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Key: (?) = Upgraded, (?) = Downgraded, (-) = Maintained
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| BAE Systems | UBS ups TP to 375p from 360p, Buy |
| Bunzl | Cantor downgrades to sell from reduce |
| Ladbrokes | Citigroup ups TP to 240p from 160p, neutral |
| Microgen | Investec cuts TP to 133p from 165p, Hold |
| Mondi | Citigroup downgrades to sell from neutral; ups TP to 810p from 670p |
| Phoenix IT | N+1 singer downgrades to sell from Hold * N+1 singer cuts TP to 145p from 150p |
| Reckitt Benckiser | Investec downgrades to sell from Hold |
| Spectris | Citigroup ups TP to 2413p from 2140p, neutral |
| Standard Chartered | Nomura ups TP to 2050p from 1800p, Buy |
| Tate & Lyle | UBS ups TP to 795p from 765p, neutral |
| Wolseley | JP Morgan ups TP to 3,350p from 3,150p, overweight |
| Source: Reuters News, AlphaTerminal, Dow Jones Newswires | |
Source: Bloomberg, Reuters News, AlphaTerminal, Dow Jones Newswires
T111his research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research