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AI Daily 4 entries
LONDON MARKET CLOSE: FTSE 100 retreats amid weak metal and oil prices
LONDON BROKER RATINGS: Berenberg raises Vodafone; Barclays cuts Hikma
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- 7th Jan 2026 10:04
- The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:
- FTSE 100
- Berenberg raises Vodafone to 'buy' (hold) - price target 119 (82) pence
- Morgan Stanley raises Rentokil Initial to 'overweight' (equal weight) - price target 520 (450) pence
- Morgan Stanley cuts DCC to 'equal weight' (overweight) - price target 5,750 (6,150) pence
- Morgan Stanley raises Ashtead price target to 6,200 (6,000) pence - 'overweight'
- Barclays reinitiates GSK with 'underweight' - price target 1,780 pence
- Barclays raises AstraZeneca price target to 16,500 (14,000) pence - 'overweight'
- Barclays cuts Hikma Pharmaceuticals to 'underweight' (equal weight) - price target 1,600 (2100) pence
- Bernstein cuts Unilever price target to 5,800 (5,900) pence - 'outperform'
- Jefferies raises Unilever price target to 4,100 (4,000) pence - 'underperform'
- Bernstein raises Reckitt Benckiser price target to 7,500 (6,500) pence - 'outperform'
- Jefferies raises Reckitt Benckiser price target to 5,900 (5,500) pence - 'hold'
- Bernstein cuts Haleon price target to 415 (420) pence - 'market-perform'
- Berenberg raises Next price target to 18,000 (17,800) pence - 'buy'
- Barclays raises Next price target to 13,700 (13,400) pence - 'equal weight'
- Citigroup cuts Whitbread price target to 3,100 (3,800) pence - 'buy'
- Citigroup raises J Sainsbury price target to 366 (349) pence - 'buy'
- Citigroup raises Tesco price target to 515 (510) pence - 'buy'
- Deutsche Bank Research raises Admiral price target to 3,550 (3,500) pence - 'buy'
- Deutsche Bank Research cuts Phoenix Group to 'hold' (buy) - price target 755 (720) pence
- Deutsche Bank Research reinitiates Aviva with 'buy' - price target 760 pence
- Deutsche Bank Research reinitiates Prudential with 'buy' - price target 1,355 pence
- Deutsche Bank reinitiates Legal & General with 'hold' - price target 270 pence
- Deutsche Bank Research reinitiates M&G with 'hold' - price target 290 pence
- Deutsche Bank Research raises Beazley price target to 1,050 (977) pence - 'buy'
- UBS cuts Diageo price target to 1,780 (1,850) pence - 'neutral'
- FTSE 250
- Morgan Stanley raises RS to 'overweight' (equal weight) - price target 790 pence
- Jefferies raises Drax price target to 1,120 (750) pence - 'buy'
- Deutsche Bank Research raises Applied Nutrition price target to 295 (235) pence - 'buy'
- Deutsche Bank Research cuts Aston Martin price target to 75 (80) pence - 'hold'
- SMALL CAP
- Barclays cuts Wise price target to 1,130 (1,250) pence - 'overweight'
- Deutsche Bank Research raises Sabre Insurance price target to 190 (183) pence - 'buy'
- Related Shares:
LONDON MARKET OPEN: FTSE 100 retreats from high as oil firms fall
- London Stock Market:
- FTSE 100 opened lower, down 0.5% at 10,072.94, retreating from a record high.
- FTSE 250 down 0.2% at 22,740.99; AIM All-Share up 0.1% at 780.62.
- Oil firms BP and Shell weighed on the index, falling 2.8% and 2.2% respectively due to lower oil prices.
- Vodafone led gains, up 2.4% after Berenberg upgraded its rating to 'buy' and raised its price target.
- European Markets:
- CAC 40 in Paris down 0.2%; DAX 40 in Frankfurt up 0.5%.
- Global Markets:
- Wall Street ended higher on Tuesday: Dow Jones +1.0%, S&P 500 +0.6%, Nasdaq +0.6%.
- Asian markets mixed: Nikkei 225 down 1.1%, Shanghai Composite up 0.1%, Hang Seng down 0.9%, S&P/ASX 200 up 0.2%.
- Currencies:
- Sterling down to USD1.3493; Euro slightly lower at USD1.1685; Dollar lower against yen at JPY156.51.
- Commodities:
- Brent oil down to USD60.14/barrel after Trump's comments on Venezuelan oil.
- Gold down to USD4,467.20/ounce.
- Corporate News:
- GSK shares down 0.9% despite positive developments in shingles vaccine and hepatitis B treatment.
- Hikma Pharmaceuticals down 2.2% after Barclays cut its rating to 'underweight'.
- Great Portland Estates up 1.4% after acquiring a new leasehold interest in London for GBP51 million.
- Galantas Gold shares more than doubled after acquiring the Andacollo Oro gold project in Chile for USD32.0 million.
- Economic Calendar:
- Upcoming: UK construction PMI, eurozone inflation figures, US ISM services PMI, ADP unemployment data, and JOLTS job vacancies report.
- Analyst Commentary:
- Swissquote's Ipek Ozkardeskaya noted ongoing trade tensions, geopolitical uncertainties, and AI valuation doubts, but highlighted bullish market momentum.
- Ozkardeskaya emphasized the importance of defense stocks amid strained US-NATO/Europe relations.
LONDON MARKET EARLY CALL: FTSE 100 to retreat from record high
- London Stocks: FTSE 100 set to open 0.2% lower at 10,098.63 on Wednesday, after reaching a record close of 10,122.73 on Tuesday.
- Currency Movements: Sterling up at USD1.3507, euro slightly higher at USD1.1694, and dollar lower against the yen at JPY156.34.
- Geopolitical Focus: Ongoing uncertainty in Venezuela remains a key concern, though no immediate escalation is expected, allowing markets to refocus on strong fundamentals for risk assets.
- US-Venezuela Oil Deal: President Trump announced the US will receive 30-50 million barrels of sanctioned Venezuelan oil, with proceeds controlled to benefit both nations.
- US-Greenland Interest: Secretary of State Marco Rubio clarified the US seeks to buy Greenland, not invade it.
- Ukraine Security Guarantees: Western allies agreed on security measures for Ukraine, including a US-led monitoring mechanism and a European multinational force post-ceasefire.
- US Markets: Wall Street closed higher on Tuesday, with the Dow up 1.0%, S&P 500 up 0.6%, and Nasdaq up 0.6%.
- Global Markets: Asian markets mixed on Wednesday, with Nikkei down 1.0%, Shanghai Composite down 0.1%, Hang Seng down 1.3%, and S&P/ASX 200 up 0.2%.
- Commodities: Gold down to USD4,445.20/ounce, Brent oil lower at USD59.96/barrel.
- Economic Calendar: Eurozone inflation figures, construction PMIs, US ISM services PMI, ADP unemployment data, and JOLTS job vacancies report scheduled for Wednesday.
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