To appear in Best of the Brokers, email your research to email@example.com
S&P Capital has downgraded Anglo-American metals, mining and petroleum firm BHP Billiton from a “buy” to “hold” rating. “We expect weaker commodity prices to increasingly impact on group profits as hedges expire and see currency headwinds from a stronger US dollar,” said analyst Clive Roberts.
Canaccord Genuity has downgraded its recommendation for British polymer-product manufacturer Fenner from “buy” to “hold”. Analyst Harry Philips said: “ECS [is] seeing further margin pressure in Australia… Fenner currently sees 2015 earnings to be running slightly below current expectations.”