LONDON BROKER RATINGS: LBBW raises Shell; DZ Bank cuts Vodafone

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

----------

FTSE 100

----------

LBBW raises Shell to 'buy' (hold) - price target 3,450 (2,900) pence

----------

DZ Bank cuts Vodafone to 'hold' (buy) - fair value 120 (130) pence

----------

RBC raises HSBC price target to 1,275 (1,200) pence - 'sector perform'

----------

Bernstein cuts BAE Systems price target to 2,050 (2,200) pence - 'market-perform'

----------

Goldman Sachs cuts Weir Group price target to 2,840 (3,050) pence - 'neutral'

----------

Citigroup raises British American Tobacco price target to 5,200 (4,900) pence - 'buy'

----------

FTSE 250

----------

Deutsche Bank Research cuts Victrex price target to 600 (780) pence - 'hold'

----------

Stifel cuts Vistry to 'hold' (buy) - price target 340 (580) pence

----------

Deutsche Bank Research cuts Vistry price target to 370 (600) pence - 'hold'

----------

Berenberg cuts Vistry price target to 340 (500) pence - 'hold'

----------

Barclays raises Watches Of Switzerland target to 725 (645) pence - 'overweight'

----------

Cavendish cuts TP ICAP to 'hold' from 'buy' - price target 323 pence

----------

Peel Hunt cuts Workspace to 'hold' from 'buy' - price target 350 (500) pence

----------

RBC raises IntegraFin price target to 450 (440) pence - 'outperform'

----------

Jefferies raises Balfour Beatty price target to 985 (900) pence - 'buy'

----------

SMALL CAP

----------

Cavendish starts Cambridge Cognition at 'buy' - price target 72 pence

----------

JPMorgan cuts Flutter Entertainment price target to 11,500 (12,700) pence - 'overweight'

----------

Shore Capital starts Cohort with 'buy' - price target 1,350 pence

----------

Investec cuts Volex to 'hold' (buy) - price target 670 (485) pence

----------

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Shell

Vodafone

HSBC Holdings

BAE Systems

Weir Group

British American Tobacco

Victrex

Vistry Grp

Watches Switz

TP ICAP

Workspace

IntegraFin Holdings

Balfour Beatty

Cambridge Cog

Flutter Entertainment

Cohort

Volex