<div id="readability-page-1"><div>(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: ---------- FTSE 100 ---------- Jefferies cuts Tesco to 'hold'- price target 450 pence ---------- Jefferies cuts AB Foods to 'underperform' - price target 1,800 pence ---------- Jefferies cuts Next to 'hold' - price target 1,4000 pence ---------- Morgan Stanley cuts Reckitt Benckiser to 'equal-weight' - price target 6,100 pence ---------- RBC cuts Marks &amp; Spencer price target to 350 (400) pence - 'sector perform' ---------- RBC cuts Smith &amp; Nephew to 'sector perform' - price target 1,350 (1,700) pence ---------- FTSE 250 ---------- RBC cuts Mony price target to 250 (260) pence - 'outperform' ---------- RBC raises FirstGroup price target to 250 (245) pence - 'outperform' ---------- Deutsche Bank Research raises Bridgepoint to 'buy' (hold) ---------- Small Cap ---------- UBS cuts Card Factory price target to 120 (170) pence - 'buy' ---------- Berenberg cuts Card Factory price target to 110 (150) pence - 'buy' ---------- Morgan Stanley raises Ryanair price target to 30.50 (30.40) EUR - 'overweight' ---------- Deutsche Bank Research raises AIB price target to 8.50 (6.20) EUR - 'hold' ---------- Berenberg raises Kistos price target to 280 (245) pence - 'buy' ---------- RBC cuts On The Beach price target to 305 (325) pence - 'outperform' ---------- UBS raises South32 price target to 170 (165) pence - 'neutral' ---------- RBC raises Capita price target to 480 (400) pence - 'outperform' ---------- Goldman Sachs starts Magnum Ice Cream with 'neutral' - price target 13.70 EUR ---------- Comments and questions to newsroom@alliancenews.comCopyright 2025 Alliance News Ltd. All Rights Reserved.</div></div>

TSCDY

Jefferies has adjusted its ratings and price targets for several FTSE 100 companies: Tesco downgraded to 'hold' with a target of 450 pence, AB Foods to 'underperform' at 1,800 pence, and Next to 'hold' at 1,400 pence. Other analysts also made changes, including RBC, Morgan Stanley, and Deutsche Bank, affecting companies across FTSE 100, FTSE 250, and Small Cap indices.

Jefferies cuts Tesco, AB Foods and Next