Investec upped its rating from SELL to HOLD on BG Group (BG.L) after the surprise announcement last week of its takeover by Shell (RDSA.L), although the deal has yet to be voted on by shareholders.
HSBC (HSBA.L) received a rating upgrade from Morgan Stanley citing share price under performance compared to sector inding figure the STOXX600 banks index.
Citigroup revised expectations on the performance of the UK metals and mining sector this morning to NEUTRAL from BULLISH and cut its projections for the short and medium term outlook of iron ore. Citigroup lowered ratings on Rio Tinto (RIO.L), Glencore (GLEN.L), BHP Biliton (BLT.L) and Lonmin (LMI.L) to NEUTRAL also lowering Vedanta (VED.L) and Anglo American (AAL.L) to SELL.
Investec upped its rating from SELL to HOLD on BG Group (BG.L) after the surprise announcement last week of its takeover by Shell (RDSA.L), although the deal has yet to be voted on by shareholders.
HSBC (HSBA.L) received a rating upgrade from Morgan Stanley citing share price under performance compared to sector inding figure the STOXX600 banks index.
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