- Associated British Foods: Jefferies downgrades from buy to hold, targeting GBp 1500.
- Avon Protection: Jefferies remains Buy with a price target reduced from GBp 1490 to GBp 1120.
- B&M European Value Retail: Jefferies downgrades from hold to underperform with a target of GBp 300.
- BT Group: Berenberg downgrades from buy to hold, targeting GBp 190.
- Burberry: Berenberg maintains a hold rating with a price target reduced from GBp 2050 to GBp 1730.
- Ciena: J.P. Morgan downgrades to neutral from overweight. PT up 1.8% to $45.
- Discover Financial: J.P. Morgan downgrades to neutral from overweight. PT up 14% to $113.
- Discoverie Group: Jefferies maintains a Hold rating with a price target reduced from GBp 1070 to GBp 820.
- Fedex: Citi analyst Christian Wetherbee cut its recommendation to neutral from buy. PT up 7.8% to $225.
- Frontline: Jefferies raised the recommendation to buy from hold. PT up 34% to $16.
- Greif: Wells Fargo Securities downgrades to equal-weight from overweight. PT up 5.6% to $71.
- J Sainsbury: Jefferies downgrades from buy to hold targeting GBp 210.
- JD Sports Fashion: Berenberg remains Buy with a price target reduced from GBp 200 to GBp 180.
- Kingfisher: Jefferies downgrades from buy to hold, targeting GBp 240.
- Marks and Spencer: Jefferies maintains a Hold rating with a price target reduced from GBp 170 to GBp 115.
- Next: Jefferies maintains a Hold rating with a price target reduced from GBp 6,350 to GBp 5,500.
- Ocado: Morgan Stanley resumes tracking at Underweight, targeting GBp 610.
- Redde Northgate: Jefferies remains Buy with a price target reduced from GBp 506 to GBp 450.
- Rollins: RBC Capital Markets raised its recommendation to outperform from sector perform. PT up 19% to $40.
- Tesco: Jefferies downgrades from buy to hold, targeting GBp 260.
- Tesla: Wolfe Research upgrades to outperform from peerperform. PT up 33% to $360.