Thursday broker round-up UPDATE

30th May 2013 08:19

AMEC: Morgan Stanley reduces target price from 1220p to 1100p and retains an underweight rating.Amlin: JP Morgan takes target price from 360p to 400p maintaining an underweight rating.Brewin Dolphin: Canaccord Genuity raises target price from 230p to 285p and reiterates a buy recommendation.Cairn Energy: Societe Generale ups target price from 280p to 300p retaining a hold recommendation.Carnival: Exane downgrades to underperform with a target price of 2200p.Daily Mail & General Trust: Panmure Gordon raises target price from 95p to 1010p and retains a buy recommendation.Dairy Crest: UBS moves target price from 450p to 475p, while staying with its neutral rating.De La Rue: JP Morgan cuts target price from 1170p to 1135p and keeps an overweight rating.Dixons Retail: UBS ups target price from 28p to 43p and retains a neutral rating.Eland Oil & Gas: Northland Capital lowers target price from 171p to 161p keeping a buy recommendation.Falcon Oil & Gas: Cantor Fitzgerald initiates with a target price of 22p and a buy recommendation.GKN: Goldman Sachs raises target price from 268p to 322p, while leaving its neutral rating unchanged.GlaxoSmithKline: JP Morgan increases target price from 1550p to 1910p, but keeps an underweight rating. Societe Generale noves target price from 1900p to 2000p and stays with its buy recommendation.Grainger: Jefferies shifts target price from 162p to 176p keeping a buy recommendation.G4S: Deutsche Bank reduces target price from 294p to 250p and leaves its hold recommendation unchanged.Hiscox: JP Morgan shifts target price from 553p to 560p maintaining a neutral rating.ICAP: UBS increases target pruice from 305p to 340p and upgrades from sell to neutral.John Wood Group: Morgan Stanley lowers target price from 1065p to 1040p, while upgrading to overweight.Kenmare Resources: Canaccord Genuity shifts target price from 38p to 39p and leaves its buy recommendation unchanged.Lloyds Banking Group: Morgan Stanley increases target price from 54p to 70p reiterating an equal-weight rating.Marks & Spencer: UBS raises target price from 400p to 530p staying with its buy recommendation. Panmure Gordon takes target price from 471p to 516p and reiterates a buy recommendation.Petrofac: Morgan Stanley cuts target price from 1900p to 1700p maintaining an overweight rating.Renold: N+1 Singer shifts target price from 20p to 24p and reiterates a hold recommendation.SQS Software Quality Systems: Canaccord Genuity takes target price from 304p to 380p maintaining a buy recommendation.Tate & Lyle: Investec places its target price (prev.: 860p) under review, while keeping its hold recommendation. Panmure Gordon downgrades from hold to sell with a target price of 750p.Tesco: JP Morgan reduces target price from 425p to 390p and downgrades from overweight to neutral.Topps Tiles: Espirito Santo lowers target price from 80p to 75p, while keeping a buy recommendation.Tullett Prebon: UBS takes target price from 250p to 280p upgrading from sell to neutral.Tullow Oil: Credit Suisse cuts target price from 1289p to 1270p, while maintaining a neutral rating.Victrex: UBS ups target price from 1540p to 1590p, but still recommends selling.