- Applied Materials: Barclays downgrades to underweight from equal-weight. PT down 18% to $90.
- Associated British Foods: Deutsche Bank upgrades from hold to buy targeting GBp 2180.
- Close Brothers: Investec upgrades to hold from sell. PT down 1.9% to 955 pence.
- KLA Corp: Barclays downgrades to underweight from equal-weight. PT down 21% to $325.
- Pendragon: Jefferies resumes its Buy rating, targeting GBp 25.
- PTC: KeyBanc Capital Markets upgrades to overweight from sector weight. PT up 19% to $155.
- Skyworks: Barclays upgrades to overweight from equal-weight. PT up 21% to $125.
- Vodafone: Jefferies remains "Hold" with a price target reduced from GBp 100 to GBp 85.
- Warner Music: Barclays downgrades to equal-weight from overweight. PT down 1.6% to $35.
- Western Digital: Exane BNP Paribas upgrades to neutral from underperform. PT up 9.2% to $42.