Banks help FTSE 100 break through 5,900 barrier We saw a sharp turnaround in the final hour of trading in the US last night, and a stronger session in Asian trading this morning, which has kick started European investors to trade on the front foot this morning. At the other end of the table, shares in Anglo American dipped after Citigroup downgraded the miner to "neutral" from "buy" on valuation grounds, and moves to a bearish stance on the wider sector. "We think now may be a good opportunity for investors to take some profits (in Anglo American), given several operational challenges and a relatively unattractive valuation," the broker added. ITV also fell after Peel Hunt downgraded its rating to a hold. Following a strong run, ITV shares are now trading close to our 83p price target. We therefore bring our recommendation on the stock down from Buy to Hold, as we approach the company's preliminary results release at the end of February. With much of the upswing in 2012 TV revenues now factored into our numbers for the year, given a boost by the euro 2012 tournament in the summer, we believe the upside now looks limited in the absence of upgrades. The wild card remains an EPS-enhancing acquisition (now the company has eliminated its net debt) but we have not incorporated this into our investment thesis," analyst Patrick Yau added.