ARM: UBS ups target from 630p to 645p, buy rating kept.Bodycote: Investec cuts target from 410p to 355p, buy rating kept.BSkyB:Jefferies keeps hold rating and 700p target; Investec keeps hold rating and 680p target.Capita: Jefferies ups target from 750p to 795p, buy rating kept.Capital & Counties: UBS downgrades from buy to neutral, 215p target kept.Capital Shopping Centres: Jefferies maintains hold rating and 339p target.Centrica: Investec keeps buy rating and 429p target.Compass: Investec keeps buy rating and 740p target.Cookson: UBS cuts target from 600p to 550p, neutral rating kept.easyJet: Liberum Capital downgrades to hold.Drax: Citigroup upgrades to neutral; Bank of America Merrill Lynch upgrades to neutral; Nomura upgrades to neutral.International Personal Finance: Citigroup upgrades to buy.Intertek: Seymour Pierce downgrades to hold.ITV: Jefferies keeps hold rating and 77p target; Investec maintains sell rating and 60p target.Laird: Investec puts target under review, hold rating kept.Lloyds: Investec maintains buy rating and 40p target.National Express : Jefferies reiterates buy rating and 300p target.Nichols: N+1 Brewin upgrades to add.Pace: Jefferies ups target from 148p to 168p, buy rating kept.Provident Financial: Shore Capital downgrades to hold.Reed Elsevier: Jefferies maintains buy rating and 635p target; Investec keeps buy rating and 640p target.Rolls-Royce: Jefferies keeps buy rating and 950p target.SSE: Investec maintains buy rating and 1,479p target.Synergy Health: N+1 Brewin downgrades to hold.Tate & Lyle: Jefferies keeps hold rating and 690p target.Ultra Electronics: UBS cuts target from 1,350p to 1,300p, sell rating kept.Yamana Gold: HSBC upgrades to overweight.BC