UK BROKER RATINGS SUMMARY: Exane BNP Cuts Severn Trent, Raises ITV

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

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FTSE 100

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EXANE BNP CUTS SEVERN TRENT TO 'UNDERPERFORM' ('NEUTRAL') - TARGET 1850 (2000)P

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EXANE BNP RAISES ITV TO 'OUTPERFORM' ('NEUTRAL') - TARGET 165 (120) PENCE

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COMMERZBANK CUTS TUI TO 'HOLD' (BUY) - PRICE TARGET 13 (14) EUR

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MORGAN STANLEY CUTS PEARSON PRICE TARGET TO 655 (675) PENCE - 'EQUAL-WEIGHT'

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LIBERUM CUTS BERKELEY GROUP TO 'SELL' ('HOLD')

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RBC INITIATES M&G WITH 'SECTOR PERFORM' - TARGET 240 PENCE

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HSBC CUTS GLENCORE PRICE TARGET TO 280 (285) PENCE - 'BUY'

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GOLDMAN RAISES GLENCORE PRICE TARGET TO 250 (242) PENCE - 'NEUTRAL'

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ODDO BHF RAISES FERGUSON PRICE TARGET TO 6200 (6000) PENCE - 'NEUTRAL'

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FTSE 250

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PEEL HUNT RAISES DUNELM GROUP TO 'BUY' ('ADD') - TARGET 1000 PENCE

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EXANE BNP CUTS PENNON GROUP TO 'UNDERPERFORM' ('OUTP.') - TARGET 750 (800) P

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LIBERUM CUTS STAGECOACH TO 'HOLD' ('BUY')

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JPMORGAN CUTS ULTRA ELECTRONICS PRICE TARGET TO 2200 (2300) PENCE - 'NEUTRAL'

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JPMORGAN INITIATES TP ICAP WITH 'OVERWEIGHT' - TARGET 450 PENCE

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RBC CUTS TULLOW OIL TO 'SECTOR PERFORM' ('OUTPERFORM') - TARGET 175 (260) P

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OTHER MAIN MARKET AND AIM

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RBC RAISES ENQUEST ENERGY TO 'SECTOR PERFORM' ('UNDERPERFORM') - TARGET 24(20)P

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LIBERUM CUTS JOULES PRICE TARGET TO 400 (420) PENCE - 'BUY'

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BERENBERG RAISES STOCK SPIRITS PRICE TARGET TO 287 (269) PENCE - 'BUY'

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