London-listed shares see a flurry of analyst recommendations

© Reuters.

A raft of analyst recommendations for London-listed shares hit the market on Monday, affecting both FTSE 100 and FTSE 250 companies, as well as some small cap stocks.

In the FTSE 100, Berenberg upgraded BAE Systems (LON:BAES) to 'Buy' from 'Hold', raising the price target to 1,170 pence from 1,050 pence. Citigroup (NYSE:C) also turned bullish on Antofagasta (LON:ANTO), upgrading the stock to 'Buy' with a price target of 1,700 pence. Barclays (LON:BARC) adjusted its price targets for several companies: it raised Informa's price target to 890 pence from 885 pence and labeled it 'overweight'; increased Relx's price target to 2,860 pence from 2,770 pence with an 'Equal weight' rating; raised Pearson (LON:PSON)'s price target to 930 pence from 900 pence with an 'Equal weight' rating; and cut Reckitt's price target to 7,400 pence from 7,700 pence while maintaining an 'Overweight' rating.

In contrast, Morgan Stanley (NYSE:MS) cut NatWest (LON:NWG) to 'Equal-weight', reducing the price target to 310 pence. Berenberg lowered BT Group (LON:BT)'s price target to 135 pence from 150 pence and gave it a 'Hold' rating. UBS cut Entain (LON:ENT)'s price target to 1,620 pence from 1,720 pence but kept its 'Buy' rating. RBC also made several cuts: it reduced Burberry's price target to 1,900 pence from 2,200 pence with a 'Sector perform' rating and lowered Kingfisher (LON:KGF)'s price target to 250 pence from 275 pence while maintaining an 'Outperform' rating.

In the FTSE 250 category, Jefferies raised PageGroup to 'Hold' from 'Underperform', increasing the price target to 420 pence from 375 pence. RBC increased FirstGroup (LON:FGP)'s price target to 180 pence from 170 pence and gave it an 'Outperform' rating. However, Barclays cut Future PLC (LON:FUTR)'s price target to 1,080 pence from 1,350 pence but kept its 'Overweight' rating. JPMorgan (NYSE:JPM) reduced 888's price target to 150 pence from 180 pence while maintaining an 'Overweight' rating. Deutsche Bank (ETR:DBKGn) cut PZ Cussons (LON:PZC)' price target to 220 pence from 227 pence but kept the 'Buy' rating. RBC lowered Watches of Switzerland's price target to 800 pence from 900 pence with an 'Outperform' rating, and JPMorgan cut easyJet (LON:EZJ)'s price target to 540 pence from 570 pence, labeling it 'Neutral'.

In the small-cap arena, HSBC (LON:HSBA) downgraded Robert Walters to 'Hold', setting a price target of 405 pence (GBP1 = USD1.2180).

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