Manchester United Plc (NYSE:MANU) has been granted a ‘Buy’ rating by UBS analysts on confidence the football club will rise to the top ranks of English and European football once more.
UBS highlighted Man U’s “superior revenue base” in a note, adding the club should eventually compete for the top spots the the Premier League and Champions League.
BAE Systems PLC (LSE:BA.)’s share price target has been adjusted to 1,510p from 1,540p by Deutsche Bank, although the investment bank has reaffirmed its ‘buy’ recommendation for the defence company.
The last closing price for BAE Systems shares was 1,197p.
London Stock Exchange Group PLC (LSE:LSEG), the operator of the London Stock Exchange, has been upgraded by the UBS due to bullish prospects in the year ahead.
The Swiss bank's rating on the data group moved to buy (from neutral) based on its relative undervaluation compared to data service peers with a new price target of 13,500p.
Sirius Real Estate Limited (LSE:SRE, JSE:SRE, OTC:SRRLF)’s €13 million acquisition of a development site in the Bavarian capital of Munich comes with plenty of growth potential, according to brokers’ reactions to the news.
The deal, announced on Tuesday, currently generates a rent roll of approximately €740,000 per year, but Sirius plans to reposition the tenant base to increase income in the short term while exploring longer-term development options.
Royal Mail owner International Distribution Services PLC (LSE:IDS) saw its share rating upgraded to hold from sell by broker Panmure Liberum following reports that the UK government is set to approve EP Group's takeover of the company.
The target price was raised to 368p from 200p, aligning with the offer price.
Deutsche Bank has increased its outlook on Rolls-Royce Holdings PLC (LSE:RR.)’s share price to reflect free cash flow and earnings estimates, as well as updated sector assumptions.
Deutsche analyst Christophe Menard noted that a potential catalyst could be an update of Rolls-Royce’s 2027 targets in February 2025, as consensus figures already surpass the company’s existing targets.
Analysts reckoned Chemring Group (LSE:CHG)'s prelims were in line if not better than expected, with the assessment of prospects for the coming year providing little reason to prompt the mild sell-off seen in early trade.
Shore Capital called the performance from the defence group "strong" as it repeated its 'buy' recommendation, while Jefferies was similarly upbeat as it repeated its 470p price target - a 40% premium to the current price.