Peloton Interactive Inc (NASDAQ:PTON) shares were given a boost after Bank of America upgraded its rating and said the recent earnings strength and appointment of new CEO Peter Stern indicated the company "is no passing fad".
The bank upgraded to a 'buy' stance and raised its share price objective to $9 from $3.75 on the perceived potential for "substantial earnings upside" on continued cost efficiencies, which have resulted in higher estimates.
Moonpig Group PLC (LSE:MOON) has much to like according to Deutsche Bank, which has raised its price target by almost a third.
The online card and gift group “Operates in a resilient market; servicing high emotion, small ticket purchases that repeat frequently.
Deutsche Bank has lowered its price target for YouGov PLC (AIM:YOU), reducing it from 850 pence to 790 pence while maintaining a "buy" rating.
The adjustment comes after the pollster's financial year 2024 results, which, while positive, raised questions about the sustainability of recent gains.
NatWest Group PLC (LSE:NWG) shares have hit a 13-year high and returned to levels not seen since the bank was grappling with the fallout from the global financial crisis and its government bailout.
A share price target upgrade by Peel Hunt on Monday prompted the lender to climb as high as 389.3p - a level last seen in 2011.
RBC Capital Markets has downgraded 3i Group PLC (LSE:III) to 'sector perform" from 'outperform' on valuation grounds.
Noting that its shares have climbed over 140% in the past three years, RBC considers the current premium on 3i’s stock to limit potential gains, despite strong recent returns from the group’s key asset, Dutch discount retailer Action.
AFC Energy PLC (AIM:AFC, OTC:AFGYF)’s shares rose 21% following strong results for the year ending October 31, which CEO Gary Bullard called a “landmark” period for the hydrogen and ammonia technology firm.
Revenue climbed to approximately £4 million, largely from hydrogen-powered generator sales to Speedy Hire Services for leasing purposes.
Tesla Inc (NASDAQ:TSLA) boss Elon Musk’s decision to back Donald Trump for president could “backfire” with various negative consequences, according to a Wall Street analyst.
In the run up to the US presidential election, Musk has been a conspicuous supporter of the former president at rallies, as well as hosting town hall meetings and donating $100 million to create a political action committee to support the Republican party candidate.
Frasers Group PLC (LSE:FRAS) climbed on Monday after being granted an upgrade by RBC analysts on the “underappreciated” diverse nature of the business.
Highlighting a “compelling” valuation, RBC bumped the Sports Direct owner up from a ‘sector perform’ to an ‘outperform’ rating.