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Broker spotlight - Tesco, Sainsbury, Morrison, Weir, Beazley, Hiscox, Homeserve

Broker spotlight - Tesco, Sainsbury, Morrison, Weir, Beazley, Hiscox, Homeserve

JP Morgan Cazenove upgraded niche insurers Beazley (LON:BEZ) and Hiscox (LON:HSX); both are now rated as ‘overweight’.

Beazley’s target price increases to 308p from 255p, and for Hiscox it is lifted to 950p from 801p.

Amlin’s (LON:AML) rating is left unchanged at neutral by the broker, though the price target is nudged slightly higher to 475p from 470p.

Homeserve (LON:HSV), the emergency repair firm, meanwhile, had its price target increased to 490p from 440p by Citigroup. A ‘buy’ rating was repeated.

Energy sector engineer Weir (LON:WEIR) was downgraded to ‘hold’ from ‘buy’, by Deutsche Bank.

Nomura’s shopping list remained unchanged as it assessed the supermarkets, though there were some minor adjustments.

Tesco (LON:TSCO) and Sainsbury (LON:SBRY) remain as ‘neutral’ picks though the targets mover up slightly to 195p and 220p respectively, while Morrison (LON:MRW) remains a ‘buy’ and its target increases to 280p from 260p.


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