Jefferies cuts Tullow; Berenberg likes Volex

On Thursday morning and Wednesday, several London-listed shares received analyst recommendations from various financial institutions.

Firstly, Royal Bank of Canada (RBC) cut its price target for Shell to 3,000 pence and maintained its 'outperform' rating. This means that RBC believes that the stock is undervalued and has potential for growth.

Secondly, RBC also cut its price target for BP to 600 pence and maintained its 'outperform' rating. This suggests that RBC believes that BP's stock is undervalued and has potential for growth.

Thirdly, UBS raised its price target for Relx to 3,640 pence and maintained its 'buy' rating. This means that UBS believes that the stock is undervalued and has potential for growth.

Finally, Morgan Stanley also made an announcement regarding Volex, a company listed on the London Stock Exchange. Berenberg, a German investment bank, has expressed its liking for Volex by maintaining its 'outperform' rating. This suggests that Berenberg believes that Volex's stock is undervalued and has potential for growth.

It's worth noting that these recommendations are based on the analysts' analysis of the companies' financial performance, growth prospects, and other factors. However, it's important to remember that past performance is not a guarantee of future results, and investors should conduct their own research before making any investment decisions.