LONDON (Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:----------FTSE 100----------RBC CUTS HSBC HOLDINGS TO 'UNDERPERFORM' (SECTOR PERFORM) - PRICE TARGET 560 (730) PENCE ----------RBC CUTS STANDARD CHARTERED PRICE TARGET TO 550 (700) PENCE - 'UNDERPERFORM' ----------EXANE BNP CUTS ST JAMES'S PLACE PRICE TARGET TO 1430 (1500) PENCE - 'OUTPERFORM' ----------CFRA CUTS ST JAMES'S PLACE TO 'SELL' ('HOLD') - TARGET 900 (1250) PENCE ----------BARCLAYS CUTS ST JAMES'S PLACE PRICE TARGET TO 1359 (1431) PENCE - 'OVERWEIGHT' ----------CREDIT SUISSE CUTS FERGUSON TO 'NEUTRAL' ('OUTPERFORM') - TARGET 5735 (6255) PENCE----------EXANE BNP RAISES FERGUSON PRICE TARGET TO 590 (360) PENCE - 'NEUTRAL' ----------RBC CUTS BURBERRY GROUP PRICE TARGET TO 1800 (1875) PENCE - 'UNDERPERFORM' ----------BERENBERG RAISES WHITBREAD PRICE TARGET TO 5900 (4900) PENCE - 'BUY' ----------DEUTSCHE BANK RAISES IAG PRICE TARGET TO 770 (750) PENCE - 'BUY' ----------DEUTSCHE BANK CUTS EASYJET PRICE TARGET TO 1440 (1915) PENCE - 'HOLD' ----------FTSE 250----------BARCLAYS CUTS CINEWORLD GROUP TO 'EQUAL WEIGHT' (OVERWEIGHT) - TARGET 305 (310) PENCE ----------OTHER MAIN MARKET AND AIM----------DEUTSCHE BANK CUTS RYANAIR PRICE TARGET TO 13.90 (17.20) EUR - 'HOLD' ----------GOLDMAN CUTS PETRA DIAMONDS PRICE TARGET TO 41 (43) PENCE - 'NEUTRAL' ----------
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IN BRIEF: Pets At Home starts GBP25 million 2nd half of share buyback
Pets At Home Group PLC - Cheshire, England-based pet supplies and veterinary services - Launches GBP25 million second tranche of GBP50 million share buyback. Commissions HSBC Bank PLC, part of HSBC Holdings PLC, to conduct the buyback tranche, which will end by March 28 next year. The overall programme was started in June. The launch of the second tranche follows the release of interim results on Tuesday. Pretax profit declined 35% to GBP34.7 million in the 28 weeks to October 12 from GBP53.4 million a year prior, as a 6.5% revenue increase was offset by higher cost of sales and administrative expenses. Pets at Home had maintained its interim dividend at 4.5 pence per share.
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