…and some to sell

CMC Markets Sharecast

Shore Capital has downgraded its stance on CMC Markets to “hold”. Shares have put in a solid recovery since the FCA launched a review of the sector in December, but the risk/ reward ratio is now more finely balanced. Review. 147.25p.

HSBC Sharecast

Although the lender has made “genuine progress” after a “decade of decline”, Investec believes 2017 will be a “trough” year. Prospects for a major buy-back are already priced in, and the valuation is stretched. Sell. 691.6p. After gaining 40% since early 2016, the hotel group’s shares have been downgraded to “neutral” by Credit Suisse. Intercontinental is a “quality” company, but its stock has rarely been so expensive in the past ten years. Review. £44.01.

Monitise The Times

Once a stock market darling, shares in the mobile payments firm were badly hit by profit warnings, management exits and an aborted sale. Shares have rallied on an all-cash offer at 2.9p per share. Make the most of it. Sell. 2.81p.

Next The Daily Telegraph

Credit Suisse has downgraded the “mature retailer” to “underperform”, fearing “a value trap”. The bank blames soft demand, ongoing price pressure across Europe and fierce online competition. Sell. £40.37.

Weir Group City AM

The Scottish engineer has agreed to buy Singapore-based oil and gas technology provider KOP. But Investec questions whether KOP is worth the £89m price tag, and names a target price of £18.16. Sell. £18.76.