LONDON BROKER RATINGS: Morgan Stanley raises targets for Shell, BP

The following London-listed shares received analyst recommendations Friday morning and on Thursday:

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FTSE 100

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Morgan Stanley raises BP price target to 347 (340) pence - ’underweight’

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Morgan Stanley raises Shell price target to 2,860 (2,027) pence - ’overweight’

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Berenberg raises ConvaTec price target to 335 (310) pence - ’buy’

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UBS raises Rightmove price target to 944 (803) pence - ’buy’

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Jefferies cuts InterContinental Hotels target to 8,400 (8,900) pence - ’hold’

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UBS raises BT price target to 135 (120) pence - ’sell’

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FTSE 250

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Morgan Stanley cuts Ocado price target to 210 (230) pence - ’underweight’

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Oddo BHF raises Burberry price target to 920 pence - ’underperform’

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Jefferies cuts Travis Perkins price target to 658 (696) pence - ’hold’

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JPMorgan raises Moonpig price target to 275 (250) pence - ’overweight’

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SMALL CAP

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Deutsche Bank cuts Next 15 group price target to 473 (589) pence - ’buy’

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Berenberg cuts Andrada Mining price target to 10 (11) pence - ’buy’

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Jefferies raises Ryanair price target to 23.40 (21) EUR - ’hold’

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UBS raises Synthomer price target to 110 (100) pence - ’neutral’

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