London -listed stock upgrades/downgrades and price target changes…
Upgrades/Downgrades:
Analysts at Bryan Garnier downgraded AstraZeneca to Buy from Conviction Buy, setting a 10,500p price target.
Stifel analyst Bridie Barrett downgraded Auto Trader Group shares to Hold from Buy, setting a price target of 775p, up from 700p.
Panmure Gordon analyst Kieron Hodgson downgraded Hochschild Mining to Hold from Buy, setting a 249p price target.
BMO Capital analyst Ryan Thompson downgraded Hochschild Mining to Market Perform from Outperform, setting a 165p price target. The downgrade emerged after the Presidency of the Council of Ministers of Peru “cast a cloud of uncertainty” over the Pallancata and Inmaculada mines. The analyst told investors that the two mines account for 74% of his net asset value estimate, and the analyst sees the potential for shares to weaken.
Price Target Changes:
RBC Capital analyst Benjamin Toms reduced the price target on Close Brothers to 1,600p from 1,700p, maintaining a Sector Perform rating on the shares.
UBS analyst Jason Napier reduced the price target on Close Brothers to 1,485p from 1,620p, maintaining a Neutral rating on the shares.
UBS analyst Guillermo Peigneux Lojo increased the price target on Spirax-Sarco to 16,100p from 16,000p, maintaining a Neutral rating on the shares.
UBS analyst Michael Briest increased the price target on Sage Group to 790p from 730p, maintaining a Neutral rating on the shares.
NGG UBS analyst Sam Arie increased the price target on National Grid to 1,080p from 1,050p, maintaining a Buy rating on the shares.
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