Investec today downgrades its investment rating on Pennon Group PLC (LON:PNN) to hold (from buy) and raised its price target to 1000p (from 890p).

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HSBC today downgrades its investment rating on Kaz Minerals PLC (LON:KAZ) to hold (from buy) and cut its price target to 600p (from 690p).

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Jefferies International today reaffirms its hold investment rating on Tullow Oil PLC (LON:TLW) and cut its price target to 65p (from 168p).

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JP Morgan Cazenove today reaffirms its neutral investment rating on Petrofac Ltd (LON:PFC) and cut its price target to 410p (from 450p).

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Kepler Cheuvreux today downgrades its investment rating on Petrofac Ltd (LON:PFC) to hold (from buy) and cut its price target to 420p (from 610p).

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Goldman Sachs today reaffirms its buy investment rating on Bunzl PLC (LON:BNZL) and cut its price target to 2450p (from 2500p).

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Credit Suisse today reaffirms its outperform investment rating on Mondi PLC (LON:MNDI) and raised its price target to 2025p (from 1910p).

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Deutsche Bank today reaffirms its hold investment rating on SSE PLC (LON:SSE) and raised its price target to 1400p (from 1300p).

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Deutsche Bank today reaffirms its buy investment rating on National Grid PLC (LON:NG.) and raised its price target to 980p (from 930p).

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Deutsche Bank today reaffirms its buy investment rating on Severn Trent PLC (LON:SVT) and raised its price target to 2650p (from 2550p).

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