Tuesday broker round-up

17th Jul 2012 08:15

ARM: Citigroup cuts target from 730p to 600p, buy recommendation maintained.AstraZeneca: Bernstein reduces target from 3,037p to 3,002p, market perform rating kept.Beazley: JP Morgan Cazenove raises target from 147p to 155p, neutral rating kept.Bodycote: JP Morgan Cazenove cuts target from 437p to 340p, neutral rating kept.Borders & Southern: Jefferies downgrades from buy to hold , target slashed from 90p to 20p.BT Group: Nomura reiterates buy rating and 260p target.BTG: Jefferies retains hold rating and 410p target; Merchant Securities keeps buy rating and 490p target.easyJet: UBS upgrades from neutral to buy, target lifted from 565p to 650p.Dairy Crest: Jefferies keeps buy recommendation and 370p target.Falkland Oil & Gas: Jefferies reiterates buy rating and 195p target; Merchant Securities keeps buy rating and 402p target.G4S: Bank of America Merrill Lynch downgrades to neutral, target cut from 300p to 280p; Deutsche Bank downgrades to hold, target cut from 309p to 294p; HSBC cuts target from 315p to 290p, overweight rating kept.ITV: Nomura cuts target from 105p to 100p, neutral rating kept.National Grid: Societe Generale cuts target from 673p to 642p, hold rating kept; Morgan Stanley cuts target from 740p to 730p, overweight rating kept.Thomas Cook: UBS cuts target from 21p to 15p, neutral rating kept.Tullow Oil: Credit Suisse cuts target from 1,841p to 1,796p.BC