Deutsche Bank upgraded its rating to “hold” and increased its target price to 490p from 445p. The bank said the size of Lonmin’s proposed rights issue will “ensure the company’s survival”.
Jefferies downgraded its rating from “hold” to “underperform”, as it thinks the stock is no longer a US recovery play. The broker cut its target price to 2,300p from 2,340p.
INTERIOR SERVICES GROUP
Panmure Gordon upgraded its rating to “buy”, with a new target price of 170p from 112p, as the broker said ISG continued to win work despite tough markets.