StockMarketWire.com - Oriel Securities downgrades Tesco from hold to reduce.

Oriel Securities downgrades Sainsbury from add to hold.

Oriel Securities downgrades Morrison from reduce to sell.

Singer Capital Markets initiates buy on Tullett Prebon, target price 410p.

Singer Capital Markets initiates buy on ICAP, target price 440p.

Singer Capital Markets initiates buy on ITM Power, target price 68p.

Panmure Gordon upgrades Babcock International from hold to buy, target price raised from 780p to 850p.

Panmure Gordon downgrades Regus from buy to hold, target price unchanged at 110p.

Citigroup downgrades Weir Group from neutral to sell, target price cut from 1950p to 1830p.

Merrill Lynch downgrades Kazakhmys from buy to neutral, target price cut from 1600p to 1200p.

Merrill Lynch downgrades Serco from buy to neutral, target price cut from 600p to 590p.

Collins Stewart upgrades Abcam from sell to hold, target price unchanged at 300p.

Numis upgrades Jupiter Fund Management from hold to buy.

Numis downgrades Man Group from buy to hold.

Numis upgrades JD Wetherspoon from reduce to hold, target price raised from 375p to 400p.

Merrill Lynch initiates neutral on Resolution, target price 275p.

Numis downgrades Petrofac from add to hold, target price 1670p.

Northland Capital downgrades Persimmon from buy to add, target price raised from 575p to 725p.

HSBC downgrades Kazakhmys from overweight to neutral, target price cut from 1300p to 1240p.

Goldman Sachs downgrades Cove Energy from buy to neutral.

Berenberg initiates buy on International Power, target price 390p.

UBS downgrades Wolseley from buy to hold.

Macquarie initiates outperform on Johnson Matthey.

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