Thursday broker round-up - UPDATE

18th Oct 2012 09:24

Ashtead: UBS raises target from 375p to 400p, buy rating kept.ASOS: Panmure Gordon keeps buy rating and 2,530p target.AZ Electronic Materials: Goldman Sachs upgrades to conviction buy.Booker: Panmure Gordon keeps buy rating and 108p target.Britvic: Panmure Gordon keeps hold rating and 380p target.Caretech: Panmure Gordon keeps buy rating and 230p target.CRH: Davy Research upgrades to outperform.CVS: Panmure Gordon raises target from 160p to 188p, buy rating unchanged.Ferrexpo: Seymour Pierce keeps buy rating and 464p target.First Derivatives: Merchant Securities reiterates buy rating and 605p target.Go-Ahead: Jefferies keeps hold rating and 1,220p target; Panmure Gordon keeps hold rating and 1,250p target.Hays: Espirito Santo initiates coverage with neutral rating.Informa: Jefferies keeps buy rating and 474p target.Interserve: Panmure Gordon puts 185p target under review, sell rating kept.Jardine Lloyd Thompson: Panmure Goron cuts target from 775p to 760p, hold rating kept.Ladbrokes: Davy Research downgrades to neutral; Panmure Gordon keeps buy rating and 195p target.Lloyds: Investec downgrades from hold to sell, 36p target kept.Michael Page: Espirito Santo initiates coverage with neutral rating.Mothercare: Seymour Pierce keeps sell rating, 145p target under review; Panmure Gordon raises target from 149p to 172p, sell rating kept.Petrel Resources: Northland Capitals initiates coverage with buy rating.Rexam: Seymour Pierce keeps hold rating and 440p target.Royal Dutch Shell: Goldman Sachs downgrades to sell, target cut from 2,840p to 2,260p.SABMiller: Shore Capital downgrades to hold; Jefferies keeps buy rating and 2,990p target.Spirent Communications: Panmure Gordon keeps buy rating and 188p target.SThree: Espirito Santo initiates coverage with buy rating.Thomas Cook: AlphaValue downgrades to add.William Hill: Morgan Stanley upgrades to equal weight, target raised from 260p to 375p.Workspace: Seymour Pierce ups target from 270p to 330p, buy rating kept.Xchanging: Panmure Gordon upgrades from sell to hold, target lifted from 75p to 115p.BC