Barclays Share News (BARC)

After assessing the 'large uncertain risk' of the LIBOR scandal, Nomura has cut its rating for under-pressure UK banking group Barclays from 'neutral' to 'reduce' and reduced its target price from 268p to 210p.The broker sees material uncertainties at Barclays arising from: the shape and direction of the group under new management given that both the Chief Executive Officer (Bob Diamond) and Chief Operating Officer (Jerry del Missier) have left and the Chairman (Marcus Agius) is to leave in the future; potential losses linked to LIBOR; weak capital market revenue; concerns about the dividend; weak profitability at Barclays Capital.Credit Suisse expects a slowdown in organic sales growth in the European luxury goods sector but says it favours British firm Burberry for its brand momentum and self-help growth potential, reiterating its 'outperform' rating and 1,650p target price on the stock.The broker said that "Burberry looks better equipped than ever to navigate through an uncertain environment with more retail and more balanced geographic mix, it has fewer legacy issues to deal with than in the past and should soon reap the full benefits of the gradual implementation of SAP."Peel Hunt has reiterated its 'sell' recommendation for Taylor Wimpey saying that while Wednesday's trading statement was broadly in line, the house builder appears more cautious than its peers."While the statement points to improving metrics for H1 the tone of the statement is a little less upbeat than we have seen here earlier in the year and elsewhere in the sector," said analyst Robin Hardy."We are reviewing our target price [currently 27p] for TW as we change our valuation methodology but even a higher target price is unlikely to change our stance and we remain negative."BC