Forterra: Citigroup downgrades to neutral with a target price of 350p.
Entertainment One: Numis upgrades to add with a target price of 340p.
Halfords reported lower annual profits as the bike and car parts retailer was hit by the increased cost of goods due to the weak pound, with a similar result expected this year as selling prices remain flat.
It might seem counter-intuitive on the same day that more dismal official retail figures and disastrous numbers from Debenhams coincided, but plenty of contrarian thinkers have already started looking to the retail sector for investment opportunities.
Retailers were among the big movers in London on Friday as Citi adjusted its ratings on several stocks as part of a broader note on European general retail.
Dixons Carphone has hired Halfords' Jonny Mason as its new finance director, completing a management overhaul as the electricals and technology chain seeks to revive performance.
Fever-Tree: Jefferies initiates buy with a target price of 3000p.
Canaccord Genuity upped its stance on Halfords to 'buy' from 'hold' on Friday, lifting the price target to 436p from 370p following the company's third-quarter update a day earlier.
Rightmove: JP Morgan upgrades to neutral with a target price of 4,168p.
Halfords reported a rise in third-quarter sales on Thursday and solid trading over the Christmas period.
Ultra Electronics: Berenberg downgrades to Sell with a target price of 1550p.
Halfords reported a drop in interim profit on Thursday as the weaker pound increased costs.
Diageo: Berenberg downgrades to Hold with a target price of 2550p.
Halfords has poached fellow retailer Dixons Carphone's software boss, Graham Stapleton, to take up the chief executive role vacated by the soon-to-depart Jill McDonald.
Retailer Halfords Group reported like-for-like sales largely as expected for the first 20 weeks of the year, in the last results before chief executive Jill McDonald departs.
Halfords: Numis upgrades to Hold with a target price of 360p.
Profits at bike and car accessory retailer Halfords Group were deflated by the impact of foreign currency rates on margins, though it pumped up its dividend as cash generation remained strong.
Rio Tinto: RBC upgrades to Top Pick with a target price of 4400p.
With the retail sector's risk profile increasing as the UK discretionary consumer outlook deteriorates, HSBC downgraded and cut the target prices Dunelm and Halfords, but upgraded Kingfisher to 'buy' due to its transformation plans.
Poor results sent shares in BT and Mondi straight to the bottom of the pile, weighing on fixed line telecoms and Forestry&Paper.