LONDON (ShareCast) - JP Morgan has lowered its rating on BBA Aviation to ‘underweight’ from ‘neutral’ and slashed its target price on the aircraft services company to 101p from 214p, citing concerns over fuel prices and the weak economy.

Noting that BBA shares have fallen 49% so far this year, JPM said: “We see little to arrest the decline.” It also says business flyers are cutting down on flights.

JPM said that it is downgrading the group, which provides services such as refuelling for business flights, to underweight, "as the risk of more negative earnings and dividend cuts eclipses BBA’s longer-term value.”

Citigroup lowered its rating on moneysupermarket.com to ‘hold’ from ‘buy’ following the price comparison website’s announcement yesterday of the loss of a main revenue source.

Moneysupermarket shed over a fifth of its value Tuesday following confirmation that secured loans provider First Plus will stop accepting new business from 9 August.

First Plus is Barclays' main secured loan brand and the market's largest provider of secured loans.

Citi also slashed its target price on the stock to 85p from 150p.

It said the loss of FirstPlus would take about £7m out of moneysupermarket’s revenues.

ING has downgraded its recommendation on Home Retail Group to ‘hold’ from ‘buy’ and cut its price target to 225p from 315p saying it is worried about the Argos and Homebase owner’s 100% UK exposure.

The UK economy is getting worse and HRG has no asset backing or international growth plans, ING said.

It has cut its 2009 pre-tax profit forecasts by 6% to £354m and for 2010 by 15% to £300m.

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