Broker Tips
Record number of fund managers says US equities overalued, BofA-Merrill finds
A record number of fund managers now believed US equities were overvalued, despite lofty expectations for faster economic growth worldwide, the results of a widely-followed survey found.
Tuesday broker round-up
Tullow Oil: Deutsche Bank upgrades to Buy with a target price of 330p.
Broker tips: Tullow Oil, Esure, Berendsen, Hastings
Shares in Tullow Oil gushed higher on Tuesday as Deutsche Bank upped its stance on the stock to 'buy' from 'hold' and lifted the price target to 330p from 270p, saying the current price offers an attractive entry point.
Citi downgrades Esure as it sees little scope for outperformance
Citi downgraded Esure to ‘neutral’ on Tuesday, saying it sees little scope for outperformance in the insurer’s 2017 guidance.
Berendsen slumps on Barclays downgrade
Shares in commercial laundry company Berendsen were under pressure after Barclays cut the stock to 'underweight' from 'equalweight' and slashed the target price to 700p from 911p.
S&P could end 2017 as high as 2,750 or fall to 2,170, Barclays says
Analysts at Barclays set a 2,525 point year-end fair value target for the S&P 500 in anticipation of the US administration's spending plans, which they said would act as the "key" fulcrum in determining the benchmark's value.
Credit Suisse initiates Hastings at 'outperform'
Credit Suisse initiated coverage of insurer Hastings at 'outperform' with a 290p price target.
Tullow Oil gushes higher on Deutsche Bank upgrade
Shares in Tullow Oil gushed higher on Tuesday as Deutsche Bank upped its stance on the stock to 'buy' from 'hold' and lifted the price target to 330p from 270p, saying the current price offers an attractive entry point.