LONDON BROKER RATINGS: JPMorgan downgrades Admiral and Direct Line

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

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FTSE 100

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JPMorgan cuts Admiral Group to 'underweight' (neutral) - price target 1,750 (3,000) p

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Deutsche Bank cuts Admiral Group target to 2,560 (2,630) pence - 'hold'

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JPMorgan places British American Tobacco on 'positive catalyst watch'; raises price target to 4,500 (4,000) p - 'overweight'

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JPMorgan cuts IAG price target to 1.25 (1.95) EUR - 'neutral'

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JPMorgan raises Shell price target to 3,000 (2,850) pence - 'overweight'

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JPMorgan places BP on 'negative catalyst watch' into results; raises price target to 530 (500) pence - 'overweight'

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JPMorgan raises BAE Systems price target to 870 (850) pence - 'neutral'

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Barclays cuts Entain price target to 1,950 (2,100) pence - 'overweight'

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Barclays cuts Hargreaves Lansdown target to 1,175 (1,430) pence - 'overweight'

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Morgan Stanley raises Prudential price target to 1,687 (1,605) pence - 'overweight'

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Credit Suisse raises GSK price target to 1,600 (1,400) pence - 'underperform'

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UBS cuts Ocado price target to 950 (2,100) pence - 'neutral'

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FTSE 250

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JPMorgan cuts Direct Line to 'neutral' (overweight) - price target 240 (315) pence

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Berenberg raises Direct Line to 'buy' (hold) - price target 277 pence

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Deutsche Bank cuts Direct Line target to 290 (300) pence - 'hold'

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JPMorgan cuts easyJet to 'underweight' (neutral) - price target 310 (625) pence

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Barclays cuts Chemring Group to 'underweight' (equal weight) - price target 336 (360) p

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HSBC cuts Wizz Air to 'reduce' (hold)

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JPMorgan cuts Wizz Air price target to 4,000 (4,500) pence - 'overweight'

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Peel Hunt cuts Ultra Electronics to 'hold'

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JPMorgan cuts Ashmore Group price target to 190 (204) pence - 'underweight'

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Barclays cuts AJ Bell price target to 280 (320) pence - 'underweight'

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Barclays cuts IntegraFin price target to 380 (470) pence - 'overweight'

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Barclays cuts Network International price target to 290 (355) pence - 'overweight'

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Barclays cuts Quilter price target to 100 (120) pence - 'underweight'

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HSBC cuts SSP Group price target to 350 (365) pence - 'buy'

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Morgan Stanley cuts JD Wetherspoon target to 790 (980) pence - 'equal-weight'

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Credit Suisse raises Beazley price target to 540 (480) pence - 'neutral'

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SMALL CAP

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Barclays raises Senior to 'overweight' (underweight) - price target 183 (137) pence

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Barclays cuts EnQuest energy price target to 21 (23) pence - 'underweight'

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Berenberg raises Kenmare Resources price target to 790 (750) pence - 'buy'

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Berenberg cuts Pan African resources price target to 30 (31) pence - 'buy'

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Berenberg cuts Atalaya Mining price target to 400 (430) pence - 'buy'

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Berenberg cuts Sabre Insurance price target to 123 (229) pence - 'hold'

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Liberum cuts Fevertree Drinks price target to 1,100 (2,300) pence - 'buy'

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