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Petra Diamonds: Nomura starts with its target price at 160p and a buy recommendation.

Mothercare: UBS moves target price from 250p to 270p, while its sell recommendation remains unaltered.

Meggitt: Barclays raises target price from 450p to 520p and upgrades to overweight.

Kingfisher: UBS shifts target price from 290p to 280p keeping a neutral rating.

Home Retail Group: Deutsche Bank ups target price from 120p to 145p, while the hold rating is reiterated. Nomura revises its target price from 85p to 93p and maintains a reduce rating. HSBC increases target price from 150p to 160p and downgrades to neutral. Societe Generale moves price target from 115p to 152p reiterating a hold recommendation. Numis downgrades to reduce with its target price at 125p.

Henderson Group: UBS takes target price from 115p to 158p staying with its buy recommendation.

Gem Diamonds: Nomura initiates with a target price of 135p and a reduce rating.

Experian: Morgan Stanley downgrades from overweight to equal-weight.

Enterprise Inns: Panmure Gordon increases target price from 87p to 123p maintaining a buy rating.

Bovis Homes: Panmure Gordon revises target price from 622p to 650p, while its buy rating is not changed. Northland Capital ups target price from 680p to 700p and retains a buy recommendation.

ASOS: Societe Generale takes price target from 2530p to 2850p, while its hold recommendation is maintained.

Associated British Food: Deutsche Bank raises target price from 1070p to 1500p and keeps a hold rating. Barclays revises target price from 1475p to 1700p maintaining an overweight rating.

Ashmore Group: UBS reduces target price from 390p to 375p and downgrades from buy to neutral.

Aggreko: HSBC lowers price target from 1750p to 1650 keeping an underweight rating.

Aerospace components engineer Meggitt was a high riser on the FTSE 100 on Friday morning after Barclays Capital upgraded its rating for the stock from 'equal weight' to 'overweight' and raised its target price from 450p to 520p. BarCap said that the shares' 20% valuation discount to peers "will close as investors in the aerospace cycle look away from the more expensive pure-play names with original equipment or aftermarket exposure, and seek sector laggards like Meggitt."

Credit Suisse has reiterated its 'outperform' rating and 4,000p target price for mining giant Rio Tinto, following yesterday's announcement of a CEO change and non-cash impairment charge 14bn dollars. "After the market digests this news we think the focus should remain on iron ore prices, project delivery and the larger macro picture, all which remains unchanged following [the] announcement especially given current head of iron ore (80% of earnings/65% NPV) takes over as CEO, share price pressure should be seen as buying opportunity."

With the possibility of three years of losses in Germany, we think the share rating is in danger of slipping from the current level, based on consensus estimates of 15 per cent EPS growth. Also, given the headwinds the group faces this year, forecasts may well be cut as the year develops. True, there may be some hype when Domino's announces 2012's results next month but, on a 12-month view

The group also faces a squeeze on profit margins. Usually, its margins widen because sales rise much faster than its costs. But slower growth reverses that effect. In addition, food-price inflation may be 2-3 per cent compared with about 1 per cent last year. The hope is that most cost increases can be passed on to franchisees; and that in Germany losses may ease as Domino's adds to its network of 18 stores. Certainly, Germany offers long-term potential and signs of like-for-like sales growth are encouraging. Fans of Domino's in the City hope that Germany can take up the baton as the UK falters. Broker N+1 Singer reckons that Germany could support over 2,000 outlets. We can see the logic, but the German operation is in its infancy and it will be some years before it is significant. Broker Canaccord forecasts Germany will be loss-making for the next three years.

This year, not only will Domino's be back to a 52-week reporting period, and lack the tailwind of big sporting events, but consumers may have a tougher year. According to Longview Economics, a consultant, 2012 saw real UK disposable incomes rise 1.5 per cent, which was the biggest improvement since 2005. But forecasts are for no growth this year. Meanwhile, stores in the Republic of Ireland are experiencing falling like-for-like sales, with little sign of respite. In addition, broker Canaccord Genuity thinks Domino's 775-store network in the UK and Ireland is so comprehensive that half of its new openings this year will infringe on areas already covered. In other words, there is a limit to how long Domino's can add outlets at the rate of about 60 a year before the signs of 'cannibalisation' are obvious

The growth story that has been the foundation of the group's success is built on three planks: sales growth from existing stores; new store openings; and operational gearing (whereby higher sales lead to much higher profits because most costs are fixed). Yet there are reasons to expect slower progress on all three fronts in the coming year and possibly beyond. In fact, the figures in the 'slowing growth rates' table indicate that such a scenario has taken hold. Like-for-like sales growth at Domino's has been powered by savvy marketing and online sales. Last year, 56 per cent of total sales were made over the internet and product innovations, such as a gluten-free pizza range, should help performance in 2013. However, there is only so much Domino's and its franchisees can expect to get from each store. In 2012, even with the help of an extra week's trading, wet weather and major sports events, which tend to keep people at home ordering pizzas, like-for-like sales only increased 5 per cent in the UK. (True, some eating-out companies would be thrilled with that, but we're talking about Domino's here.) And there was a small fall in like-for-likes in the Republic of Ireland.