Tuesday broker round-up

15th May 2012 09:10

Babcock: Investec reiterates buy, puts target under review; Jefferies raises target from 780p to 910p, buy rating kept.BT Group: Espirito Santo upgrades from sell to neutral, lifts target from 180p to 210p. Chariot Oil & Gas: UBS slashes target from 340p to 215p, buy rating unchanged.Drax: Investec maintains hold rating and 498p target.Experian: Credit Suisse downgrades from outperform to neutral.International Consolidated Airlines Group: JP Morgan Cazenove downgrades from overweight to neutral; UBS raises target from 200p to 210p, buy recommendation retained.Kazakhmys: UBS reduces target from 900p to 720p, sell recommendation kept.Lonmin: UBS cuts target from 710p to 700p, sell rating maintained.Man Group: Numis downgrades from hold to sell.Melrose: UBS ups target from 425p to 450p, buy recommendation kept.Morrison: Goldman Sachs upgrades from conviction sell to sell, target cut from 279p to 267p.Royal Bank of Scotland: Morgan Stanley upgrades from underweight to equal weight, target lifted from 27p to 30p.Smiths Group: Investec cuts target from 1,130p to 1,050p, hold rating kept.BC