BROKER FORECASTS
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Broker Forecast News

  • Berenberg has moved to a sell rating (from hold) on cyber security and risk mitigation services provider NCC Group (LON:NCC), believing the restructuring has now been priced in. The bank highlighted that the shares are up by 70% since the lows...
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  • Credit Suisse has downgraded its recommendation on specialist insurer Hiscox (LON:HSX) to neutral (from outperform) following the recent strong share price performance and despite upping its target price to 1,305 pence per share (from 1,180...
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  • Brokerage firm Numis has upped its rating on Weir Group (LON:WEIR) to add (from hold) on the back of the pump manufacturer's positive half-year update. Analyst David Larkam said: "Management pointing to stronger recovery in the oil & gas...
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  • Equity research analysts at Macquarie have upgraded their investment rating on Ophir Energy (LON:OPHR) to outperform (from neutral), which they said was due to the potential 19% upside following the recent share price weakness. Nevertheless, the...
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  • Equity research analysts at HSBC have upgraded their investment rating on electricity and gas utility company National Grid (LON:NG.) to buy from hold, stating that the company is likely to experience a "stay of regulatory execution". The bank...
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  • Beaufort Securities has downgraded its recommendation on Carillion to hold (from buy) after the support services business warned that operating profit would be lower than expected and announced an expected contract provision of £845m. The broker...
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  • HSBC has adopted a more moderate stance on biotech company Shire (LON:SHP) and moved to a hold rating (from reduce), believing the haemophilia headline risk is now largely priced in. Nevertheless, the bank highlighted that other risks remain and...
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  • JP Morgan Cazenove has upgraded its recommendation on Helical (LON:HLCL) to overweight (from neutral) after highlighting the property investment and development company as a structural play for investors. "We believe Helical has assembled a...
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  • Jefferies has cut its investment rating on consumer goods group Reckitt Benckiser (LON:RB.) to hold (from buy) but admitted that it was a tough call to make. The broker said: "We continue to like this story. Applying a maintained target multiple...
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  • JP Morgan Cazenove has upgraded its recommendations on Meggitt (LON:MGGT) and Senior (LON:SNR) to overweight (from neutral) in its note on the European aerospace and defence sector today. The City heavyweight said it has reviewed its stance in...
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