Analyst recommendations: GlaxoSmithKline, Qualcomm, State Street, Tate & Lyle, Virgin Money UK...
Jefferies has lowered its valuation on Trainline and JP Morgan has slightly reduced its valuation on Rio Tinto, while upgrading Travis Perkins. Goldman Sachs raised its recommendation on Qualcomm to neutral from sell.

- GlaxoSmithKline: Barclays maintains its Sell rating on the stock. Previously set at GBp 1250, the target price has been raised to GBp 1300.
- International Consolidated Airlines Group: Bestinver Securities initiates coverage with a recommendation of buy. PT up 32% to 210.41 pence
- Qualcomm: Goldman Sachs raised its recommendation to neutral from sell. PT raised by 5.9% to $148
- Rio Tinto: J.P. Morgan remains Overweight with a target cut from GBP 8310 to GBP 8250.
- State Street : DA Davidson adjusts price target to $91 from $89, buy/add rating kept
- Tate & Lyle: Jefferies remains Buy with a price target raised from GBP 850 to GBP 880.
- Trainline: Berenberg remains Buy with a price target reduced from GBp 520 to GBp 350 .
- Travis Perkins: J.P. Morgan upgrades to overweight from neutral. PT up 20% to 2,000 pence.
- Virgin Money UK: Investec raised to buy from hold. PT raised 11% to 205 pence.
- Yara: Berenberg remains Hold with a price target raised from GBp 465 to GBp 480.
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