LONDON BROKER RATINGS: RBC cuts National Grid; Citigroup cuts South32

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

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FTSE 100

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Goldman Sachs raises AstraZeneca price target to 14,524 (14,482) pence - 'buy'

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Berenberg cuts InterContinental Hotels target to 9,200 (9,700) pence - 'hold'

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BofA raises Relx price target to 4,900 (4,800) pence - 'buy'

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Goldman Sachs raises Hiscox price target to 1,282 (1,180) pence - 'neutral'

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RBC raises Severn Trent price target to 2,850 (2,750) pence - 'sector perform'

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RBC cuts National Grid to 'sector perform' (outperform)

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UBS raises easyJet price target to 775 (770) pence - 'buy'

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FTSE 250

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BofA cuts Tate & Lyle price target to 760 (790) pence - 'buy'

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Jefferies raises Pets At Home price target to 340 (325) pence - 'buy'

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UBS raises Investec price target to 710 (670) pence - 'buy'

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RBC cuts Close Brothers price target to 385 (400) pence - 'outperform'

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JPMorgan cuts Petershill Partners price target to 298 (310) pence - 'overweight'

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Jefferies raises Chemring Group price target to 530 (500) pence - 'buy'

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Berenberg raises Serco Group price target to 220 (200) pence - 'buy'

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Jefferies raises Elementis price target to 180 (175) pence - 'buy'

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SMALL CAP

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Citigroup cuts South32 to 'neutral' (buy) - price target 160 (185) pence

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Berenberg cuts Angle price target to 30 (40) pence - 'buy'

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