StockMarketWire.com - Berenberg downgrades Tesco from buy to hold, target cut from 490p to 360p. Berenberg downgrades Sainsbury from buy to hold, target cut from 380p to 290p.

Barclays Capital downgrades Pace from overweight to equal weight, target price cut from 175p to 100p.

RBC Capital Markets downgrades Compass Group from sector performer to underperform, target price 550p.

RBC Capital Markets upgrades G4S from outperform to strong buy, target price 350p.

Exane BNP Paribas upgrades IMI from neutral to outperform, target price raised from 975p to 1050p.

Exane BNP Paribas upgrades Smiths Group from neutral to outperform, target price raised from 1000p to 1150p.

Exane BNP Paribas upgrades Shire from underperform to neutral, target price raised from 1600p to 2300p.

Exane BNP Paribas upgrades Betfair from underperform to outperform, target price raised from 850p to 1000p.

Seymour Pierce downgrades Experian from hold to reduce, target price 840p.

WH Ireland Securities upgrades Crawshaw Group from market perform to outperform, target price 2.50p.

Singer Capital Markets downgrades Invensys from buy to sell, target price cut from 273p to 150p.

RBC Capital Markets downgrades Serco Group from sector performer to underperform, target price cut from 600p to 475p.

Shore Capital upgrades Royal Bank of Scotland from sell to hold.

Oriel Securities upgrades Dixons Retail from sell to hold, target price unchanged at 10p.

Oriel Securities downgrades Capital Shopping Centres from add to reduce.

Numis downgrades Record from hold to reduce, target price 11p.

Numis downgrades SDL from buy to add, target price unchanged at 770p.

UBS upgrades Resolution from neutral to buy, target price raised from 260p to 300p.

Goldman Sachs upgrades British Land from neutral to buy, target price cut from 585p to 564p.

Goldman Sachs downgrades Invensys from buy to neutral, target price cut from 285p to 185p.

JP Morgan Cazenove upgrades CSR from neutral to overweight, target price raised from 285p to 300p.

Panmure Gordon upgrades Redrow from hold to buy, target price raised from 129p to 130p.

Liberum Capital downgrades GlaxooSmithKline from buy to hold, target price unchanged at 1470p.

UBS downgrades Derwent London from buy to neutral, target price cut from 1800p to 1700p.

UBS upgrades Lancashire Holdings from neutral to buy, target price raised from 735p to 806p.

At 2:02pm:

[LON:CPG] Compass Group share price was -5.75p at 604.25p

[LON:GFS] Group 4 Securicor share price was +1.15p at 269.85p

[LON:PIC] Pace Micro Technology share price was -4.25p at 88.5p

[LON:SBRY] Sainsbury (J) share price was -0.2p at 283p

[LON:TSCO] Tesco share price was +3.28p at 315.63p



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