UBS has downgraded its ratings for both Marks & Spencer and ASOS from 'buy' to 'neutral', highlighting higher levels of promotional spend across the industry as of late."The clothing retailers look to have pressed the panic button this year as subdued real disposable income, weak footfall and warmer October weather have held back full-price sales," the bank said. UBS said its preferred exposure is in the electricals/hardlines markets with Home Retail and Dixons (both rated 'buy') likely to have both benefitted from sales of tablets, televisions and small domestic appliances over the Christmas period.Daniel Stewart & Co has cut its target price for bwin.party Digital Entertainment but reinstated its 'buy' stance, saying that the online gambling firm is positioned for growth after a tough year. The broker, which has had the stock under review for some time, reduced its target from 173p to 146p. Nevertheless, it said that the firm has "come through the worst of it" and that 2014 should lay the foundations for a return to growth, helped by new product launches and growth from exposure to the newly regulated online market in New Jersey (NJ).Westhouse Securities has maintained its 'add' rating and 209p target price for price-comparison website Moneysupermarket.com (MONY) after the Competition Commission's (CC's) report into the private motor insurance market. The CC said it is considering prohibiting 'most favoured nation' (MFN) clauses which make sure that individual insurers' premiums are not offered more cheaply elsewhere, something which it says reduces competition."We believe this is good news for MONY, which is the only independent amongst major UK PC players and does not have MFN clauses in its contracts with motor insurers," said analyst Roddy Davidson.BC