LONDON BROKER RATINGS: RBC cuts Severn Trent, likes National Grid

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

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FTSE 100

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Davy raises AB Foods price target to 2,120 pence - 'outperform'

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JPMorgan raises Ashtead Group price target to 6,000 (5,500) pence - 'overweight'

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RBC cuts Severn Trent to 'sector perform' (outperform) - price target 3,000 (2,900) pence

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RBC raises United Utilities price target to 1,100 (1,025) pence - 'sector perform'

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RBC reinitiates National Grid with 'outperform' - price target 1,250 pence

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Jefferies raises NatWest price target to 401 (377) pence - 'buy'

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Jefferies raises Lloyds Banking price target to 77 (75) pence - 'buy'

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Jefferies raises Lloyds Banking price target to 77 (75) pence - 'buy'

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Jefferies cuts Barclays price target to 317 (318) pence - 'buy'

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Jefferies cuts Unilever price target to 4,650 (4,850) pence - 'buy'

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JPMorgan cuts British American Tobacco price target to 3,600 (4,000) pence

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FTSE 250

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Berenberg raises Lancashire Holdings price target to 770 (645) pence - 'buy'

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Jefferies raises Lancashire price target to 785 (750) pence - 'buy'

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Barclays raises Tate & Lyle price target to 970 (890) pence - 'overweight'

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Barclays cuts Network International to 'equal weight' (overweight) - price target 300 (405) pence

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Jefferies cuts Ibstock price target to 164 (166) pence - 'hold'

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SMALL CAP

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Goldman Sachs raises Kingspan group price target to 76 (74) EUR - 'buy'

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