HSBC upgraded Sainsbury’s to ‘buy’ from ‘hold’ on Tuesday and lifted the price target to 310p from 300p as it took a look at European food retail.
Citi upgraded Segro on Monday to ‘buy’ from ‘neutral’, saying it estimates that as rates decline, the risk to its previous estimates of deep recession rent declines reverses and it now expects growth.
Goldman Sachs upgraded shares of engineer IMI on Wednesday to ‘buy’ from neutral’ and lifted the price target to 2,020p from 1,780p, saying it sees around 30% upside versus 17% for the sector.
Bank of America Merrill Lynch upgraded Johnson Matthey on Monday to ‘buy’ from ‘underperform’ and hiked the price target to 2,000p from 1,600p as it argued the company has a far better cash flow profile than its valuation discounts.