<strong>LONDON STOCK EXCHANGE (LSE)</strong><br />Analysts at Bernstein upgraded the LSE to &ldquo;outperform&rdquo; with a target price of 950p, based on the potential for cost-savings, a low interest rate environment and a strong post-trade environment to drive stock outperformance. The broker believes that consensus earnings for the group are understated and forecasts four per cent above average for full year 2011 earnings.<br /><br /><strong>GREENE KING</strong><br />Spending &pound;30m on pubs as well as the &pound;22m on bonds means that Greene King has now spent one quarter of the &pound;207m it raised in the April rights issue, which is a good thing, according to KBC Peel Hunt. The broker believes this is not really reflected in the share price, which at nine times earnings reflects value, and sees a buying opportunity within its overall &ldquo;hold&rdquo; recommendation.<br /><br /><strong>BRITISH AIRWAYS</strong><br /> Royal Bank of Scotland continues to see British Airways as an extreme cyclical stock, with added potential catalysts possible from a deal with Iberia, anti-trust immunity with American Airlines and helpful cost cutting. The broker has a &ldquo;buy&rdquo; rating on the stock with a target price of 225p, but notes that progress on Iberia is slow and that labour talks are ongoing and challenging.<br />