Several London-listed shares have undergone notable changes in their price targets, following recent analyst recommendations. Today, UBS and Berenberg made significant alterations to the targets of HSBC (LON:HSBA) and Whitbread (LON:WTB) respectively. UBS reduced the price target for HSBC to 620 pence, maintaining a neutral outlook, while Berenberg increased Whitbread's target to 4,200 pence, preserving its buy rating.
Goldman Sachs (NYSE:GS) also played a significant role in today's revisions, downgrading Segro to sell with a new target of 580 pence. The financial giant also lessened BP (NYSE:BP)'s target to 640 pence but maintained a buy recommendation. JPMorgan (NYSE:JPM) marked BP as underweight, setting a new target at 550 pence. The firm also decreased Entain (LON:ENT)'s target to 1,700 pence while keeping an overweight stance.
In the FTSE 250 segment, Goldman Sachs reduced Aston Martin Lagonda Global's target to 408 pence but retained a buy stance. Berenberg revised Mobico Group's target to 100 pence with a buy rating. Barclays (LON:BARC) adjusted the targets for Ascential and IG Group and increased Ascential's target to 320 pence while maintaining an overweight rating.
RBC lowered RHI Magnesita's target to 2,800 pence with a 'sector perform' rating. Jefferies made adjustments to the targets for Essentra (LON:ESNT) and Safestore, cutting Essentra's target while retaining a buy rating and reducing Safestore's target with a hold stance.
Berenberg also made revisions in the Small Cap sector, adjusting targets for ASOS (LON:ASOS), Adriatic Metals, and Yellow (OTC:YELLQ) Cake, all with 'buy' ratings. These changes illustrate the dynamic nature of the stock market and reflect analysts' evolving perspectives on these companies' performance and future prospects.
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