ANALYST RECOMMENDATIONS : Alibaba, Burberry, Lyft, Peloton Interactive, Warner Music...

Every day, find a selection of analysts' recommendations covering North America and the UK. The list only includes companies that have been the subject of a change of opinion or price target, or of a new coverage. It may be updated during the session. This information is used to shed light on the movements of certain stocks or the market sentiment on a company.

 

• Admiral: HSBC upgrades from hold to buy targeting GBp 3300.
• Alibaba: Macquarie reinstated coverage of Alibaba Group Holding Ltd. ADRs with a recommendation of outperform. PT set to $155.
• BHP: Exane BNP Paribas downgrades from neutral to underperform with a target of GBp 2185.
• Big Lots: J.P. Morgan downgrades to underweight from neutral. PT down 21% to $31.
• Burberry: Jefferies maintains a Hold rating with a price target raised from £2,100 to £2,200.
• Chemring: Barclays moves from Overweight to equal-weight with GBp 300 target.
• Iris Energy: Macquarie reinstated coverage with a recommendation of outperform. PT set to $31.
• JD.com: Macquarie reinstated coverage of JD.com Inc. Class A ADRs with a recommendation of outperform. PT set to $102.
• Lyft: Wedbush cuts price target to $50 from $77, outperform rating kept.
• Meta: Citigroup adjusts price target to $258 from $330, maintains neutral rating
• Peloton Interactive: Baird adjusts price target to $46 from $40, keeps outperform rating
• Prudential Financial: DA Davidson downgrades prudential financial to neutral from buy/add; price target to $127 from $123
• Rightmove: J.P. Morgan downgrades from neutral to underweight, targeting GBp 565.
• The Weir Group: Goldman Sachs upgrades from neutral to buy targeting GBp 2030.
• Warner Music: Truist Securities adjusts price target to $45 from $51, reiterates buy rating
• Willis Tower: Wells Fargo Securities downgrades to equal-weight from overweight. PT up 6.6% to $240.