UBS has cut its earnings per share (EPS) estimate for GSK PLC (LSE:GSK, NYSE:GSK) by 5% for fiscal years 2024 and 2025.
The decision comes ahead of GSK’s third-quarter results, expected on 30 October, and is mainly driven by weaker vaccine sales in the US for its key products, Shingrix and Arexvy.
A pattern in the northern hemisphere's climate, known as the Arctic Oscillator, should benefit retailers such as Marks and Spencer (LSE:MKS), AB Foods' (LSE:ABF) Primark, JD Sports Fashion PLC (LSE:JD.) and Zalando, according to RBC Capital Markets.
Full-price sales have seen a stronger start this year compared to the same period in 2023, RBC analysts noted, and could benefit more in the winter.
Just as the International Energy Agency (IEA) forecasts exponential growth in the use of low-emissions hydrogen this decade, ATOME PLC (AIM:ATOM) is set to achieve several milestones in the near term that will de-risk its plans and highlight the company to investors, said house broker SP Angel.
The use of green hydrogen is seen as a key part of global 2050 net zero commitments, the IEA said in its latest report, with the largest market participants now jockeying for position to secure low-carbon fertiliser supplies for their client base.
Deutsche Bank has lowered its price target for Mothercare PLC (LSE:MTC) from 12p to 6.5p, but has maintained a 'buy' rating on the stock, following the company’s latest financial results and a key refinancing deal.
Mothercare reported a 13% drop in retail sales, driven by challenging conditions in its key Middle Eastern markets, which account for 41% of its business. However, the UK and Indonesia saw growth.
Citi analysts have highlighted Barclays PLC (LSE:BARC) and the London Stock Exchange Group PLC (LSE:LSEG) as top picks in the investment banking and exchanges sectors, respectively, in preparation for the third-quarter earnings season.
Citi noted generally bullish third-quarter trading trends, with analysts stating: “The third quarter saw healthy capital markets volumes, buoyed by a number of events including shifting expectations on timing and magnitude of Fed cuts, the (Bank of Japan) pivot and on China stimulus package.
Deutsche Bank has lowered its price target for online fashion retailer Boohoo Group PLC (AIM:BOO) from 27p to 26p, maintaining a 'sell' rating on the stock.
The downgrade follows Boohoo's unscheduled trading update, which included the unexpected departure of its chief executive, a debt refinancing plan, and the company's announcement that it may sell off assets to boost shareholder value.
Shares in Intertek Group PLC (LSE:ITRK), the London-listed inspection and certification firm, fell 2.5% after a downgrade by a leading investment bank.
RBC Capital moved from 'outperform' to 'sector perform' on the stock, setting a new price target of 5,000p, down from 5,200p.
JP Morgan has maintained its positive outlook on the publisher Future PLC (LSE:FUTR), setting a price target of 1,296p per share, despite the recent sudden announcement of the departure of chief executive Jon Steinberg.
His exit plan has raised concerns about the company’s future direction, as investors saw a sharp 19% drop in share price after the announcement.