Broker Tips
Wednesday broker round-up
Berendsen: Credit Suisse downgrades to Underperform with a target price of 700p.
Broker tips: Berendsen, Wood Group, Hunting, Schroders
Credit Suisse downgraded its stance on commercial laundry group Berendsen to 'underperform' from 'outperform' and slashed the price target to 700p from 1,200p as its 2017-19 earnings per share estimates fall 17% to 31%.
Barclays upgrades Hunting on US shale exposure potential
Hunting's exposure to the US shale oil industry and its repaired balance sheet saw Barclays upgrade its recommendation on the shares to 'overweight'.
Jefferies downgrades Wood Group on risks to progressive dividend
Shares in Wood Group came under pressure on Wednesday following a downgrade on its stock by Jefferies on the risk to its “progressive dividend” due to the merger with Amec-Foster Wheeler.
RBC Capital downgrades Schroders, says shares near fair value
RBC Capital Markets downgraded Schroders to 'sector perform' from 'outperform' and cut the price target to 3,300p from 3,400p, as it said the share price was near fair value.
Berendsen hit by double downgrade from Credit Suisse
Credit Suisse downgraded its stance on commercial laundry group Berendsen to 'underperform' from 'outperform' and slashed the price target to 700p from 1,200p as its 2017-19 earnings per share estimates fall 17% to 31%.