LONDON BROKER RATINGS: JPMorgan, Barclays cut price targets for Greggs

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

----------

FTSE 100

----------

LBBW raises Rio Tinto price target to 7,300 (5,800) pence - 'hold'

----------

Barclays cuts Fresnillo price target to 3,000 (3,200) pence - 'equal weight'

----------

Deutsche Bank Research raises BT price target to 150 (140) pence - 'sell'

----------

Citigroup raises InterContinental Hotels target to 11,500 (10,650) pence - 'sell'

----------

Goldman Sachs raises Smith & Nephew price target to 1,700 (1,650) pence - 'buy'

----------

Goldman Sachs raises marks & spencer price target to 480 (470) pence - 'buy'

----------

Goldman Sachs raises J Sainsbury price target to 390 (370) pence - 'buy'

----------

Goldman Sachs raises Tesco price target to 540 (495) pence - 'buy'

----------

Citigroup cuts Mondi price target to 1,030 (1,250) pence - 'buy'

----------

Citigroup raises St James’s Place price target to 1,870 (1,790) pence - 'buy'

----------

Citigroup cuts Barclays price target to 450 (495) pence - 'neutral'

----------

JPMorgan raises Segro price target to 915 (885) pence - 'overweight'

----------

Jefferies raises Shell price target to 3,500 (3,400) pence - 'buy'

----------

Berenberg raises Rolls-Royce price target to 1,250 (1,080) pence - 'hold'

----------

Goldman Sachs raises BAE Systems price target to 2,400 (2,270) pence - 'buy'

----------

FTSE 250

----------

Berenberg raises Galliford Try price target to 650 (620) pence - 'buy'

----------

Goldman Sachs cuts Unite price target to 680 (880) pence - 'buy'

----------

RBC cuts Metro Bank price target to 165 (175) pence - 'outperform'

----------

Deutsche Bank Research raises Inchcape price target to 830 (800) pence - 'hold'

----------

Goldman Sachs cuts Aberdeen price target to 245 (260) pence - 'buy'

----------

JPMorgan cuts Greggs price target to 2,050 (2,060) pence - 'overweight'

----------

Barclays cuts Greggs price target to 1,910 (2,040) pence - 'overweight'

----------

SMALL CAP

----------

JPMorgan cuts Wise price target to 1,225 (1,385) pence - 'overweight'

----------

Deutsche Bank Research raises XP Power price target to 1,400 (975) pence - 'hold'

----------

Deutsche Bank Research cuts Reach price target to 175 (182) pence - 'buy'

----------

Deutsche Bank Research cuts Wilmington target to 420 (465) pence - 'buy'

----------

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Rio Tinto

Fresnillo

BT

InterContinental Hotels

Smith & Nephew

Marks & Spencer

Sainsbury's

Tesco

Mondi

St James's Place

Barclays

Segro

Shell

Rolls-Royce

BAE Systems

Galliford Try

Unite

Metro Bank

Inchcape

Abrdn

Greggs

Wise Group

Reach Plc

Xp Power

Wilmington