{"id":163328,"date":"2026-11-10T12:48:08","date_gmt":"2026-11-10T12:48:08","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/163328\/"},"modified":"2026-11-10T12:48:08","modified_gmt":"2026-11-10T12:48:08","slug":"broker-tips-auto-trader-marks-spencer-rolls-royce-next-the-armchair-trader","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/163328\/","title":{"rendered":"Broker Tips: Auto Trader, Marks & Spencer, Rolls-Royce, Next \u2013 The Armchair Trader"},"content":{"rendered":"

This week\u2019s broker tips are led by Auto Trader. Berenberg has upgraded the online car marketplace to \u2018Buy\u2019, saying the problems with its Deal Builder rollout are now largely behind it.<\/p>\n

Marks & Spencer picked up seven target increases after its half-year profit more than doubled, while Bank of America has cut its Rolls-Royce target but still sees plenty of upside. Jefferies is staying on the sidelines at Next despite strong international growth, and Deutsche Bank has nudged up its AB Foods target but warned of more downside risk after a strong run in the shares.<\/p>\n

Here are some of the key broker rating changes, price targets and analyst views this week.<\/p>\n

Berenberg upgrades Auto Trader to \u2018Buy\u2019
\nSeven brokers raise Marks & Spencer targets
\nBank of America cuts Rolls-Royce target to 1,625p
\nJefferies keeps Next at \u2018Hold\u2019 after Q3 update
\nDeutsche Bank lifts AB Foods target price<\/p>\n

1. Auto Trader: Berenberg upgrades as Deal Builder worries fade<\/p>\n

Berenberg: Hold \u2192 Buy, target 510p \u2192 650p. Close: 557.6p. Implied upside: 16.6%.<\/p>\n

Berenberg upgraded Auto Trader LON:AUTO<\/a> from \u2018Hold\u2019 to \u2018Buy\u2019 on Monday and raised its target price from 510p to 650p, according to Sharecast. It argued that concerns about the troubled Deal Builder rollout were now largely behind the company. Goldman Sachs also lifted its target on Monday, from 538p to 591p at \u2018Buy\u2019, following moves after the first-half results by Citigroup (526p to 625p, \u2018Neutral\u2019), Barclays (570p to 580p). Bernstein was the exception, trimming its target from 545p to 525p.<\/p>\n

The broker pointed to stronger-than-expected growth in retailer numbers in Auto Trader\u2019s first-half results, as dealerships returned to the platform after the company took remedial steps. That recovery was ahead of both Berenberg\u2019s forecasts and market expectations. It also said conditions for motor retailers had improved on a year ago and that Auto Trader was well placed to use AI and its data to create new revenue streams, arguing that fears of AI disruption were overdone.<\/p>\n

At around 14 times forecast 2027 earnings, Berenberg said the shares trade at an unjustified discount to peers. At Monday\u2019s 557.6p close, its 650p target implies 16.6% upside, Citigroup\u2019s 625p implies 12.1% and Goldman Sachs\u2019s 591p implies 6.0%.<\/p>\n

2. Marks & Spencer: seven brokers raise targets after profit rebound<\/p>\n

Goldman Sachs: Buy retained, target 470p \u2192 510p. Close: 437.6p. Implied upside: 16.5%.<\/p>\n

Seven brokers raised their targets on Marks & Spencer LON:MKS<\/a> after its half-year results, according to Alliance News. Goldman Sachs went from 470p to 510p, Citigroup from 480p to 505p and Jefferies from 460p to 500p, all at \u2018Buy\u2019. Barclays raised its target from 450p to 490p at \u2018Overweight\u2019, Bernstein from 440p to 480p at \u2018Outperform\u2019 and Deutsche Bank from 435p to 470p at \u2018Buy\u2019. RBC Capital Markets lifted its target from 385p to 425p but stayed at \u2018Sector perform\u2019.<\/p>\n

The retailer\u2019s adjusted pre-tax profit more than doubled to \u00a3403.2m in the first half, as it recovered from last year\u2019s cyber attack. Food sales rose 14% to \u00a35.16bn and food profit came in well ahead of forecasts, though Fashion, Home & Beauty profit of \u00a3150.5m fell short of the \u00a3191m consensus. Chief executive Stuart Machin said there was \u201ca lot more to do\u201d in clothing. M&S kept its full-year outlook and raised its interim dividend by 17% to 1.4p.<\/p>\n

At Monday\u2019s 437.6p close, Goldman Sachs\u2019s 510p target implies 16.5% upside, Citigroup\u2019s 505p implies 15.4% and RBC\u2019s 425p implies 2.9% downside.<\/p>\n

3. Rolls-Royce: Bank of America cuts its target but stays at \u2018Buy\u2019<\/p>\n

Bank of America: Buy retained, target 1,850p \u2192 1,625p. Close: 1,320.6p. Implied upside: 23.1%.<\/p>\n

Bank of America cut its target price on Rolls-Royce LON:RR.<\/a> from 1,850p to 1,625p and kept its \u2018Buy\u2019 rating, according to Alliance News.<\/p>\n

The cut of about 12% is one of the biggest target reductions on a FTSE 100 name this week. Even so, the new target still sits well above the current share price, so the broker continues to see substantial upside for the aerospace and defence business.<\/p>\n

At Monday\u2019s 1,320.6p close, Bank of America\u2019s 1,625p target implies 23.1% upside.<\/p>\n

4. Next: Jefferies stays at \u2018Hold\u2019 despite strong international growth<\/p>\n

Jefferies: Hold reiterated, target 15,800p. Close: 15,530p. Implied upside: 1.7%.<\/p>\n

Jefferies kept its \u2018Hold\u2019 rating and 15,800p target price on Next LON:NXT<\/a> after the retailer\u2019s third-quarter update.<\/p>\n

The broker said UK trading was softer than many investors expected, though in line with guidance, with a weak September followed by a better October as cooler weather lifted demand. International sales again beat expectations, helped by marketing spend that rose 67% against guidance for 42%. \u201cOnce again, Next\u2019s Q3 shows a business amply able to offset near-term UK pressures with abundant international growth,\u201d Jefferies said, but it added that the shares already reflect much of that strength at around 18 times 2027 earnings.<\/p>\n

Other brokers were more upbeat. RBC Capital Markets raised its target from 17,000p to 17,500p at \u2018Outperform\u2019, Goldman Sachs from 17,000p to 17,200p at \u2018Buy\u2019, and Barclays from 15,400p to 15,500p at \u2018Equal weight\u2019.<\/p>\n

At Monday\u2019s 15,530p close, Jefferies\u2019s 15,800p target implies 1.7% upside and RBC\u2019s 17,500p implies 12.7%.<\/p>\n

5. Associated British Foods: Deutsche Bank lifts target but sees downside risk<\/p>\n

Deutsche Bank: Hold retained, target 1,790p \u2192 1,820p. Close: 2,001p. Implied downside: 9.0%.<\/p>\n

Deutsche Bank raised its target price on Primark owner Associated British Foods LON:ABF<\/a> from 1,790p to 1,820p after last week\u2019s full-year results, and kept its \u2018Hold\u2019 rating.<\/p>\n

The bank said results were broadly in line, with slightly more cautious guidance for Grocery profits in 2027. It raised its target to reflect staples peer valuations but said the investment case remains uncertain. \u201cThe main issue is the Primark LFL,\u201d it said, noting a weather-hit start to the first quarter and concerns over consumers in France and Germany. It added that there is more downside risk given the shares\u2019 strong recent run.<\/p>\n

Brokers were split over the week. RBC Capital Markets raised its target from 1,800p to 1,950p and Goldman Sachs from 1,600p to 1,700p, though both still rate the shares a \u2018Sell\u2019. Citigroup trimmed its target from 1,520p to 1,510p at \u2018Sell\u2019, and Barclays cut from 1,950p to 1,900p at \u2018Equal weight\u2019.<\/p>\n

At Monday\u2019s 2,001p close, Deutsche Bank\u2019s 1,820p target implies 9.0% downside, RBC\u2019s 1,950p implies 2.5% and Citigroup\u2019s 1,510p implies 24.5%.<\/p>\n

Full list of Broker tips (4 \u2013 10 November)<\/p>\n

Company
\nBroker
\nPrevious rating
\nNew rating
\nPrevious target
\nNew target
\nKey reason<\/p>\n

3i Group
\nBarclays
\nOverweight
\nOverweight
\n4,205p
\n3,985p
\nTarget cut<\/p>\n

AB Dynamics
\nBerenberg
\nBuy
\nBuy
\n1,700p
\n1,350p
\nTarget cut<\/p>\n

Acceler8 Ventures
\nBerenberg
\n\u2014
\nBuy
\n\u2014
\n130p
\nInitiation; exposure to digitisation of China\u2019s lottery market, 275p if paperless play approved<\/p>\n

AIB
\nBarclays
\nEqual weight
\nEqual weight
\n\u20ac10.50
\n\u20ac12.80
\nTarget raised (euros)<\/p>\n

AIB
\nJPMorgan
\nNeutral
\nNeutral
\n\u20ac12.20
\n\u20ac12.30
\nTarget raised (euros)<\/p>\n

Airtel Africa
\nGoldman Sachs
\nNeutral
\nNeutral
\n324p
\n302p
\nTarget cut<\/p>\n

AJ Bell
\nCitigroup
\nNeutral
\nNeutral
\n630p
\n640p
\nTarget raised<\/p>\n

ASOS
\nBarclays
\nEqual weight
\nEqual weight
\n450p
\n470p
\nTarget raised<\/p>\n

ASOS
\nDeutsche Bank
\nBuy
\nBuy
\n450p
\n490p
\nTarget raised<\/p>\n

ASOS
\nRBC Capital Markets
\nSector perform
\nSector perform
\n450p
\n460p
\nTarget raised<\/p>\n

Associated British Foods
\nBarclays
\nEqual weight
\nEqual weight
\n1,950p
\n1,900p
\nTarget cut<\/p>\n

Associated British Foods
\nCitigroup
\nSell
\nSell
\n1,520p
\n1,510p
\nTarget cut<\/p>\n

Associated British Foods
\nDeutsche Bank
\nHold
\nHold
\n1,790p
\n1,820p
\nTarget raised on staples peer valuation after FY26 results; concerns over Primark LFL in France and Germany<\/p>\n

Associated British Foods
\nGoldman Sachs
\nSell
\nSell
\n1,600p
\n1,700p
\nTarget raised<\/p>\n

Associated British Foods
\nRBC Capital Markets
\nUnderperform
\nUnderperform
\n1,800p
\n1,950p
\nTarget raised<\/p>\n

AstraZeneca
\nBernstein
\nOutperform
\nOutperform
\n19,800p
\n20,500p
\nTarget raised<\/p>\n

AstraZeneca
\nCitigroup
\nBuy
\nBuy
\n18,600p
\n18,900p
\nTarget raised<\/p>\n

AstraZeneca
\nDeutsche Bank
\nHold
\nHold
\n11,700p
\n12,000p
\nTarget raised<\/p>\n

AstraZeneca
\nDZ Bank
\nBuy
\nBuy
\n15,600p
\n15,900p
\nFair value raised<\/p>\n

AstraZeneca
\nGoldman Sachs
\nBuy
\nBuy
\n16,601p
\n17,580p
\nTarget raised<\/p>\n

AstraZeneca
\nUBS
\nBuy
\nBuy
\n15,200p
\n16,000p
\nTarget raised<\/p>\n

Auto Trader
\nBarclays
\nEqual weight
\nEqual weight
\n570p
\n580p
\nTarget raised<\/p>\n

Auto Trader
\nBerenberg
\nHold
\nBuy
\n510p
\n650p
\nUpgrade; Deal Builder concerns behind it, retailer numbers recovering, AI opportunity, ~14x FY27 earnings<\/p>\n

Auto Trader
\nBernstein
\nMarket perform
\nMarket perform
\n545p
\n525p
\nTarget cut<\/p>\n

Auto Trader
\nCitigroup
\nNeutral
\nNeutral
\n526p
\n625p
\nTarget raised<\/p>\n

Auto Trader
\nGoldman Sachs
\nBuy
\nBuy
\n538p
\n591p
\nTarget raised<\/p>\n

Aviva
\nUBS
\nNeutral
\nNeutral
\n\u2014
\n800p
\nTarget cut (previous target not given)<\/p>\n

Avon Technologies
\nJefferies
\nBuy
\nBuy
\n2,390p
\n2,780p
\nTarget raised<\/p>\n

Avon Technologies
\nPeel Hunt
\nBuy
\nAdd
\n2,500p
\n2,600p
\nDowngrade but target raised<\/p>\n

B&M European Value Retail
\nRBC Capital Markets
\nOutperform
\nOutperform
\n275p
\n325p
\nTarget raised<\/p>\n

Babcock International
\nJefferies
\nBuy
\nBuy
\n1,400p
\n1,410p
\nTarget raised<\/p>\n

Baltic Classifieds
\nJPMorgan
\nUnderweight
\nUnderweight
\n\u20ac2.09
\n\u20ac2.11
\nTarget raised (euros)<\/p>\n

Bank of Ireland
\nBarclays
\nOverweight
\nOverweight
\n\u20ac19.50
\n\u20ac23.75
\nTarget raised (euros)<\/p>\n

Barclays
\nJefferies
\nBuy
\nBuy
\n600p
\n590p
\nTarget cut<\/p>\n

Barratt Redrow
\nCitigroup
\nBuy
\nBuy
\n410p
\n375p
\nTarget cut<\/p>\n

BP
\nDZ Bank
\nBuy
\nBuy
\n650p
\n715p
\nFair value raised<\/p>\n

BP
\nUBS
\nBuy
\nBuy
\n700p
\n725p
\nTarget raised<\/p>\n

British American Tobacco
\nJPMorgan
\n\u2014
\nOverweight
\n\u2014
\n5,300p
\nCoverage reinitiated<\/p>\n

BT Group
\nBank of America
\nBuy
\nBuy
\n282p
\n291p
\nTarget raised<\/p>\n

BT Group
\nBarclays
\nUnderweight
\nUnderweight
\n155p
\n170p
\nTarget raised<\/p>\n

BT Group
\nDZ Bank
\nBuy
\nBuy
\n250p
\n280p
\nFair value raised<\/p>\n

BT Group
\nGoldman Sachs
\nBuy
\nBuy
\n330p
\n340p
\nTarget raised<\/p>\n

Burford Capital
\nBerenberg
\nBuy
\nBuy
\n450p
\n490p
\nTarget raised<\/p>\n

Centrica
\nJefferies
\nHold
\nBuy
\n190p
\n200p
\nUpgrade; sees 13% EPS CAGR 2026-30 and market overlooking visibility of retail and infrastructure earnings<\/p>\n

Chemring
\nJefferies
\nBuy
\nBuy
\n658p
\n660p
\nTarget raised<\/p>\n

Chesnara
\nBerenberg
\nBuy
\nBuy
\n437p
\n450p
\nTarget raised<\/p>\n

Coca-Cola HBC
\nBarclays
\nOverweight
\nOverweight
\n5,500p
\n5,300p
\nTarget cut<\/p>\n

Coca-Cola HBC
\nBernstein
\nOutperform
\nOutperform
\n5,500p
\n4,750p
\nTarget cut<\/p>\n

Coca-Cola HBC
\nCitigroup
\nNeutral
\nNeutral
\n5,025p
\n4,000p
\nTarget cut<\/p>\n

Cohort
\nJefferies
\nHold
\nHold
\n1,300p
\n1,430p
\nTarget raised<\/p>\n

Croda International
\nBarclays
\nOverweight
\nOverweight
\n3,500p
\n3,800p
\nTarget raised<\/p>\n

Croda International
\nBerenberg
\n\u2014
\n\u2014
\n3,600p
\n4,400p
\nTarget raised; turnaround risks receding, strong Consumer Care momentum and Life Sciences prospects<\/p>\n

Croda International
\nJPMorgan
\nOverweight
\nOverweight
\n4,000p
\n4,250p
\nTarget raised<\/p>\n

CVS Group
\nRBC Capital Markets
\nOutperform
\nOutperform
\n1,900p
\n1,800p
\nTarget cut<\/p>\n

Derwent London
\nGoldman Sachs
\nBuy
\nBuy
\n2,500p
\n2,510p
\nTarget raised<\/p>\n

Diageo
\nBarclays
\nOverweight
\nOverweight
\n2,230p
\n2,290p
\nTarget raised<\/p>\n

Diageo
\nBernstein
\nOutperform
\nOutperform
\n2,440p
\n2,470p
\nTarget raised<\/p>\n

Diageo
\nDeutsche Bank
\nHold
\nHold
\n1,734p
\n1,740p
\nTarget raised<\/p>\n

Diageo
\nRBC Capital Markets
\nOutperform
\nOutperform
\n2,000p
\n2,100p
\nTarget raised<\/p>\n

eEnergy
\nCanaccord Genuity
\nBuy
\nBuy
\n9p
\n0.9p
\nTarget cut to reflect 2.76bn new shares from October placing; balance sheet strengthened<\/p>\n

Entain
\nBerenberg
\nBuy
\nBuy
\n1,090p
\n1,080p
\nTarget cut<\/p>\n

FirstGroup
\nRBC Capital Markets
\nOutperform
\nOutperform
\n255p
\n265p
\nTarget raised<\/p>\n

Glanbia
\nMorgan Stanley
\nUnderweight
\nUnderweight
\n\u2014
\n\u20ac19.20
\nTarget cut (euros; previous target not given)<\/p>\n

Haleon
\nJefferies
\nBuy
\nHold
\n400p
\n320p
\nDowngrade after growth guidance cut; models ~150bp FY27 margin reset, EPS cut 11%<\/p>\n

Harbour Energy
\nGoldman Sachs
\nBuy
\nBuy
\n350p
\n360p
\nTarget raised<\/p>\n

Helios Towers
\nBerenberg
\nBuy
\nBuy
\n295p
\n310p
\nTarget raised after Q3 tenancy beat, third guidance upgrade and strong FY27 outlook<\/p>\n

Helios Towers
\nDeutsche Bank
\nBuy
\nBuy
\n285p
\n290p
\nTarget raised<\/p>\n

Helios Towers
\nJefferies
\nBuy
\nBuy
\n300p
\n315p
\nTarget raised<\/p>\n

Hikma Pharmaceuticals
\nBerenberg
\nBuy
\nBuy
\n2,100p
\n2,050p
\nTarget cut<\/p>\n

Hikma Pharmaceuticals
\nDeutsche Bank
\nBuy
\nBuy
\n2,050p
\n2,000p
\nTarget cut<\/p>\n

Hiscox
\nBarclays
\nOverweight
\nOverweight
\n2,070p
\n2,060p
\nTarget cut<\/p>\n

Hiscox
\nBerenberg
\nBuy
\nBuy
\n2,150p
\n2,250p
\nTarget raised<\/p>\n

Hiscox
\nGoldman Sachs
\nBuy
\nBuy
\n2,100p
\n2,200p
\nTarget raised<\/p>\n

Hiscox
\nRBC Capital Markets
\nOutperform
\nOutperform
\n2,000p
\n2,100p
\nTarget raised<\/p>\n

IAG
\nBank of America
\nBuy
\nBuy
\n550p
\n540p
\nTarget cut<\/p>\n

IAG
\nBernstein
\nOutperform
\nOutperform
\n550p
\n555p
\nTarget raised<\/p>\n

IAG
\nGoldman Sachs
\nBuy
\nBuy
\n500p
\n520p
\nTarget raised<\/p>\n

Ibstock
\nBerenberg
\nHold
\nHold
\n90p
\n75p
\nTarget cut after profit warning; 2026 EBITDA guided 20-25% below consensus, leverage above covenant<\/p>\n

Ibstock
\nDeutsche Bank
\nHold
\nHold
\n100p
\n80p
\nTarget cut<\/p>\n

ICG
\nBarclays
\nOverweight
\nOverweight
\n2,700p
\n2,655p
\nTarget cut<\/p>\n

Imperial Brands
\nJPMorgan
\n\u2014
\nNeutral
\n\u2014
\n3,200p
\nCoverage reinitiated<\/p>\n

International Workplace Group
\nGoldman Sachs
\nBuy
\nBuy
\n270p
\n280p
\nTarget raised<\/p>\n

ITV
\nDeutsche Bank
\nHold
\nHold
\n85p
\n77p
\nTarget cut<\/p>\n

JD Sports Fashion
\nCitigroup
\nNeutral
\nNeutral
\n85p
\n103p
\nTarget raised<\/p>\n

JD Wetherspoon
\nJefferies
\nBuy
\nBuy
\n840p
\n1,190p
\nTarget raised<\/p>\n

Kingfisher
\nBarclays
\nEqual weight
\nEqual weight
\n320p
\n350p
\nTarget raised<\/p>\n

Lancashire Holdings
\nBarclays
\nUnderweight
\nUnderweight
\n530p
\n520p
\nTarget cut<\/p>\n

Lancashire Holdings
\nGoldman Sachs
\nBuy
\nBuy
\n650p
\n777p
\nTarget raised<\/p>\n

Lancashire Holdings
\nJefferies
\nBuy
\nBuy
\n691p
\n703p
\nTarget raised<\/p>\n

Legal & General
\nJefferies
\nUnderperform
\nUnderperform
\n191p
\n192p
\nTarget raised<\/p>\n

Lloyds Banking Group
\nBank of America
\nBuy
\nBuy
\n140p
\n130p
\nTarget cut<\/p>\n

Lloyds Banking Group
\nBarclays
\nOverweight
\nOverweight
\n130p
\n125p
\nTarget cut<\/p>\n

Lloyds Banking Group
\nJefferies
\nBuy
\nBuy
\n127p
\n126p
\nTarget cut<\/p>\n

Magnum Ice Cream
\nGoldman Sachs
\nSell
\nSell
\n1,550p
\n1,640p
\nTarget raised<\/p>\n

Man Group
\nDeutsche Bank
\nHold
\nHold
\n365p
\n355p
\nTarget cut<\/p>\n

Marks & Spencer
\nBarclays
\nOverweight
\nOverweight
\n450p
\n490p
\nTarget raised<\/p>\n

Marks & Spencer
\nBernstein
\nOutperform
\nOutperform
\n440p
\n480p
\nTarget raised<\/p>\n

Marks & Spencer
\nCitigroup
\nBuy
\nBuy
\n480p
\n505p
\nTarget raised<\/p>\n

Marks & Spencer
\nDeutsche Bank
\nBuy
\nBuy
\n435p
\n470p
\nTarget raised<\/p>\n

Marks & Spencer
\nGoldman Sachs
\nBuy
\nBuy
\n470p
\n510p
\nTarget raised<\/p>\n

Marks & Spencer
\nJefferies
\nBuy
\nBuy
\n460p
\n500p
\nTarget raised<\/p>\n

Marks & Spencer
\nRBC Capital Markets
\nSector perform
\nSector perform
\n385p
\n425p
\nTarget raised<\/p>\n

Mondi
\nBarclays
\nUnderweight
\nUnderweight
\n770p
\n630p
\nTarget cut<\/p>\n

Morgan Advanced Materials
\nBarclays
\nEqual weight
\nEqual weight
\n270p
\n300p
\nTarget raised<\/p>\n

Morgan Advanced Materials
\nDeutsche Bank
\nHold
\nHold
\n235p
\n240p
\nTarget raised<\/p>\n

National Grid
\nGoldman Sachs
\nBuy
\nBuy
\n1,294p
\n1,293p
\nTarget cut<\/p>\n

National Grid
\nMorgan Stanley
\nOverweight
\nOverweight
\n1,400p
\n1,500p
\nTarget raised<\/p>\n

NatWest
\nBank of America
\nBuy
\nBuy
\n850p
\n800p
\nTarget cut<\/p>\n

NatWest
\nGoldman Sachs
\nNeutral
\nNeutral
\n790p
\n765p
\nTarget cut<\/p>\n

Next
\nBarclays
\nEqual weight
\nEqual weight
\n15,400p
\n15,500p
\nTarget raised<\/p>\n

Next
\nGoldman Sachs
\nBuy
\nBuy
\n17,000p
\n17,200p
\nTarget raised<\/p>\n

Next
\nJefferies
\nHold
\nHold
\n15,800p
\n15,800p
\nReiterated after Q3; international growth offsets softer UK, valuation already reflects strength<\/p>\n

Next
\nRBC Capital Markets
\nOutperform
\nOutperform
\n17,000p
\n17,500p
\nTarget raised<\/p>\n

Next 15 Group
\nBerenberg
\nBuy
\nBuy
\n510p
\n475p
\nTarget cut<\/p>\n

Pennon Group
\nBarclays
\nOverweight
\nOverweight
\n670p
\n475p
\nTarget cut<\/p>\n

Pennon Group
\nGoldman Sachs
\nNeutral
\nNeutral
\n406p
\n425p
\nTarget raised<\/p>\n

Pennon Group
\nJPMorgan
\nNeutral
\nNeutral
\n557p
\n375p
\nTarget cut<\/p>\n

Pets at Home
\nBarclays
\nEqual weight
\nEqual weight
\n\u2014
\n265p
\nTarget set (previous not given)<\/p>\n

Pets at Home
\nJefferies
\nBuy
\nBuy
\n265p
\n305p
\nTarget raised<\/p>\n

Prudential
\nBank of America
\nBuy
\nBuy
\n1,370p
\n1,360p
\nTarget cut<\/p>\n

Prudential
\nBarclays
\nOverweight
\nOverweight
\n1,400p
\n1,385p
\nTarget cut<\/p>\n

Prudential
\nJefferies
\nBuy
\nBuy
\n1,500p
\n1,450p
\nTarget cut<\/p>\n

Qinetiq
\nJefferies
\nHold
\nHold
\n487p
\n525p
\nTarget raised<\/p>\n

Quilter
\nRBC Capital Markets
\nOutperform
\nOutperform
\n235p
\n240p
\nTarget raised<\/p>\n

Rightmove
\nBarclays
\nUnderweight
\nUnderweight
\n460p
\n500p
\nTarget raised<\/p>\n

Rightmove
\nBerenberg
\nBuy
\nBuy
\n575p
\n665p
\nTarget raised<\/p>\n

Rightmove
\nBernstein
\nOutperform
\nOutperform
\n573p
\n565p
\nTarget cut<\/p>\n

Rightmove
\nCitigroup
\nNeutral
\nNeutral
\n486p
\n580p
\nTarget raised<\/p>\n

Rightmove
\nGoldman Sachs
\nNeutral
\nNeutral
\n505p
\n524p
\nTarget raised<\/p>\n

Rightmove
\nUBS
\nNeutral
\nNeutral
\n490p
\n510p
\nTarget raised<\/p>\n

Rolls-Royce
\nBank of America
\nBuy
\nBuy
\n1,850p
\n1,625p
\nTarget cut<\/p>\n

RS Group
\nBarclays
\nOverweight
\nOverweight
\n800p
\n900p
\nTarget raised<\/p>\n

RS Group
\nDeutsche Bank
\nBuy
\nBuy
\n850p
\n885p
\nTarget raised<\/p>\n

RS Group
\nRBC Capital Markets
\nOutperform
\nOutperform
\n780p
\n840p
\nTarget raised<\/p>\n

Ryanair
\nBarclays
\nEqual weight
\nOverweight
\n\u20ac24
\n\u20ac29
\nUpgrade and target raised (euros)<\/p>\n

Ryanair
\nCitigroup
\nBuy
\nBuy
\n\u20ac31.30
\n\u20ac32
\nTarget raised (euros)<\/p>\n

Ryanair
\nGoldman Sachs
\nNeutral
\nNeutral
\n\u20ac26
\n\u20ac27
\nTarget raised (euros)<\/p>\n

Ryanair
\nJPMorgan
\nOverweight
\nOverweight
\n\u20ac29
\n\u20ac30
\nTarget raised (euros)<\/p>\n

Ryanair
\nRBC Capital Markets
\nOutperform
\nOutperform
\n\u20ac28
\n\u20ac27.50
\nTarget cut (euros)<\/p>\n

Severn Trent
\nBarclays
\nEqual weight
\nEqual weight
\n3,385p
\n3,685p
\nTarget raised<\/p>\n

Severn Trent
\nGoldman Sachs
\nSell
\nSell
\n2,972p
\n3,116p
\nTarget raised<\/p>\n

Severn Trent
\nJPMorgan
\nNeutral
\nNeutral
\n3,225p
\n3,310p
\nTarget raised<\/p>\n

Shell
\nLBBW
\nBuy
\nBuy
\n3,600p
\n4,300p
\nTarget raised<\/p>\n

Shell
\nSantander
\nOutperform
\nNeutral
\n4,150p
\n4,100p
\nDowngrade and target cut<\/p>\n

Smith & Nephew
\nBarclays
\nUnderweight
\nUnderweight
\n1,050p
\n1,020p
\nTarget cut<\/p>\n

Smith & Nephew
\nCitigroup
\nBuy
\nBuy
\n1,550p
\n1,380p
\nTarget cut<\/p>\n

Smith & Nephew
\nJefferies
\nBuy
\nBuy
\n1,500p
\n1,400p
\nTarget cut<\/p>\n

Smith & Nephew
\nOddo BHF
\nNeutral
\nNeutral
\n1,240p
\n1,220p
\nTarget cut<\/p>\n

Smith & Nephew
\nUBS
\nNeutral
\nNeutral
\n1,120p
\n1,210p
\nTarget raised<\/p>\n

Smiths News
\nBerenberg
\nBuy
\nBuy
\n88p
\n110p
\nTarget raised<\/p>\n

St James\u2019s Place
\nJPMorgan
\nNeutral
\nNeutral
\n1,381p
\n1,391p
\nTarget raised<\/p>\n

Tatton Asset Management
\nRBC Capital Markets
\nOutperform
\nOutperform
\n900p
\n925p
\nTarget raised<\/p>\n

Tesco
\nCitigroup
\n\u2014
\nBuy
\n\u2014
\n545p
\nCoverage resumed<\/p>\n

Trainline
\nBarclays
\nUnderweight
\nUnderweight
\n190p
\n185p
\nTarget cut<\/p>\n

Trainline
\nJPMorgan
\nUnderweight
\nUnderweight
\n185p
\n175p
\nTarget cut<\/p>\n

Unilever
\nDeutsche Bank
\nHold
\nHold
\n5,150p
\n5,300p
\nTarget raised<\/p>\n

United Utilities
\nBarclays
\nOverweight
\nOverweight
\n1,535p
\n1,700p
\nTarget raised<\/p>\n

United Utilities
\nGoldman Sachs
\nNeutral
\nNeutral
\n1,523p
\n1,577p
\nTarget raised<\/p>\n

United Utilities
\nJPMorgan
\nNeutral
\nNeutral
\n1,450p
\n1,590p
\nTarget raised<\/p>\n

Vaalco Energy
\nCanaccord Genuity
\nBuy
\nBuy
\n800p
\n765p
\nTarget cut on updated production guidance and higher net debt; cash flow uplift expected from Q4<\/p>\n

Vistry
\nDavy
\nNeutral
\nUnderperform
\n325p
\n216p
\nDowngrade and target cut<\/p>\n

Vistry
\nUBS
\nNeutral
\nNeutral
\n300p
\n270p
\nTarget cut<\/p>\n

Weir Group
\nBarclays
\nOverweight
\nOverweight
\n3,750p
\n3,500p
\nTarget cut<\/p>\n

Weir Group
\nCitigroup
\nBuy
\nBuy
\n3,050p
\n2,900p
\nTarget cut<\/p>\n

Whitbread
\nBarclays
\nEqual weight
\nEqual weight
\n2,200p
\n2,800p
\nTarget raised<\/p>\n

Whitbread
\nJPMorgan
\nNeutral
\nNeutral
\n2,740p
\n3,100p
\nTarget raised<\/p>\n

Whitbread
\nUBS
\nBuy
\nBuy
\n3,150p
\n3,310p
\nTarget raised<\/p>\n

WPP
\nCitigroup
\nNeutral
\nNeutral
\n450p
\n475p
\nTarget raised<\/p>\n

WPP
\nUBS
\nSell
\nSell
\n250p
\n310p
\nTarget raised<\/p>\n","protected":false},"excerpt":{"rendered":"This week\u2019s broker tips are led by Auto Trader. Berenberg has upgraded the online car marketplace to \u2018Buy\u2019,…\n","protected":false},"author":2,"featured_media":163329,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20731],"tags":[63696,1238],"class_list":["post-163328","post","type-post","status-publish","format-standard","has-post-thumbnail","category-rolls-royce","tag-next-lonnxt","tag-rolls-royce"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117592228406426982","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/163328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=163328"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/163328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/163329"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=163328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=163328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=163328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}