StockMarketWire.com - N + 1 Brewin downgrades Decra Pharmaceuticals from add to reduce, target price cut from 600p to 540p.

Seymour Pierce downgrades Dechra Pharmaceuticals from buy to add, target price unchanged at 600p.

WH Ireland Securities downgrades Dechra Pharmaceuticals from buy to outperform, target price 600p.

Macquarie initiates neutral on BowLeven.

Oriel Securities upgrades Rentokil Initial from hold to add.

Canaccord Genuity initiates sell on Gulf Keystone Petroleum, target price 210p

Panmure Gordon downgrades Communisis from buy to hold, target price unchanged at 39p.

Peel Hunt downgrades Aberdeen Asset Management from buy to hold, target price raised from 270p to 280p.

Investec downgrades HSBC Holdings from buy to hold, target price cut from 800p to 600p.

Investec upgrades Standard Chartered from hold to buy, target price raised from 1550p to 1800p.

Investec downgrades Gooch & Housego from buy to hold, target price 420p.

Numis downgrades Croda International from add to hold, target price unchanged at 1997p.

Numis downgrades CSR from buy to hold, target price unchanged at 290p.

Numis downgrades Devro from add to hold, target price unchanged at 290p.

Peel Hunt downgrades Rathbone Brothers from buy to hold, target price unchanged at 1270p.

Numis initiates buy on Matchtech Group, target price 266p.

Numis downgrades Pendragon from buy to hold, target price unchanged at 13p.

Credit Suisse upgrades Admiral Group from neutral to outperform, target price raised from 1100p to 1300p.

Canaccord Genuity downgrades CSR from buy to hold.

Merchant Securities upgrades Misys from sell to hold.

Nomura upgrades Petropavlovsk from reduce to neutral, target price raised from 860p to 910p.

Goldman Sachs downgrades Morrison from sell to conviction sell, target price cut from 292p to 279p.

Panmure Gordon upgrades McBride from hold to buy, target price unchanged at 150p.

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