Liberum Capital has lifted its price target for Premier Oil Plc (LON:PMO) highlighting strong production from existing assets and the potential for newer assets to beat guidance.
The broker repeated a ‘buy’ recommendation and increased its price target to 77p from 67p (current price 75p, up from around 30p in March).
JP Morgan Cazenove has upgraded oil and gas services group Hunting Plc (LON:HTG) to ‘neutral’ from ‘underweight’.
Liberum, however, described last week’s trading update as disappointing whilst repeating a ‘sell’ for Hunting and reducing its target to 232p from 240p.
Mining group Antofagasta Plc (LON:ANTO) similarly saw its rating lifted to ‘sector perform’ from ‘underperform’ by RBC Capital Markets.
Among the day’s downgrades Barclays Capital cut its view of Daily Mail & General Trust Plc (LON:DMGT) to ‘equal weight’ from ‘overweight’.
And Drax Group Plc (LON:DRX) was dropped to ‘underperform’ from ‘market perform’ by Bernstein which also now has a 250p price target, implying some 16% downside to the current price of 300p.