US heavyweight Jefferies has dimmed the light on power provider Aggreko (LON:AGK), citing pricing concerns and a lack of new contracts.
The broker rates the shares 'underperform' and slashed the price target to 720p from 950p.
It has downgraded its forcecast for full year 2016 EPS by 10% - making the broker 20% below the consensus view.
Will Kirkness, analyst, said that while weak demand and an elevated supply of temporary power are unhelpful, he reckons pricing has twice the negative impact as volume on EPS.
"Profitability of Power Projects looks to have dropped 40% in three years from a similar asset base," he added.
The same broker reckons bedding and homeware group Dunelm (LON: DNLM) offers a good entry point for investors for a mid-term opportunity. It is a buyer of the shares and targets 1,025p. The current price is 903.5p.
"Given a tough comp and fewer new stores we forecast Dunelm's 1Q16E sales growth could slow to 8%. Yet with new management gearing up for Dunelm's third leg of growth we see this as a good entry point for the mid-term," said the broker.
Canaccord rates the insurance and personal finance giant Legal & General (LON:LGEN) as 'hold' targeting 275p - compared to a current price of 242.9p.
The company has announced its first bulk annuity contract in the US with Royal Philips, it noted, which sees US$900mln of liabilities split between L&G and Prudential Insurance Company of America covering all the retirees
"Overall, we view this as positive for L&G, as it shows its capability of winning bulk mandates in the US. This deal also shows how a large scheme could be structured differently," it added.
Also in broker world, CIBC has downgraded big cap miner Anglo American (LON:AAL) to 'sector underperform' from 'sector perform' and has a price target of 575p.
Meanwhile, elsewhere bank HSBC has flown low-cost carrier Ryanair (LON:RYA) down to 'hold' from 'buy'.
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