Panmure Liberum has reiterated its sell rating on Wizz Air Holdings PLC (AIM:WIZZ), citing persistent concerns over the airline’s high leverage and ability to grow profitably.
The broker has also reduced its target price from 1,200p to 1,100p.
Watches of Switzerland Group PLC's (LSE:WOSG) acquisition of online luxury watch platform Hodinkee has been described as "a sensible bolt-on move" by Shore Capital Markets.
It will strengthen WOSG's capabilities in the UK and US, the broker added. Additionally, Hodinkee's watch and jewellery insurance services will be tied into WOSG’s partnership with Chubb.
JD Wetherspoon PLC (LSE:JDW) delivered “robust results” and a reinstated dividend this financial year, but analysts at Shore Capital Markets were also left scratching their heads as to why the stock is priced as it is.
Pointing out that Wetherspoon is a net seller of pubs with “normalising” sales trends, the broker's analysts said: “It is difficult to reconcile why Spoons should command such a premium rating to its pub peers; albeit it remains best-in-class.”
SP Angel has reiterated its buy rating for Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) with a target price of 308p.
This updated valuation follows the restart of operations at the Gedabek Gold/Copper Mine in Azerbaijan and the projected growth from the Demirli asset.
Deutsche Bank has reiterated its "buy" rating for Tate & Lyle PLC (LSE:TATE), setting a price target of 850 pence, up from the last close of 669 pence.
The bank highlights that the company’s acquisition of CP Kelco is on track to complete by the end of 2024, following recent UK listing rule changes that remove the need for a shareholder vote.
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) could return up to £12.5 billion to shareholders, about 40% of its market value, as part of a major strategic overhaul, according to Barclays.
The company plans to shift from a category-first model to a geography-first approach, with asset sales playing a key role. Reckitt is expected to divest Essential Home and Mead Johnson Nutrition, which together made up 30% of sales and 25% of earnings last year.
Aston Martin Lagonda Global Holdings PLC's (LSE:AML) new CEO, Adrian Hallmark, has made key adjustments to the luxury carmaker’s production strategy, which Citi analysts believe could lead to a more stable path for the company.
Previously, the luxury car maker was expected to deliver around 2,000 vehicles in the first half of 2024 and over 5,000 in the second half. However, under Hallmark’s leadership, the company has shifted to a smoother production curve, with just under 4,000 units now forecast for the latter half of the year.
Berenberg has reaffirmed its "buy" rating for Life Science REIT, setting a price target of 57p a share, citing strong growth potential in the UK’s life sciences property market.
Despite a challenging start to 2024, Berenberg believes the recent 25% rise in Life Science REIT’s share price signals investor confidence in the company’s leasing momentum, which is expected to accelerate in the second half.
UBS has downgraded shares in Phoenix Group Holdings PLC (LSE:PHNX) saying the "risk-reward" equation is now "balanced".
In a short note to clients, it moved its recommendation to 'neutral' from 'buy' with a target price of 530p, down from 610p.