Analyst recommendations: Baidu, Canopy Growth, General Motors, Laredo Petroleum, Rolls-Royce...
Berenberg has devoted a study to the construction sector, raising its price targets on several stocks. In the aerospace sector, Rolls-Royce has been upgraded. Wedbush initiates coverage on General Motors with outperform rating, $85 price target, while KGI Securities starts coverage of Baidu and Bilibili. Siebert Williams Shank downgrades Laredo Petroleum.
- American Tower Corporation (REIT) : Deutsche Bank adjusts pt to $295 from $250, maintains hold rating
- Alexander & Baldwin : Sidoti & Co reinstates buy rating, $24 price target
- Baidu : KGI Securities initiates coverage with neutral rating, $210 price target
- Bilibili : KGI Securities initiates coverage with outperform rating, $125 price target
- Bunzl: Berenberg upgrades from hold to buy with a target of GBp 2,750.
- Canopy Growth : Piper Sandler cuts pt to us$24, keeps neutral rating
- Ferguson: Berenberg remains a hold with a target price raised from GBp 9200 to GBp 9500.
- General Motors : Wedbush initiates coverage with outperform rating, $85 price target
- John Wood: Jefferies remains Underperform with a price target reduced from GBP 230 to GBP 150.
- Laredo Petroleum : Siebert Williams Shank downgrades to hold rating to buy, keeps price target at $66
- Microsoft : KGI Securities adjusts pt to $345 from $300, maintains outperform rating
- Petrofac: Jefferies remains at Hold with a price target reduced from GBp 170 to GBp 140.
- Raytheon Technologies : Cowen raises price target to $95 from $88, maintains outperform rating
- Reckitt Benckiser: RBC keeps Neutral rating. The target price is reduced from GBp 6800 to GBp 6500.
- Ricardo: Jefferies resumes its Buy rating with a target of GBP 530.
- Rio Tinto: Goldman Sachs maintains his Neutral opinion on the stock. The target price is unchanged at GBp 5920.
- Rolls-Royce: Kepler Cheuvreux upgraded from neutral to buy with a target of GBP 130.
- State Street : Wolfe Research upgrades to peer perform rating from underperform, sets $91 price target
- Synthomer: Jefferies remains Buy with a price target reduced from GBp 655 to GBp 650.
- Watches of Switzerland: Jefferies remains Buy with a price target raised from GBp 800 to GBp 990.
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