Credit Suisse has reduced its target price for British Airways and Iberia owner International Consolidated Airlines Group, otherwise known as IAG, saying that consensus forecasts for 2013 look 'very vulnerable'.

"We reduce our target price from 160p to 140p as valuation support dissipates for the stock, and remain 'neutral', however we expect the stock to remain weak in the short term as the market more fully factors in recent jet fuel price appreciation."

Utilities giant SSE is enjoying 'better growth at lower risks', according to UBS which upgraded its recommendation for the stock from 'neutral' to 'buy' on Friday morning.

"Thanks to a well balanced asset mix and its UK location, SSE is well positioned to benefit from the UK's renewable generation growth," the broker said.

The broker has raised its target price for the stock from 1,340p to 1,515p, saying that its strong 6.4% dividend yield should help to "put a floor under the company's share price".

Nomura reduced its target prices for a group of iron ore producing stocks on Friday on the back of falling prices but has highlighted BHP Billiton as its sector preference.

While all diversified miners are exposed to bulk commodities, Nomura reckons that BHP will likely outperform its peers in the current market due to its "more diversified/defensive portfolio".

As for the others, the broker said that: Rio Tinto may be the lowest cost iron ore producer but near-term earnings are leveraged and "not without risk"; higher costs/leverage assets leave Anglo American and ENRC as the least preferred stocks.

BC

Related share prices
BHP Billiton (BLT) share price
SSE (SSE) share price
International Consolidated Airlines Group SA (CDI) (IAG) share price