HSBC is making several arbitrages within its real estate universe, including Hammerson. RBC moderates its view on British online retailer Asos, while Cowen upgrades Cintas, Cummins and GATX Corp. A few recommendation changes in the US financial industry are also in today's selection.
Asos: RBC remains Outperform with a price target reduced from GBp 7500 to GBp 7300
BlackRock : JPMorgan adjusts pt to $1029 from $959, maintains overweight rating
Cintas: Baird upgrades to outperform from neutral. PT set to $425, up 15%
Cummins: Cowen raises to outperform from market perform. PT set to $284, up 18%
GATX Corp: Cowen upgrades to outperform from market perform. PT set to $101,up 15%
GP Strategies : Barrington Research downgrades to market perform from outperform
Hammerson: HSBC upgrades from light to hold, targeting GBp 38.
Ocado: Berenberg remains Hold with target reduced to GBP 2120 from GBP 2390.
Prologis : Morgan Stanley adjusts price target to $131 from $120, keeps overweight rating
US Bancorp : Wedbush adjusts price target to $64 from $61, maintains neutral rating
Victrex: Jefferies remains Buy with target price raised from GBp 2,725 to 2,975.