Wednesday broker round-up UPDATE

18th Dec 2013 08:44

Berendsen: Panmure Gordon raises target price from 761p to 917p, while retaining its hold recommendation.British American Tabacco: Nomura cuts target price from 3840p to 3720p, while staying with its buy recommendation.bwin.party: Daniel Stewart reduces target price from 173p to 146p, while its buy recommendation remains unchanged.Cadogan Petroleum: Cantor Fitzgerald initiates with a target price of 51p and a buy recommendation.Domino Printing Sciences: Goldman Sachs moves target price from 800p to 810p and keeps a neutral rating.GlaxoSmithKline: Alphavalue moves target price from 1456.5p to 1461.6p upgrading from sell to reduce.Informa: Alphavalue shifts target price from 569.5p to 571.4p and upgrades from reduce to add.Interbulk Group: Westhouse Securities shapes target price from 8.5p to 7.8p, while staying with its add rating.ITE: Westhouse Securities ups target price from 300p to 320p and leaves its neutral rating unaltered.Kentz: Canaccord Genuity raises target price from 600p to 700p maintaining a buy recommendation.Merlin Entertainment: Barclays initiates with a target price of 390p and an overweight rating.Mondi: Goldman Sachs reduces target price from 1356p to 1242p and retains a neutral rating. Bank of America raises target price from 1084p to 1168p and upgrades from neutral to buy.Oxford Instruments: UBS increases target price from 1600p to 1850p and reiterates its buy recommendation.Petropavlovsk: Canaccord Genuity reduces target price from 190p to 90p, while staying with its buy recommendation.Rexam: Bank of America lowers target price from 590p to 580p and maintains a buy recommendation.Sainsbury: Cantor Fitzgerald cuts target price from 425p to 410p, while leaving its hold recommendation unchanged.Smith (DS): Goldman Sachs shifts target price from 332p to 335p and maintains a neutral rating. Bank of America ups target price from 320p to 340p, while downgrading from buy to neutral.Xchanging: Investec restarts coverage with a target price of 210p and a buy recommendation.