Hunting downgraded to Underweight from Equal Weight at Barclays

Barclays downgraded Hunting (HNTIF) to Underweight from Equal Weight with a price target of 600 GBp, up from 500 GBp. The firm adjusted ratings in the European energy services space, saying the full impacts of the Middle East crisis yet to filter to the consumer. Barclays sees the longer-term implications for the sector outweighing current uncertainties and lifted its price targets across the group.