Tullow Oil: Jefferies downgrades to Underperform with a target price of 155p.
RBS: Jefferies upgrades to Buy with a target price of 306p.
British Land: Deutsche Bank upgrades to Buy with a target price of 660p.
Analysts at JP Morgan marked down their target price for shares of pub operator Greene King on anticipated lower sales growth at its main unit, Pub Company.
Pub companies and analysts were gulping after a warning from brewer Greene King about falling sales, rising competition and costs, all set against a worrying backdrop of tightening consumer belts.
Go-Ahead Group: JPMorgan downgrades to 'Underweight' with a target price of 1355p.
Greene King was crying into its beer as takings from its pubs shrank in the first 18 weeks of the year the coming months offer little chance of a top-up amid weaker consumer confidence, increased costs and increasing competition.
UK pubs face twin risks from consumer spending and rising costs, leading HSBC to take a more negative stance on the sector and downgrade Greene King and JD Wetherspoons.
Selling from the US and Asian trading sessions has carried over into the London open, despite possible indications that China might not back-up its errant neighbour if it carries out a missile strike that could threaten US territory.
Pub operator and brewing company Greene King announced on Friday that Richard Smothers would be joining the firm in December 2017, and joining the board as chief financial officer in February 2018.
Analysts at Liberum initiated coverage on UK-listed leisure stocks at 'neutral' despite recent strong growth in the sector as leisure operators slowly filled the vacuum left by retailers on the High Street.
Greene King: JPMorgan downgrades to Neutral with a target price of 750p.
Greene King slumped on Friday after JPMorgan Cazenove downgraded the stock to 'neutral' from 'overweight' and cut the price target to 750p from 810p as it pointed to the absence of a compelling catalyst to cause a bounce-back.
Pub operator Greene King posted a rise in adjusted profit but a drop in statutory profit for the year, as revenues grew and the company lifted its dividend.
Greene King shares have outperformed the wider UK stock market over the last three months but amid continued pressure on margins, Numis downgraded its recommendation to 'hold' from 'add'.
Restaurant sales dropped off last month after several months of growth, with flat sales growth for pub operators and strong performance in London helping the capital buck the trend.
In the normally quiet month for the pubs and restaurant sector, sales data for January was positive overall and showed casual dining chains enjoying a continued recovery.
The FTSE 250 closed up 0.47% to 18,715.36 points.
British American Tobacco: Berenberg upgrades to Buy with a target price of 5670p.
Greene King's shares fell on Friday as Canaccord Genuity reiterated a 'buy' rating but cut the target price to 850p from 900p and lowered its earnings guidance.