African Minerals: Canaccord Genuity lowers target price from 20p to 15p with a hold recommendation.
African Minerals: Canaccord Genuity reduces target price from 150p to 20p downgrading to hold.
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged.
Buy shares of GlaxoSmithKline, Questor said in the Sunday Telegraph. China's £297m fine against GSK for corruption is manageable and has lifted the cloud that hung over the company. The shares have underperformed the wider market and are trading on 15.3 times forecast earnings compared with 22 times for the FTSE 350 pharma sector. With US and UK investigations into alleged corruption continuing, GSK is not out of the woods yet but it is not in those governments' interests to disrupt GSK's drug programmes and trigger job cuts so the shares should recover.
The Bank of England will publish its latest quarterly outlook for the UK economy [Wednesday], with homeowners and savers alike looking for any indication of when interest rates may begin to rise. November this year or February 2015 remain the best guesses of economists with Britain's economic recovery to pre-recession levels after six years confirmed last month. But the economic recovery remains imbalanced with only the services sector back above its pre-recession peak. - The Daily Mail
African Minerals: Canaccord Genuity cuts target price from 170p to 150p, while keeping its buy recommendation.
One needs to be careful when choosing a metric on which to value a company. Using so-called "cash" production costs to do so for miners is a case in point, the Financial Times' Lex column says. That is foolish as the latter do not include shipping costs nor debt expenses. In the case of African Minerals investors might thus miss the fact that the company is being weighed down by its debt load, given the drop in iron ore prices on international markets.
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation.
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation.
ASOS: Barclays reduces target price from 8000p to 5000p and keeps an overweight rating.
African Minerals moved to provide more detail on events in Sierra Leone after the outbreak of ebola virus.
AG Barr: Investec ups target price from 620p to 645p retaining an add rating.
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged.
African Minerals: Deutsche Bank lowers target price from 335p to 324p maintaining a buy recommendation.
Sierra Leone-focused iron ore group African Minerals has hiked its resource estimate for direct shipping ore (DSO) at its flagship Tonkolili project.
Aberdeen Asset Management: RBC Capital moves target price from 485p to 495p and maintains an outperform rating.
African Minerals: Deutsche Bank reduces target price from 382p to 335p, while its buy recommendation remains unchanged.
Sierra Leone-focused iron ore miner African Minerals swung to an adjusted operating profit in 2013, helped by a strong ramp-up in production, but earnings missed analysts' estimates.
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation.
African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating.