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In other adjustments, Goldman Sachs also increased the price target for Rentokil Initial to 710 pence from 690 pence, maintaining a ‘Neutral’ stance.
Barclays adjusted the price targets for M&G and Compass Group (LON:CPG) to 200 pence (from 190) and 2,350 pence (from 2,300), respectively. The former was rated ‘Underweight’ while the latter was given an ‘Overweight’ rating.
JPMorgan enhanced Marks & Spencer (OTC:MAKSY)’s price target to 170 pence from 150 pence, maintaining an ‘Underweight’ position. However, Bank of America lowered Diageo (LON:DGE)’s price target to 3,600 pence from 3,800 pence, still keeping a ‘Buy’ rating. UBS also reduced Melrose Industries’ price target to 620 pence from 665 pence but maintained a ‘Buy’ rating.
Among the FTSE 250 companies, UBS cut SSP Group’s price target to 325 pence from 345 pence but kept its ‘Buy’ rating. The same firm also raised Man Group’s price target to 295 pence from 280 pence with a ‘Buy’ rating. UBS further lowered Jupiter Fund’s price target to 90 pence from 109 pence with a ‘Sell’ rating.
Goldman Sachs reduced Ceres Power’s price target to 510 pence from 540 pence but held onto its ‘Buy’ rating. RBC cut Close Brothers’ price target to 1,100 pence from 1,150 pence, while maintaining an ‘Outperform’ rating.
JPMorgan increased Mitchells & Butlers’ price target to 217 pence from 213 pence (GBP1 = USD1.2224), rating it ‘Neutral’. Jefferies raised TI Fluids’ price target to 175 pence from 170 pence, keeping a ‘Buy’ rating.
Bank of America lowered Wizz Air’s price target to 3,500 pence from 4,300 pence but maintained a ‘Buy’ rating. Among the small cap companies,
Barclays reduced the price targets for Kerry, Bank of Ireland, and AIB to €110 (from €115), €13.50 from €14.20) and €5.80 (from €6.10) respectively. The first two were rated ‘Overweight’, while AIB was given an ‘Equal weight’ rating.
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