FTSE 250 movers: Currys boosted by upgrade; Wizz hit by downgrade

London’s FTSE 250 was down 1.1% at 19,882.47 in afternoon trade on Tuesday, with broker notes providing most of the action.

Electrical retailer Currys was the star performer on the index after Numis upgraded the shares to ‘reduce’ from ‘sell’ as it took a look at the UK retail sector.

Petershill Partners was also up, after an initiation at ‘buy’ at Jefferies.

Wizz Air was under the cosh after Barclays double-downgraded its stance on the budget airline to ‘underweight’ from ‘overweight’ in a note on the airline sector.

Moneysupermarket was also in the red after a downgrade to ‘add’ from ‘buy’ at Numis following recent share price strength strength.

Numis retained a 260p price target on the stock. It said the valuation is "by no means expensive".

"Energy should return at some point, but we remain mindful of a potentially tougher competitive backdrop given ownership changes of key competitors as well as the softer Money/gross margin guidance than we had hoped," it said.

FTSE 250 - Risers

Currys (CURY) 78.55p 4.87%
BH Macro Ltd. GBP Shares (BHMG) 459.00p 3.15%
Spire Healthcare Group (SPI) 245.50p 2.29%
W.A.G Payment Solutions (WPS) 80.00p 1.91%
Petershill Partners (PHLL) 166.60p 1.83%
Keller Group (KLR) 813.00p 1.50%
SSP Group (SSPG) 264.70p 1.50%
Marks & Spencer Group (MKS) 152.85p 1.43%
Capital & Counties Properties (CAPC) 124.30p 1.22%
Hikma Pharmaceuticals (HIK) 1,790.00p 1.22%

FTSE 250 - Fallers

Wizz Air Holdings (WIZZ) 2,550.00p -4.74%
Molten Ventures (GROW) 383.00p -4.73%
Harbour Energy (HBR) 281.00p -4.58%
RHI Magnesita N.V. (DI) (RHIM) 2,626.00p -3.81%
Jupiter Fund Management (JUP) 138.40p -3.62%
Moneysupermarket.com Group (MONY) 225.80p -3.50%
Marshalls (MSLH) 332.00p -3.21%
Kainos Group (KNOS) 1,426.00p -2.99%
Safestore Holdings (SAFE) 1,029.00p -2.92%
Aston Martin Lagonda Global Holdings (AML) 191.60p -2.86%