Wednesday broker round-up - UPDATE

30th Jan 2013 07:03

Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating.Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged.Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades to neutral.ARM Holdings: Numis raises target price from 750p to 820p, while downgrading to hold.Avocet Mining: JP Morgan cuts target price from 100p to 65p, while the neutral rating is retained.BHP Billiton: Deutsche Bank ups target price from 2335p to 2380p and leaves its buy rating unaltered.British Land: Jefferies lowers target price from 551p to 538p and maintains a hold recommendation.Bunzl: Numis increases target price from 1248p to 1505p retaining a buy recommendation.Cable & Wireless Communications: Nomura shifts target price from 40p to 42p and keeps a reduce rating.Capital & Counties Properties: Jefferies cuts target price from 241p to 235p, while reiterating a hold recommendation.CRH: HSBC cuts to underweight with a target price of 15p.Croda International: Credit Suisse ups target price from 2100p to 2500p and maintains a neutral rating.Debenhams: JP Morgan lowers target price from 144p to 137p, while reiterating an overweight rating.DP World: HSBC revises target price from 800p to 865p keeping a neutral rating.Electrocomponents: Credit Suisse raises target price from 210p to 280p upgrading to outperform.Ferrexpo: JP Morgan takes price target from 230p to 269p and stays with an underweight rating.Gem Diamonds: Panmure Gordon ups target price from 86p to 104p and upgrades to hold. JP Morgan lowers target price from 199p to 193p keeping an overweight rating.Grainger: Jefferies increases target price from 127p to 148p and retains a buy recommendation.Hammerson: Jefferies lowers target price from 499p to 476p, while its hold rating is kept.Hays: Credit Suisse takes target price from 85p to 95p reiterating its neutral rating.Hornby: Numis shifts target price from 60p to 80p and stays with its hold recommendation.Imagination Technologies: Morgan Stanley moves target price from 450p to 570p upgrading from equal-weight to overweight.Inchcape: Bank of America ups target price from 450p to 520p, while its buy recommendation is maintained.Kenmare Resources: JP Morgan shifts target price from 40p to 34p and retains a neutral rating.Land Securities: Jefferies reduces target price from 831p to 788p, while the hold rating is reiterated.London Metric Property: JP Morgan initiates with a target price of 125p and an overweight rating.Michael Page: Credit Suisse raises target price from 335p to 375p and keeps an underperform rating.New World Resources: JP Morgan cuts target price from 210p to 150p maintaining an underweight rating.Petrovavlovsk: JP Morgan lowers target price from 569p to 525p, while its overweight rating remains unchanged.Premier Farnell: Credit Suisse moves target price from 195p to 240p and upgrades to outperform.PZ Cussons: JP Morgan ups target price from 310p to 370p and reiterates a neutral rating. Investec takes target price from 335p to 380p maintaining a hold recommendation.Renishaw: Numis increases target price from 1385p to 2000p keeping a hold recommendation.Rio Tinto: Deutsche Bank raises target price from 4400p to 4680p staying with a buy recommendation.SThree: Credit Suisse revises target price from 260p to 350p upgrading to neutral.Talvivaara Mining: JP Morgan reduces target price from 134p to 88p and downgrades to underweight.Travis Perkins: Seymour Pierce increases target price from 1150p to 1350p and leaves its buy recommendation unchanged. Panmure Gordon takes target price from 1200p to 1350p maintaining a buy rating.William Hill: Peel Hunt moves target price from 332p to 374p keeping a hold rating.Workspace Group: Jefferies ups target price from 287p to 317 and maintains a hold recommendation.WPP Group: Jefferies raises target price from 800p to 1150p and upgrades from hold to buy.Xcite Energy: Merchant Securities shifts its target price modestly from 167.80p to 167p and stays with a buy recommendation.