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Live Daily Market Updates: EasyJet, IAG Price Targets Cut

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Analyst Team
Updated: 25 Apr 2022

Latest 16:37
European Equities Close Lower

European equities closed the day lower…

FTSE 100: -1.89%
DAX: -1.59%
CAC 40: -2.01%
Stoxx 50: -2.19%
IBEX 35: -0.86%

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US Premarket

European equities are still firmly in the red, with the FTSE 100 now down 1.74%, not helped by the fall in oil prices, which stem from Chinese lockdown-related demand fears.

US index futures are also down, with the Dow at -0.61%, the S&P 500 at -0.60%, and the Nasdaq at -0.53%.

Twitter is up 4.82% premarket on reports that the social media giant is close to a deal to be taken over by Tesla CEO Elon Musk.

Coca-Cola shares are up 1.84% after its report beat top and bottom line analyst expectations.

With oil prices falling, oil stocks have naturally been impacted, with companies such as Marathon Oil, Chevron, and Exxon Mobil down more than 2% premarket.

Gold Slides

Gold is down over 1% to $1,910, its lowest in four weeks on Monday, as prospects of aggressive Fed rate hikes and a strengthening dollar have impacted the yellow metal.

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Intu Properties, INTU, Still Bust, Still Valueless

London-listed price target changes From Friday and the weekend

Antofagasta price target lowered to 1,400p from 1,450p at UBS

Antofagasta price target reduced to 1,550p from 1,560p at JPMorgan

Anglo American price target decreased to 3,000p from 3,200p at UBS

Anglo American price target lowered to 3,450p from 3,600p at JPMorgan

Synthomer price target trimmed to 420p from 460p at Barclays

Man Group’s price target increased to 255p from 240p at Barclays

Man Group price target raised to 300p from 295p at JPMorgan

IAG price target cut to 205p from 210p at Barclays

Easyjet price target lowered to 700p from 705p at Barclays

Diageo’s price target lowered to 4,700p from 4,800p at Barclays

Oxford Biomedica’s price target reduced to 1,070p at RBC Capital

Spectris price target trimmed to 3,835p from 4,380p at Berenberg

QinetiQ price target boosted to 400p from 335p at Berenberg

Petra Diamonds’ price target raised to 129p from 126p at Berenberg

European Open

After a red close for US equities Friday, stocks in Europe are down Monday morning…

FTSE 100: -1.58%
DAX: -1.69%
CAC 40: -1.90%
Stoxx 50: -1.89%
IBEX 35: -0.99%

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