<strong>PARTYGAMING<br /></strong>KBC Peel Hunt upgraded Partygaming to &ldquo;buy&rdquo;, noting that the shares have fallen back over 20 per cent over the past two weeks, a technical situation created by the recent placing. But the broker said that the outlook for the group has not deteriorated &ndash; quite the opposite as recent developments in Germany could prove promising.<br /><br /><strong>DOMINO&rsquo;S<br /></strong>Noble said that, in the short term, the lack of news flow and premium rating could result in share price weakness for Domino&rsquo;s. But the broker believes that increasing market penetration and a continuing trend of consumers trading down to eating in will drive further earnings upgrades, and retained its &ldquo;positive&rdquo; stance on the stock.<br /><br /><strong>NATIONAL EXPRESS<br /></strong>Panmure Gordon downgraded National Express to &ldquo;hold&rdquo; and cut its price target to 330p, following the group&rsquo;s announcement that it had ceased discussions with Stagecoach regarding a potential transaction. The broker assumes that the firm will raise &pound;300m in new equity, at a significant discount to the current share price.