An eye-catching broker upgrade today was for mining giant Anglo American plc (LON:AAL) and came from Canaccord Genuity.
It has lifted the stance to ‘buy’ from ‘sell’ on the diversified miner.
Last week, global group Anglo told investors the turnaround plan was on track and beat earnings forecasts in the first half.
The group has slashed debt and aims to reduce its scale significantly posted a net loss of $813mml compared to a $3bn loss it made in the same period a year ago.
Underlying earnings fell to $698mln from $904mln, beating analysts’ expectations.
Meanwhile, Credit Suisse has upgraded the security systems group BAE Systems (LON:BAE) to 'neutral' from 'underperform'.
Meanwhile, broker Peel Hunt has moved the curtains and fabrics and household retailer Dunelm Group plc (LON:DNLM) to 'buy' from 'add'.
On the downside, specialty pharma group Johnson Matthey Plc (LON:JMAT) was downgraded to 'hold' from 'buy' by German bank Berenberg, which has lifted the target to 3350p from 3250p.
Meanwhile, huge pizza group Domino's Pizza Group Plc (LON:DOM) has been downsized to 'equalweight' from 'overweight' but the target price rolled upward to 430p from 283p.