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LONDON BROKER RATINGS: Berenberg ups miners; UBS ups Phoenix, cuts M&G

ALN

The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

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FTSE 100

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UBS cuts Admiral to ’neutral’ - price target 3,300 pence

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Keefe Bruyette & Woods raises HSBC to ’outperform’ - price target 1,240 pence

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Berenberg raises Rio Tinto price target to 5,300 (5,200) pence - ’hold’

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Berenberg raises Glencore to ’buy’ (hold) - price target 480 (350) pence

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Berenberg raises Fresnillo price target to 3,400 (2,600) pence - ’buy’

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Berenberg raises Endeavour Mining price target to 4,600 (4,300) pence - ’buy’

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Berenberg raises Antofagasta price target to 3,300 (2,900) pence - ’buy’

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Berenberg raises Anglo American price target to 3,400 (3,100) pence - ’buy’

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UBS raises Phoenix Group to ’buy’ (neutral) - price target 770 (670) pence

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UBS cuts M&G to ’neutral’ (buy) - price target 290 (275) pence

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UBS cuts Legal & General price target to 260 (275) pence - ’neutral’

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Bernstein reinitiates Smith & Nephew with ’market-perform’ - price target 1355 P

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BofA raises Intercontinental Hotels price target to 11,700 (10,200) pence - ’buy’

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FTSE 250

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Barclays raises IntegraFin price target to 440 (430) pence - ’overweight’

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Deutsche Bank Research raises IG Group price target to 1,375 (1,300) pence - ’buy’

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RBC raises Serco price target to 290 (280) pence - ’outperform’

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Barclays cuts Grainger price target to 210 (225) pence - ’equal Weight’

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Bernstein raises ITV price target to 76 (74) pence - ’market-perform’

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Berenberg raises Hochschild Mining price target to 430 (400) pence - ’hold’

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Berenberg raises Atalaya Mining price target to 930 (760) pence - ’buy’

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Berenberg raises SSP price target to 230 (190) pence - ’buy’

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Jefferies cuts Hunting to ’hold’ (buy) - price target 400 pence

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SMALL CAP

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Berenberg cuts Victoria price target to 100 (170) pence - ’buy’

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Berenberg raises Yellow Cake price target to 704 (668) pence - ’buy’

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Berenberg raises Wheaton Precious Metals target to 11,200 (9,700) pence - ’buy’

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Berenberg raises Valterra Platinum price target to 4,600 (3,200) pence - ’sell’

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Berenberg raises Sylvania Platinum price target to 127 (109) pence - ’buy’

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Berenberg raises Resolute Mining price target to 74 (64) pence - ’buy’

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Berenberg raises Rainbow Rare Earths price target to 34 (33) pence - ’buy’

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Berenberg raises Pan African Resource price target to 125 (112) pence - ’buy’

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Berenberg cuts Kenmare Resources price target to 290 (300) pence - ’hold’

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Berenberg raises Griffin Mining price target to 250 (240) pence - ’buy’

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Berenberg raises Ecora Resources price target to 150 (120) pence - ’buy’

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Berenberg raises BHP price target to 2,000 (1,900) pence - ’sell’

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Berenberg cuts Andrada Mining price target to 8 (10) pence - ’buy’

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Berenberg reinitiates ACG Metals with ’buy’ - price target 2,100 pence

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