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For a more detailed explanation of Upgrades/Downgrades see Link
Key: (?) = Upgraded, (?) = Downgraded, (-) = Maintained
| Stock | Broker Update |
| BAE Systems | UBS cuts TP to 500p from 510p, Buy |
| Bunzl | Jefferies rases TP to 1220p from 990p, underperform |
| Cairn Energy | SocGen cuts TP to 240p from 290p, Hold |
| Dairy Crest | JP Morgan ups TP to 600p from 583p, overweight |
| De La Rue | JP Morgan downgrades to neutral from overweight |
| GlaxoSmithKline | SocGen cuts TP to 1960p from 2000p, Buy |
| Inmarsat | Nomura ups TP to 770p from 715p, neutral |
| Pearson | HSBC cuts TP to 1050p from 1100p, underweight |
| Premier Farnell | HSBC downgrades to neutral from overweight; cuts TP to 220p from 290p |
| Royal Dutch Shell | HSBC downgrades to neutral from overweight |
| Serco Group | Panmure downgrades to Hold from Buy, cuts TP to 460p from 560p |
| SIG | JP Morgan ups to neutral from underweight |
| The Paragon Group of Companies | UBS ups TP to 350p from 325p, neutral |
| The Paragon Group of Companies | Jefferies ups TP to 420p from 400p, Buy |
| Travis Perkins | JP Morgan ups TP to 1750p from 1380p, neutral |
| Unilever | UBS cuts TP to 27 euros from 29.50 euros, neutral |
| Weir Group | Jefferies cuts TP to 2335p from 2500p, Hold |
| Source: Reuters News, AlphaTerminal, Dow Jones Newswires | |
Source: Bloomberg, Reuters News, AlphaTerminal, Dow Jones Newswires
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