Wednesday broker round-up UPDATE

10th Jul 2013 08:59

Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation.Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating.Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.Barratt Developments: Jefferies moves target price from 385p to 435p keeping a buy recommendation.BHP Billiton: Goldman Sachs cuts target price from 2150p to 2050p leaving its neutral rating unchanged.Countrywide: Credit Suisse raises target price from 510p to 700p and maintains an outperform rating.Dechra Pharmaceuticals: Investec reduces target price from 761p to 700p and downgrades from add to hold. Panmure Gordon increases target price from 600p to 850p upgrading from hold to buy.Domino Printing: Goldman Sachs moves target price from 825p to 800p keeping a buy recommendation.Ferrexpo: Deutsche Bank shifts target price from 355p to 360p and leaves its buy recommendation unchanged.First Group: Morgan Stanley lowers target price from 113p to 104p and keeps an equal-weight rating.First Quantum Minerals: Goldman Sachs ups target price from 1225p to 1300p and retains a buy recommendation.Glencore Xstrata: Goldman Sachs reduces taret price from 370p to 260p, while maintaining a neutral rating. UBS cuts target price from 430p to 330p, while staying with its buy recommendation.Greene King: Jefferies increases target price from 625p to 825p and reiterates a hold recommendation.G4S: Panmure Gordon lowers target price from 252p to 240p and keeps a hold recommendation.ICAP: Canaccrd Genuity downgrades from hold to sell with an unchanged target price of 300p.Imagination Technologies Group: Goldman Sachs cuts target price from 410p to 380p, while leaving its buy recommendation unaltered.Interserve: JP Morgan ups target price from 533p to 558p and leaves its overweight rating unchanged.Intertek: Jefferies reduces target price from 2800p to 2750p maintaining an underperform rating.ITV: Morgan Stanley ups target price from 135p to 175p retaining an overweight rating.Kazakhmys: Goldman Sachs lowers target price from 330p to 160p and reiterates its sell recommendation.Kier Group: Liberum Capital ups target price from 1450p to 1500p and stays its buy recommendation.Ladbrokes: Investec shifts target price from 230p to 220p downgrading from buy to hold.Lonmin: Investec reduces target price from 279p to 254p and keeps a hold recommendation.Micro Focus: Barclays downgrades from overweight to equal-weight with a target price of 800p.Morrison (WM): Exane ups target price from 260p to 280p upgrading to neutral.Oxford Instruments: Goldman Sachs cuts target price from 2100p to 1850p, while keeping its buy recommendation.Premier Foods: Citi revises target price from 125p to 80p and leaves its neutral rating unaltered. UBS shifts target price from 70p to 60p leaving its sell recommendation unaltered.Renishaw: Goldman Sachs reduces target price from 2150p to 1850p, while its buy recommendation is reiterated.Rio Tinto: Goldman Sachs revises target price from 2715p to 2500p and retains its strong sell recommendation. JP Morgan cuts target price from 4520p to 4240p keeping an overweight rating.Rotork: Goldman Sachs takes target price from 3150p to 3050p staying with its neutral rating.SIG: Jefferies moves target price from 190p to 180p and downgrades from buy to hold. Liberum Capital raises target price from 120p to 158p keeping a hold recommendation. Deutsche Bank increases target price from 135p to 153p and maintains a hold recommendation.Spectris: Goldman Sachs cuts target price from 2850p to 2750p, while still recommending strong buying.Spirent Communications: Barclays reduces target price from 175p to 165p keeping an overweight rating.Tesco: Exane ups target price from 365p to 385p upgrading to outperform.Vedanta Resources: Goldman Sachs lowers target price from 1415p to 1400p, while its buy recommendation is kept.Whitbread: JP Morgan raises target price from 3300p to 3400p reiterating an overweight rating.William Hill: Investec moves target price from 500p to 515p and maintains its buy recommendation. Canaccord Genuity increases target price from 400p to 438p staying with its hold recommendation.