Analysts bullish on Sage and Anglo American, mixed reviews for Kingfisher and Auto Trader

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Analysts bullish on Sage and Anglo American, mixed reviews for Kingfisher and Auto Trader
Credit: © Reuters.

Several companies listed on the London Stock Exchange have experienced significant analyst rating changes today, with particular attention to Sage Group (LON: SGE ) and Anglo American (JO: AGLJ ). Sage Group received positive revisions from CitiGroup, Bryan Garnier, and Jefferies, with Jefferies assigning a 'buy' rating and Bryan Garnier setting a notable price target of 1450 pence. Anglo American also saw upgrades to 'buy' from analysts at Liberum and Deutsche Bank (ETR: DBKGn ).

Conversely, Kingfisher (LON: KGF )'s prospects dimmed with Deutsche Bank and SocGen issuing reduced price targets, and SocGen advising a 'sell' position. JPMorgan also rated the company as 'underweight'. Additionally, UBS downgraded Auto Trader Group (LON: AUTOA ) to 'sell'.

UBS reinitiated Rightmove (OTC: RTMVY ) with an uplifted 'buy' rating and selected it as a 'top pick', signaling confidence in the company's future performance. The London Stock Exchange itself benefited from an increased target from UBS, which continued its 'buy' recommendation.

In other analyst actions, HSBC lowered Diageo (LON: DGE )'s price target but maintained a 'buy' recommendation. JPMorgan upgraded BAE Systems (LON: BAES ) to 'overweight', and RBC rated SSE (LON: SSE ) as 'outperform'. Goldman Sachs added BT Group (LON: BT ) to their 'conviction buy list', indicating strong confidence in its stock.

Cranswick's outlook was also enhanced by RBC and Berenberg, both raising its performance expectation to 'outperform'. Barclays (LON: BARC ) gave an 'equal weight' endorsement to Sage Group, while other companies like received an upgrade to 'neutral' by UBS.

The analyst ratings reflect a mix of optimism and caution in the market, with certain stocks being pinpointed for growth potential while others face scrutiny and lowered expectations.

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