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Live Daily Market Updates: Ferrexpo Price Target Lowered at JPMorgan

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Analyst Team
Updated: 26 Apr 2022

Latest 17:02
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European Stocks Slide

After a positive start, European stocks closed mostly lower.

FTSE 100: +0.07%
DAX: -1.20%
CAC 40: -0.54%
Stoxx 50: -0.93%
IBEX 35: -1.59%

US Equities Open

Dow -0.71%

S&P 500 -0.61%

Nasdaq -0.80%

US Premarket

European equities are still trading higher premarket, with the FTSE 100 up just over 1%.

US index futures are, however, pointing to a lower open with the Dow at -0.38%, the S&P 500 at -0.29%, and the Nasdaq at -0.30%.

JetBlue is down 2.45% premarket after reporting earnings. The airline beat earnings and revenue estimates.

UPS is up 1.63% in premarket action after it too reported earnings. The company beat top and bottom-line estimates.

Shares of the food and beverage giant PepsiCo fell slightly premarket, despite beating earnings and revenue forecasts.


Novacyt (NYCT) Shares Crashed 16% on Fresh Twist in the DHSC Dispute

-Novacyt shares crashed 16% after the DHSC issued a £134.6m claim.
-Investors were shocked at the new twist in the dispute that started in 2021.

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1. IAG and EasyJet Shares To Benefit From the Airline Passengers’ Surge

2. Citi Downgrades Aston Martin, AML, To Neutral – Is This Right?

3. Cleantech Lithium Shares Up 6% On KMX Memorandum

Price Target Changes

Wood Group’s price target was lowered to 285p from 290p at JPMorgan

Ferrexpo price target reduced to 340p from 350p at JPMorgan

Ibstock price target lifted to 230p from 220p at JPMorgan

Antofagasta’s price target was lowered to 1,370p from 1,500p at Morgan Stanley

Hargreaves Lansdown price target decreased to 1,245p at Credit Suisse

Future plc price target reduced to 3,300p from 3,900p at Barclays

Pantheon Resources’ price target boosted to 280p from 250p at Canaccord

European Market Open

Good morning…

Despite a poor start in US equities Monday, they ended up closing the session higher. This morning, European stocks have followed suit…

FTSE 100: +0.69%
DAX: +0.86%
CAC 40: +0.26%
Stoxx 50: +0.83%
IBEX 35: +1.31%

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