LONDON BROKER RATINGS: Berenberg raises Babcock but cuts Chemring, BAE

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

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FTSE 100

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Citigroup cuts Glencore price target to 450 (460) pence - 'buy'

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Goldman Sachs raises Schroders price target to 345 (310) pence - 'sell'

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UBS raises Admiral price target to 3,700 (3,400) pence - 'buy'

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RBC raises Admiral price target to 3,800 (3,550) pence - 'outperform'

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Berenberg cuts BAE Systems to 'hold' (buy) - price target 1,700 (1,440) pence

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Barclays raises Melrose Industries target to 730 (650) pence - 'overweight'

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Barclays cuts BT to 'underweight' (equal weight) - price target 150 (190) pence

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RBC raises IAG price target to 440 (350) pence - 'outperform'

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DZ Bank raises Reckitt price target to 5,950 (5,800) pence - 'buy'

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Jefferies cuts InterContinental Hotels target to 9,300 (9,500) pence - 'hold'

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FTSE 250

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Citigroup raises Pennon to 'buy' (neutral) - price target 497 pence

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Berenberg raises Quilter price target to 160 (145) pence - 'hold'

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Barclays raises Quilter price target to 145 (135) pence - 'underweight'

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Barclays raises aberdeen price target to 165 (135) pence - 'underweight'

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Goldman Sachs cuts Lancashire price target to 725 (780) pence - 'buy'

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JPMorgan cuts Spire Healthcare price target to 309 (321) pence - 'overweight'

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Barclays cuts Spire Healthcare price target to 270 (290) pence - 'overweight'

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Barclays cuts Travis Perkins price target to 870 (950) pence - 'overweight'

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Berenberg raises Qinetiq price target to 610 (500) pence - 'buy'

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Berenberg cuts Chemring to 'hold' (buy) - price target 470 (460) pence

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Berenberg raises Babcock to 'buy' (hold) - price target 885 (575) pence

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RBC cuts Ocado price target to 230 (280) pence - 'underperform'

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SMALL CAP AND OTHER MAIN MARKET

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RBC raises Alliance Pharma target to 64.75 (62.50) pence - 'sector perform'

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RBC cuts SIG price target to 16 (22) pence - 'sector perform'

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Goldman Sachs cuts Flutter price target to 25,200 (25,750) pence - 'buy'

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