• Applied Materials: Barclays downgrades to underweight from equal-weight. PT down 18% to $90.
  • Associated British Foods: Deutsche Bank upgrades from hold to buy targeting GBp 2180.
  • Close Brothers: Investec upgrades to hold from sell. PT down 1.9% to 955 pence.
  • KLA Corp: Barclays downgrades to underweight from equal-weight. PT down 21% to $325.
  • Pendragon: Jefferies resumes its Buy rating, targeting GBp 25.
  • PTC: KeyBanc Capital Markets upgrades to overweight from sector weight. PT up 19% to $155.
  • Skyworks: Barclays upgrades to overweight from equal-weight. PT up 21% to $125.
  • Vodafone: Jefferies remains "Hold" with a price target reduced from GBp 100 to GBp 85.
  • Warner Music: Barclays downgrades to equal-weight from overweight. PT down 1.6% to $35.
  • Western Digital: Exane BNP Paribas upgrades to neutral from underperform. PT up 9.2% to $42.