UK BROKER RATINGS: Exane BNP Raises Tesco To Outperform From Neutral

LONDON (Alliance News) - The following UK shares received analyst recommendations Wednesday morning and Tuesday afternoon:
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FTSE 100
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UBS Cuts Smith & Nephew To Neutral From Buy, Price Target Raised To 1,175p From 1,100p.
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MERRILL RAISES SEVERN TRENT TO 'BUY' ('NEUTRAL') - TARGET 2235 (2020) PENCE
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MERRILL RAISES UNITED UTILITIES TO 'NEUTRAL' ('UP') - TARGET 945 (820) PENCE
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UBS CUTS STANDARD CHARTERED TO 'NEUTRAL' ('BUY') - PRICE TARGET 980 (1120) PENCE
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GOLDMAN RAISES PEARSON TO 'NEUTRAL' ('SELL') - TARGET 1300 (1130) PENCE
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GOLDMAN RAISES REED ELSEVIER PRICE TARGET TO 1210 (1080) PENCE - 'NEUTRAL'
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GOLDMAN RAISES WPP PRICE TARGET TO 1717 (1502) PENCE - 'CONVICTION BUY LIST'
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GOLDMAN RAISES ITV PRICE TARGET TO 253 (251) PENCE - 'BUY'
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CREDIT SUISSE CUTS NATIONAL GRID TO 'UNDERPERFORM' ('NEUTRAL')
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CREDIT SUISSE CUTS NATIONAL GRID PRICE TARGET TO 780 (870) PENCE
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EXANE BNP RAISES TESCO TO 'OUTPERFORM' ('NEUTRAL') - TARGET 250 (180) PENCE
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CITIGROUP RAISES DIAGEO PRICE TARGET TO 2150 (2050) PENCE - 'BUY'
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SOCGEN RAISES DIAGEO PRICE TARGET TO 1750 (1700) PENCE - 'SELL'

CITIGROUP RAISES ADMIRAL GROUP PRICE TARGET TO 1268 (1256) PENCE - 'NEUTRAL'
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JEFFERIES RAISES BARCLAYS PRICE TARGET TO 340 (331) PENCE - 'BUY'
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SOCGEN CUTS SABMILLER PRICE TARGET TO 3470 (3600) PENCE - 'HOLD'
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JPMORGAN RAISES BRITISH LAND PRICE TARGET TO 950 (850) PENCE - 'OVERWEIGHT'
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Deutsche Bank Cuts Glencore Price Target To 333P, Keeps At Hold
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CITIGROUP CUTS ANGLO AMERICAN PRICE TARGET TO 1,350 (1,400) PENCE - 'NEUTRAL'
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JPMORGAN RAISES HAMMERSON PRICE TARGET TO 740 (655) PENCE - 'OVERWEIGHT'
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JPMORGAN RAISES INTU PROPERTIES TO 'NEUTRAL' ('UNDERWEIGHT') - TARGET 380 (340) PENCE
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JPMORGAN RAISES LAND SECURITIES PRICE TARGET TO 1425 (1350) PENCE - 'OVERWEIGHT'
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CITIGROUP CUTS BHP BILLITON PRICE TARGET TO 1900 (2050) PENCE - 'BUY'
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FTSE 250
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SOCGEN CUTS DEBENHAMS PRICE TARGET TO 67 (68) PENCE - 'HOLD'
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MERRILL CUTS DRAX GROUP TO 'UNDERPERFORM' ('BUY') - TARGET 330 (640) PENCE
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EXANE BNP CUTS DRAX GROUP PRICE TARGET TO 550 (900) PENCE - 'OUTPERFORM'
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BERENBERG CUTS ASHMORE GROUP PRICE TARGET TO 310 (325) PENCE - 'HOLD'
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GOLDMAN CUTS ASHMORE GROUP PRICE TARGET TO 305 (320) PENCE - 'NEUTRAL'
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Liberum Cuts Ashmore Price Target To 259P From 298P, Keeps At Hold
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NUMIS RAISES ASHMORE GROUP TO 'BUY' ('ADD') - TARGET 320 (335) PENCE
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SOCGEN CUTS ASHMORE GROUP PRICE TARGET TO 345 (360) PENCE - 'BUY'
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UBS RAISES GREGGS PRICE TARGET TO 820 (720) PENCE - 'BUY'
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GOLDMAN CUTS INFORMA PRICE TARGET TO 520 (550) PENCE - 'NEUTRAL'
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GOLDMAN INITIATES UBM WITH 'NEUTRAL' - TARGET 520 PENCE
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CITIGROUP CUTS ESURE GROUP PRICE TARGET TO 259 (294) PENCE - 'BUY'
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SOCGEN RAISES AG BARR TO 'HOLD' ('SELL') - TARGET 630 (570) PENCE
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SOCGEN CUTS BRITVIC PRICE TARGET TO 770 (780) PENCE - 'BUY'
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JPMORGAN CUTS THOMAS COOK PRICE TARGET TO 165 (190) PENCE - 'OVERWEIGHT'
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Deutsche Bank Cuts Debenhams Price Target To 77P, Keeps At Hold
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Shore Capital Downgrades Provident Financial To Hold From Buy
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PANMURE RAISES DECHRA PHARMACEUTICALS PRICE TARGET TO 950 (850) PENCE - 'BUY'
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Investec Lifts Dechra Pharmaceuticals Price Target To 960P, Keeps Buy
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JPMORGAN RAISES BIG YELLOW GROUP PRICE TARGET TO 715 (570) PENCE - 'OVERWEIGHT'
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JPMORGAN RAISES CAPITAL & COUNTIES PRICE TARGET TO 420 (365) PENCE - 'NEUTRAL'
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JPMORGAN RAISES DERWENT LONDON PRICE TARGET TO 3550 (3060) PENCE - 'OVERWEIGHT'
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Deutsche Bank Cuts Vedanta Resources Price Target To 945P, Keeps Buy
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CITIGROUP CUTS VEDANTA PRICE TARGET TO 550 (880) PENCE - 'NEUTRAL'
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CITIGROUP CUTS VEDANTA PRICE TARGET TO 550 (880) PENCE - 'NEUTRAL'
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JPMORGAN CUTS SEGRO PLC TO 'NEUTRAL' ('OVERWEIGHT') - TARGET 420 (390) PENCE
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JPMORGAN RAISES SHAFTESBURY PRICE TARGET TO 890 (740) PENCE - 'NEUTRAL'
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JPMORGAN RAISES ST MODWEN PRICE TARGET TO 480 (425) PENCE - 'OVERWEIGHT'
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JPMORGAN CUTS UNITE GROUP TO 'NEUTRAL' ('OVERWEIGHT') - TARGET 540 (495) PENCE
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JPMORGAN RAISES WORKSPACE GROUP PRICE TARGET TO 910 (800) PENCE - 'OVERWEIGHT'
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Liberum Cuts GAME Digital To Hold From Buy, Price Target Cut To 290P
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JPMORGAN RAISES LONDONMETRIC PRICE TARGET TO 180 (160) PENCE - 'OVERWEIGHT'
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JPMORGAN CUTS REDEFINE INTL. TO 'UNDERWEIGHT' (NEUTRAL) - TARGET 53 (50) PENCE
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Investec Ups SuperGroup Price Target To 1,030P From 1,000P, Keeps Buy
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Numis Raises Cineworld Price Target To 440P From 420P, Keeps At Hold
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MAIN MARKET AND AIM
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GOLDMAN CUTS DAILY MAIL TO 'BUY' ('CONVICTION BUY LIST') - TARGET 935 (951) PENCE
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EXANE BNP CUTS DEVRO TO 'NEUTRAL' ('OUTPERFORM') - TARGET 290 (300) PENCE
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Liberum Puts Fenner Price Target Under Review, Keeps At Hold
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PANMURE CUTS KROMEK GROUP PRICE TARGET TO 52 (60) PENCE - 'BUY'
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Cantor Fitzgerald Starts Gama Aviation At Buy, 400P Price Target
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JPMORGAN RAISES DEVELOPMENT SEC. PRICE TARGET TO 300 (280) PENCE - 'NEUTRAL'
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CITIGROUP CUTS FERREXPO PRICE TARGET TO 49 (60) PENCE - 'SELL'
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JPMORGAN RAISES HELICAL BAR PRICE TARGET TO 440 (400) PENCE - 'OVERWEIGHT'
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Cantor Fitzgerald Raises Victoria Price Target To 650P, Keeps At Buy
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Barclays Cuts Boohoo.com To Equal Weight, Price Target Cut To 25P
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NUMIS CUTS SHOE ZONE TO 'ADD' ('BUY') - TARGET 275 (250) PENCE
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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