LONDON BROKER RATINGS: Barclays downgrades Lloyds and Virgin Money

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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FTSE 100

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Morgan Stanley cuts Admiral target to 2,600 (2,900) pence - 'underweight'

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Morgan Stanley cuts Phoenix Group target to 710 (740) pence - 'overweight'

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Morgan Stanley cuts Prudential price target to 1,935 (1,964) pence - 'overweight'

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Deutsche Bank raises Glencore price target to 590 (580) pence - 'buy'

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Deutsche Bank raises Anglo American price target to 4,300 (4,100) pence - 'buy'

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Deutsche Bank raises Antofagasta price target to 1,500 (1,300) pence - 'hold'

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Deutsche Bank raises Rio Tinto price target to 6,100 (5,900) pence - 'hold'

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Bernstein cuts National Grid target to 1,100 (1,105) pence - 'market-perform'

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Bernstein raises SSE price target to 1,950 (1,850) pence - 'outperform'

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Berenberg raises Pearson price target to 742 (590) pence - 'hold'

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Berenberg cuts Vodafone to 'hold' (buy) - price target 145 (150) pence

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Barclays raises Smith & Nephew price target to 1,680 (1,670) pence - 'overweight'

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Barclays cuts Rightmove price target to 610 (630) pence - 'underweight'

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Barclays cuts NatWest price target to 320 (350) pence - 'overweight'

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Barclays raises Endeavour Mining target to 2,850 (2,450) pence - 'overweight'

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Barclays cuts Auto Trader target to 720 (725) pence - 'equal weight'

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Barclays cuts Lloyds to 'equal weight' (overweight) - price target 58 (64) pence

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JPMorgan reinitiates Burberry with 'neutral' - price target 1,900 pence

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Jefferies raises GlaxoSmithKline price target to 2,100 (1,925) pence - 'buy'

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FTSE 250

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Morgan Stanley cuts Lancashire target to 434 (514) pence - 'underweight'

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Morgan Stanley cuts Hiscox price target to 1,159 (1,177) pence - 'overweight'

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Morgan Stanley cuts Beazley price target to 500 (585) pence - 'equal-weight'

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Barclays cuts Virgin Money to 'equal weight' (overweight) - price target 225 (250) p

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Barclays cuts Moneysupermarket to 'equal weight' (overweight) - price target 220 (260) p

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JPMorgan starts Darktrace with 'underweight' - price target 400 pence

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SMALL CAP

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Berenberg raises Next Fifteen price target to 1,700 (1,600) pence - 'buy'

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Deutsche Bank raises South32 price target to 320 (300) pence - 'hold'

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Berenberg cuts Caretech to 'hold' (buy) - price target 750 (660) pence

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Berenberg raises PPHE Hotels price target to 2,000 (1,725) pence - 'buy'

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Barclays cuts THG price target to 150 (440) pence - 'overweight'

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