Societe Generale today downgrades its investment rating on Rolls-Royce Group PLC (LON:RR.) to sell (from hold) and cut its price target to 246p (from 700p)....

Societe Generale today upgrades its investment rating on BAE Systems Plc (LON:BA.) to buy (from hold) and cut its price target to 550p (from 705p)....

Societe Generale today downgrades its investment rating on Meggitt PLC (LON:MGGT) to sell (from hold) and cut its price target to 205p (from 610p).

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Goldman Sachs today downgrades its investment rating on Hikma Pharmaceuticals PLC (LON:HIK) to neutral (from buy) and raised its price target to 2400p (from 2200p)....

Jefferies International today downgrades its investment rating on Diageo PLC (LON:DGE) to underperform (from hold) and cut its price target to 2200p (from 2800p).

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Credit Suisse today upgrades its investment rating on Marks & Spencer Group PLC (LON:MKS) to outperform (from underperform) and cut its price target to 125p...

Credit Suisse today downgrades its investment rating on Next PLC (LON:NXT) to underperform (from neutral) and cut its price target to 4150p (from 4300p).

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Insurance company Legal & General said its business had performed broadly in line with the prior year during the first quarter.

Legal & General also...

Credit Suisse today upgrades its investment rating on Centrica PLC (LON:CNA) to outperform (from neutral) and cut its price target to 70p (from 86p).

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Chartered Surveyors Fletcher King said that managing director Richard Goode would be replaced by Paul Andrews, who was currently an executive director, with effect from...