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LONDON BROKER RATINGS: Tate & Lyle cut; Morgan Stanley raises Burberry

ALN

The following London-listed shares received analyst recommendations Monday morning and on Friday:

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FTSE 100

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Jefferies cuts Babcock International price target to 1,400 (1,670) pence - ’buy’

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Barclays cuts Burberry price target to 1,410 (1,450) pence - ’overweight’

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Morgan Stanley raises Burberry to ’overweight’ - price target 1,350 pence

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RBC cuts 3i Group price target to 2,000 (2,250) pence - ’underperform’

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Jefferies cuts Unilever price target to 3,700 (4,300) pence - ’underperform’

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Citigroup cuts Convatec price target to 230 (250) pence - ’neutral’

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FTSE 250

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Jefferies raises Avon Technologies price target to 2,390 (2,330) pence - ’buy’

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Jefferies cuts Chemring price target to 655 (660) pence - ’buy’

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Jefferies cuts Qinetiq price target to 470 (575) pence - ’hold’

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Goldman Sachs cuts Derwent London price target to 2,340 (2,410) pence - ’buy’

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Kepler Cheuvreux cuts Tate & Lyle to ’hold’ - price target 547 pence

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SMALL CAP

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Jefferies starts Cohort with ’hold’ - price target 1,290 pence

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