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<strong>INMARSAT</strong><strong></strong><br />Investec downgraded Inmarsat to &ldquo;hold,&rdquo; saying the company&rsquo;s launch of its global satellite phone services (GSPS) and in-flight mobile services have presented significant long-term growth opportunities. This combined with the potent mix of Inmarsat&rsquo;s high operational leverage and underlying fundamentals have driven the broker to upgrade its assessment, with the target price rising from 650p to 700p.&nbsp; <br /><br /><strong>HASGROVE</strong><br />KBC Peel Hunt said it has downgraded Hasgrove to &ldquo;hold&rdquo; and cut its profit before tax by 40 per cent to &pound;2.6m after the company fell short on two major contracts which it had hoped would start in the current year.&nbsp; The broker also said the company has been successful in winning new business, yet the effort has cost the company &pound;0.7m, while additional recruitment expenses have cost a further &pound;0.25m.<br /><br /><strong>INTERTEK</strong><br />Societe Generale increased its target price for Intertek to 1,490p from 1,430p and maintained its &ldquo;buy&rdquo; rating, based on the company&rsquo;s resilience in activities at the top line and at margin level.&nbsp; Ten-month revenue to end October rose 28 per cent, while organic growth revenue was weaker than expected in the second half due in part to the firm&rsquo;s exposure to trade inspection, which has been hit by a slowdown in world trade volumes.&nbsp;