The London stock market saw a flurry of analyst recommendations on Tuesday, with several FTSE 100 and FTSE 250 companies receiving revised price targets and ratings. Leading financial institutions such as Goldman Sachs (NYSE: GS ), HSBC, and Barclays (LON: BARC ) were at the forefront of these changes, altering their stance on key players in the market.
HSBC revised its rating for NatWest (LSE:NWG) from 'buy' to 'hold', setting a new price target at 260 pence. On the other hand, Stifel upgraded Computacenter (LSE:CCC) to 'buy' from 'hold', raising its price target to 3,025 pence from the previous 2,400 pence mark.
Goldman Sachs made several adjustments among FTSE 100 companies. The firm raised the price target for United Utilities (OTC: UUGRY ) (LSE:UU) to 1,143 pence from 947 pence while maintaining a 'neutral' rating. It also increased the price target for Severn Trent (LSE:LON: SVT ) to 2,364 pence from 2,184 pence but maintained a 'sell' stance. Conversely, Goldman Sachs lowered Smiths Group (OTC: SMGZY )'s (LSE:SMIN) price target to 2,180 pence from 2,240 pence but retained a 'buy' rating.
Barclays also joined the fray with several amendments. The bank lifted Mondi's (LSE:LON: MNDI ) price target to 1,485 pence from 1,300 pence and maintained an 'equal weight' rating. However, it reduced International Consolidated Airlines (OTC: ICAGY )' (LSE:IAG (LON: ICAG )) price target to 230 pence from 245 pence while keeping an 'overweight' rating.
In the FTSE 250 realm, Goldman Sachs trimmed Pennon Group's (LSE:PNN) price target to 800 pence from 900 pence, maintaining a 'neutral' rating. Barclays, on the other hand, cut the price targets for Wizz Air (LSE:WIZZ) and easyJet (LSE:LON: EZJ ) to 1,800 pence (from 2,150 pence) and 550 pence (from 620 pence) respectively, while keeping an 'overweight' rating for both.
Barclays also lowered Ryanair's (ISE:RYA) price target to 23 EUR from 24.25 EUR, with an 'overweight' rating. It reduced S4 Capital's (LSE:SFOR) rating to 'equal weight' from 'overweight', setting a new price target at 95 pence, down from 215 pence.
Jefferies made alterations in the small cap market by cutting Naked Wines' (LSE:WINE) price target to 125 pence from 160 pence but maintained a 'buy' rating. The firm also raised Fevertree Drinks' (LSE:FEVR) price target to 1,350 pence from 1,150 pence while keeping a 'hold' rating.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.