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Berenberg initiated coverage on intellectual property-based business developer IP Group on Friday, saying that it now believes the group's portfolio was the "most mature" it had been in its eighteen-year history.
Berenberg downgraded its stance on Intu Properties to 'hold' from 'buy' on Friday as it cut the price target down to 210p from 230p, in line with the indicative offer the shopping centre owner has received from a consortium led by one of its senior directors.
JPMorgan Cazenove took a fresh look at Inmarsat ahead of the satellite operator's third-quarter results on 8 November, where it expected "robust" financials but is beginning to get worried about stiffer maritime competition.
