LONDON BROKER RATINGS: Trio of downgrades for Fevertree; Admiral cut

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

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FTSE 100

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UBS cuts Rio Tinto price target to 4,400 (4,550) pence - 'neutral'

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Berenberg cuts Rio Tinto price target to 4,100 (4,200) pence - 'sell'

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JPMorgan cuts Rio Tinto price target to 5,300 (5,420) pence - 'neutral'

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Credit Suisse cuts Rio Tinto price target to 5,800 (6,000) pence - 'outperform'

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Deutsche Bank cuts Antofagasta target to 1,250 (1,320) pence - 'hold'

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Jefferies cuts Admiral to 'underperform' (hold) - price target 1,525 (2,300) pence

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Jefferies raises Persimmon price target to 2,499 (2,497) pence - 'buy'

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Jefferies cuts Barratt Developments price target to 531 (535) pence - 'hold'

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JPMorgan cuts St James's Place price target to 1,370 (1,600) pence - 'neutral'

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Barclays cuts Experian price target to 3,250 (3,300) pence - 'overweight'

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Citigroup raises Experian price target to 2,728 (2,665) pence - 'neutral'

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RBC raises Experian price target to 3000 (2850) pence - 'sector perform'

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RBC cuts Schroders price target to 2,700 (3,200) pence - 'sector perform'

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RBC cuts abrdn price target to 145 (185) pence - 'underperform'

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Goldman Sachs cuts London Stock Exchange price target to 9,620 (9,700) pence - 'buy'

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Bank of America cuts Croda International price target to 8,000 (8,250) pence - 'buy'

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Barclays cuts Hikma price target to 2,250 (2,500) pence - 'overweight'

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Goldman Sachs cuts Reckitt price target to 6,600 (6,700) pence - 'neutral'

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UBS cuts Burberry price target to 1,736 (1,848) pence - 'neutral'

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Goldman Sachs raises Burberry price target to 2,400 (2,315) pence - 'buy'

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FTSE 250

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Bank of America cuts Direct Line to 'underperform' (neutral) - price target 210 (270) pence

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Jefferies cuts Direct Line to 'hold' (buy) - price target 215 (330) pence

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Barclays cuts Ashmore Group price target to 290 (300) pence - 'overweight'

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Bank of America cuts Synthomer price target to 300 (425) pence - 'neutral'

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Morgan Stanley cuts Synthomer price target to 300 (335) pence - 'equal-weight'

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Jefferies cuts Elementis price target to 140 (160) pence - 'buy'

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Bank of America cuts Elementis price target to 115 (130) pence - 'underperform'

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Bank of America starts Kainos Group with 'neutral' - price target 1,250 pence

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Bank of America cuts Victrex price target to 1,900 (2,000) pence - 'underperform'

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Deutsche Bank cuts Travis Perkins target to 1,275 (1,525) pence - 'buy'

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Barclays cuts John Wood price target to 320 (340) pence - 'overweight'

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Jefferies raises Redrow price target to 780 (738) pence - 'buy'

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Citigroup cuts Aston Martin price target to 430 (1,000) pence - 'neutral'

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OTHER MAIN MARKET AND AIM

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Goldman Sachs cuts Fevertree price target to 1,150 (1,700) pence - 'neutral'

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Deutsche Bank cuts Fevertree to 'hold' (buy) - price target 900 (3,060) pence

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Bank of America cuts Fevertree price target to 950 (1,900) pence - 'neutral'

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Berenberg cuts Fevertree price target to 1,100 (2,000) pence - 'buy'

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Jefferies cuts Fevertree to 'hold' (buy) - price target 900 (3,100) pence

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Peel Hunt cuts Fevertree to 'reduce' ('hold') - target 800 (1,600) pence

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Goldman Sachs cuts Kerry Group price target to 93 (102) EUR - 'sell'

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Jefferies cuts Sabre Insurance price target to 120 (230) pence - 'hold'

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