consistent with GDP growth in the euro area and US of between 3% and 4% and a 3.0% yield on the benchmark 10-year US Treasury note.In one small positive, valuations on book and earnings measures in the US "are cleary expensive", Garthwaite said, although they were more neutral in Europe, he added.As regarded Financials, Garthwaite said they were cheaper than cyclicals, had "superior" earnings momentum and were positively correlated to rising bond yields, which in Germany were expected to hit 1.0% by the end of 2017 and in the US to 3.0%.On 70% of the ocassions during which cyclicals had been that 'overbought' relative to defensives they had gone on to underperform."Finally, sector risk appetite in the US, Japan and the UK is in 'euphoria' at a time when we think President Trump's policies could disappoint."Among the domestic demand plays the investment bank recommended focusing on were: CapGemini, SAP, WPP and Adecco.
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30 Jan 2024 16:00
London close: Stocks finish higher on raft of global data
(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.
Read more30 Jan 2024 09:37
TOP NEWS: WPP ups outlook and sets out restructuring amid AI push
(Alliance News) - WPP PLC on Tuesday announced a cost-cutting plan and set out an artificial intelligence strategy, earmarking an annual cash investment of around GBP250 million in proprietary technology.
Read more30 Jan 2024 09:01
LONDON MARKET OPEN: Stocks up; UK grocery price inflation cools
(Alliance News) - Stock prices in London opened higher on Tuesday, after new data showed that UK grocery price inflation eased in January.
Read more30 Jan 2024 07:22
WPP results to meet expectations as it sets medium-term targets
(Sharecast News) - Advertising giant WPP said in an update on Tuesday that it expected its 2023 results to align with earlier guidance.
Read more29 Jan 2024 09:12
LONDON BROKER RATINGS: Berenberg raises IMI; Exane BNP cuts Schroders
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:
Read more25 Jan 2024 15:13
London close: Stocks turn green after US GDP release
(Sharecast News) - Stocks in London had turned higher by the close on Thursday, as investors digested a better-than-expected GDP reading out of the United States.
Read more19 Jan 2024 09:28
LONDON BROKER RATINGS: BofA cuts Pearson, raises Just Eat Takeaway
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more16 Jan 2024 09:14
LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:
Read more12 Jan 2024 09:14
LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more11 Jan 2024 17:24
European shares fall as hot U.S. inflation data rains on rate-cut hopes
WPP down after UBS downgrade
*Read more11 Jan 2024 17:03
11 Jan 2024 16:34
London close: Stocks fall as US inflation comes in hot
(Sharecast News) - London's stock markets closed in the red on Thursday, reversing earlier gains after US consumer inflation came in hotter than expected.
Read more11 Jan 2024 10:51
WPP slumps after double downgrade to 'sell' by UBS
(Sharecast News) - WPP slumped on Thursday after UBS double downgraded the shares to 'sell' and slashed the price target to 700p from 1,200p, saying that 2024 was set to be another challenging year.
Read more10 Jan 2024 17:14
WPP reportedly mulling sale of Kantar stake
(Sharecast News) - Advertising agency conglomerate WPP is exploring options to divest its 40% stake in market research firm Kantar, it was reported on Wednesday, in a bid to raise capital and address a declining share price.
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