Tuesday broker round-up - UPDATE

17th Jan 2012 09:15

IMI: Exane BNP upgrades to outperform from neutral. Smiths Group: Exane BNP upgrades to outperform from neutral. RBS: Shore Capital upgrades to hold from sell. Oriel reiterates buy.RSA Insurance: UBS labels short-term buy. Resolution: UBS upgrades to buy from neutral.Burberry: Nomura maintains buy rating and 1,530p target; Merchant Securities reiterates buy recommendation; Investec puts 1,310p target under review, buy rating kept. Bank of America-Merrill Lynch stays at neutral.Experian: Nomura keeps buy rating and 910p target.Marks & Spencer: Investec cuts target from 305p to 300p, hold rating retained.Lancashire Holdings: UBS upgrades to buy.Afren: Credit Suisse raises target from 130p to 148p, outperform rating maintained.Greene King: Investec puts 375p target under review, sell rating unchanged; Panmure Gordon reiterates buy and 540p target.Dixons Retail: Investec keeps hold and 10p target; Panmure Gordon maintains buy and 36p target; Credit Suisse maintains outperform rating and 25p target.Betfair: Investec reiterates sell recommendation and 445p target.AB Foods: Investec raises target from 1,100p to 1,180p, maintains hold.Taylor Wimpey: Panmure Gordon reiterates buy and 50p target.SDL: Investec initiates coverage with a buy rating and 832p target; Panmure Gordon raises target from 687p to 693p, keeps hold.St. James's Place: Panmure Gordon reiterates buy and 400p target.Redrow: Panmure Gordon upgrades from hold to buy, target upped from 129p to 130p.Abcam: Investec keeps hold and 349p target.Premier Foods: Investec maintains buy stance and 15p target.Horizonte Minerals: Panmure Gordon cuts target price from 32p to 25p, buy rating unchanged.Range Resources: Panmure Gordon keeps buy rating and 13.8p target.