Friday broker round-up

4th May 2012 09:21

AstraZeneca: UBS raises target from 3,400p to 3,500p, buy rating unchanged.BG Group: Nomura cuts target from 1,950p to 1,850p, buy rating kept.British Land: Jefferies upgrades British Land from hold to buy, targetupped from 517p to 543p.Dairy Crest: Jefferies initiates coverage with a buy recommendation and 340p target.Debenhams: Liberum Capital downgrades from hold to sell.Home Retail: AlphaValue upgrades from add to buy, target cut from 105.4p to 104.3p.HSBC: Oriel Securities downgrades from hold to reduce.InterContinental Hotels: Investec keeps buy rating and 1,700p target.Kesa Electricals: Deutsche Bank upgrades from sell to hold, 62p target maintained.Lloyds: WestLB upgrades from add to buy, target lifted from 41p to 42p.Pace: Espirito Santo upgrades from neutral to buy, target lifted from 96p to 110p.Phoenix Group: Investec retains hold recommendation and 509p target.Randgold Resources: Numis upgrades from add to buy, target cut from 6,300p to 6,200p.Rentokil Initial: Investec puts 75p target under review, hold recommendation maintained; Oriel Securities downgrades from add to hold, 85p target maintained.Royal Bank of Scotland: Investec reiterates buy rating and 30p target; Nomura maintains reduce rating and 26p target.Schroders: UBS cuts target from 1,580p to 1,520p, neutral rating kept.Smith & Nephew: Jefferies keeps buy rating and 740p target.WSP: Panmure Gordon upgrades from hold to buy, target lifted from 278p to 316p.Xstrata: Exane BNP Paribas upgrades from neutral to outperform, target raised from 1,300p to 1,450p.BC