Asia-focused banking giant Standard Chartered (LON:STAN) is overpriced currently for the investor, reckons heavyweight broker Deutsche.
The group reports first quarter numbers on August 3 and Deutsche reckons the focus being on emerging markets, the impact of the Brexit vote should be limited.
"...Instead we expect focus will return again to the revenue outlook – and Brexit is unlikely to be constructive," says Deutsche, however.
It repeats a 'sell' on the share and lowers the target to 474p from 480p.
"We think the long-term valuation of SC should be driven by 2018 returns and not further near-term improvements in credit quality or capital.
"We still struggle to see SC making close to cost of equity," says the broker, forecasting a 5.8% RoTE (return on tangible equity) in 2018 despite an 11% revenue increase by 2018 from current levels.
Meanwhile, insurer Aviva (LON:AV.) comes under scrutiny from US house Jefferies, which has lowered its target price to 450p from 523p, but does repeat a 'buy'.
The firm's underperformance, it says, stretches back to the announcement of the Friends acquisition in November 2014, and this, along with falling yields and the Brexit vote have all conspired over the past 18 months.
It is a long term buying opportunity, on the broker's view, where the market is failing to factor in structural longterm growth potential driven by a leadership franchise.
Also in broker land on Monday, Peel Hunt reached for the red pen today and slashed the target on challenger bank Aldermore plc (LON:ADM) to 145p from 235p.
It also cuts the rating to 'hold' from 'buy'.
On peer Shawbrook plc (LON:SHAW) the broker repeats an 'add' and lowers the target price to 215p from 385p.
Shares added 2.1% to 170p.
Big cap miners are dug into by Credit Suisse, which looks at several stocks. Notably, Anglo Asian (LON:AAZ) has a repeated 'neutral' but target lifted to 700p from 630p.
An outperform stance is repeated on BHP Billiton PLC (LON:BLT) and the target lifted to 1150p from 1050p.