Monday broker round-up

3rd Sep 2012 09:14

APR Energy: UBS raises target from 590p to 600p, sell rating unchanged.ARM Holdings: Deutsche Bank downgrades to sell, target cut from 465p to 400p.Burberry: Nomura keeps buy rating and 1,450p target.Cairn Energy: BarCap cuts target from 445p to 350p, equal weight rating kept.Computacenter: UBS cuts target from 445p to 415p, buy rating kept.CSR: Deutsche Bank downgrades to sell, target raised from 250p to 255p.Home Retail Group: Investec upgrades from sell to buy.Imagination Tech: Deutsche Bank initiates coverage with hold rating and 590p target.Max Petroleum: Merchant Securities upgrades from sell to hold, target lifted from 3.1p to 4.0p.Morrison: Nomura downgrades to neutral, target cut from 350p to 300p.Reed Elsevier: Jeffeires keeps buy rating and 635p target.Sainsbury: Nomura keeps neutral rating and 300p target.Staffline: Shore Capital downgrades to hold.Tesco: Nomura maintains buy rating and 430p target.Trinity Mirror: Singer Capital Markets upgrades to buy, target lifted from 25p to 40p.Wood Group: Morgan Stanley downgrades to equal weight.Whitbread: Jefferies keeps hold rating and 1,770p target.BC