BROKER FORECASTS
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Broker Forecast News

  • Berenberg has upgraded its recommendation on GlaxoSmithKline (LON:GSK) believing long-term value is emerging and that risks are now skewed to the upside at a group level, despite its HIV business, ViiV, facing competition from Gilead. The bank...
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  • RBC Capital Markets has downgraded its investment rating on oilfield services group Petrofac (LON:PFC) to underperform (from sector perform), which it says is due to uncertainty around the ongoing SFO investigation and following the suspension of...
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  • JP Morgan Cazenove has upgraded its recommendation on Restaurant Group (LON:RTN) to overweight (from neutral) on the back of its first-quarter trading update, which highlighted better than expected like-for-like sales for the first 20 weeks of the...
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  • Jefferies has upgraded its recommendation on IP Group (LON:IPO) to buy (from (hold) now that the intellectual property commercialisation company announced its intention to raise gross proceeds of up to £200m via a share placing. The broker said:...
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  • Equity analysts at HSBC have downgraded their investment rating on Shire Pharmaceuticals (LON:SHP) to 'reduce' (from 'hold'), despite the company reporting positive data from the HELP study investigating lanadelumab. The bank added: "Although the...
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  • RBC Capital Markets has upgraded its investment rating on TalkTalk Telecom (LON:TALK) to outperform (from sector perform), believing the combination of the recent share price fall and the outlook for subs growth provides an opportunity for...
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  • Jefferies has double downgraded its investment rating on Hikma Pharmaceuticals (LON:HIK) and moved straight to underperform from buy, stating that the US Generics Advair delay is a significant setback. The broker added: "We expect a cautious IMS...
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  • Deutsche Bank has moved to a neutral view on the UK water sector, believing return cuts are likely to come into focus. The City heavyweight said: "Based on current returns the three UK waters still look attractive. "However, we believe that cuts...
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  • Berenberg Bank has downgraded its investment rating on UDG Healthcare (LON:UDG) to hold (from buy), saying that the shares now looks fully valued. The broker said: "We still believe that UDG is a high quality, well-run company with plenty of...
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  • Equity research analysts at Goldman Sachs have downgraded their investment rating on banking group Barclays (LON:BARC) to sell (from neutral), believing the continued capital build is likely to come at a cost, driving a more muted dividend and...
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