• 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.