Wednesday broker round-up UPDATE

9th Jan 2013 09:11

African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral.African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating.AMEC: Goldman Sachs raises target price from 1221p to 1241p and upgrades from neutral to buy.Antofagasta: Deutsche Bank moves target price from 1340p to 1335p, while its hold recommendation remains unchanged.Balfour Beatty: UBS ups target price from 260p to 270p keeping a neutral rating. Bank of America upgrades from neutral to buy with a target price of 320p.BHP Billiton: Deutsche Bank lowers target price from 2370p to 2325p, while maintaining a buy rating.British Sky Broadcasting: Morgan Stanley cuts equalweight from overweight, lowers target to 1,227p from 1,350p. Daily Mail and General Trust: Goldman Sachs reduces target price from 545p to 590p, but keeps its hold recommendation.Debenhams: Investec moves target price from 135p to 130p and keeps a buy recommendation.Derwent London: JP Morgan raises target price from 2300p to 2350p and downgrades from overweight to neutral.DP World: HSBC cuts target price from 850p to 800p, while the neutral rating is kept.Dunelm Group: Deutsche Bank takes target price from 650p to 675p and retains a hold recommendation.Eurasian Natural Resources: Deutsche Bank lowers target price from 569p to 560p, while still recommending to buy.Ferrexpo: Deutsche Bank moves target price from 380p to 390p and still recommends to buy.Fresnillo: Deutsche Bank reduces target price from 1845p to 1800p keeping a buy rating.Galliford Try: Panmure Gordon takes target price from 765p to 770p, while the hold recommendation is kept.GKN: Bank of America raises target price from 240p to 280p and upgrades from neutral to buy.Helical Bar: JP Morgan increases target price from 230p to 260p and downgrades to neutral.Homeserve: UBS raises target price from 200p to 250p, while its neutral rating remains unchanged.Informa: Goldman Sachs raises target price from 504p to 530p and reiterates a buy rating.ITV Morgan Stanley upgrades overweight from equalweight, raises target to 120p from 80p. John Wood Group: Goldman Sachs reduces target price from 940p to 912p and upgrades to buy.Kentz Corporation: Goldman Sachs lowers target price from 533p to 457p and retains a neutral rating.Lloyds Banking Group: UBS increases target price from 50p to 60p and upgrades to buy.LXB Retail Properties: JP Morgan downgrades from overweight to neutral.Marks & Spencer Group: HSBC reduces target price from 450p to 420p maintaining an overweight rating.Meggitt: Bank of America raises target price from 430p to 470p and upgrades from neutral to buy.Morrisons: Investec cuts target price from 260p to 240p retaining its hold rating.Pearson: Goldman Sachs moves target price from 1550p to 1510p, while a buy rating is kept.Persimmon: Deutsche Bank ups target price from 840p to 849p and keeps a hold rating. Petrofac: Goldman Sachs reduces target price from 2080p to 1815p and downgrades from buy to neutral.Quintain Estates Development: JP Morgan upgrades to overweight.Randgold Resources: Deutsche Bank lowers target price from 8140p to 7570p maintaining its buy recommendation.Reed Elsevier: Goldman Sachs ups target price from 670p to 700p and reiterates a neutral rating.Rio Tinto: Deutsche Bank moves target price from 4580p to 4520p keeping its buy recommendation.Robert Walters: Berenberg raises target price from 150p to 175p maintaining its sell recommendation.Sainsbury: Seymour Pierce downgrades from hold to reduce with its target price at 310p.Savills: UBS raises target price from 420p to 490p and reiterates a neutral rating.Segro: Deutsche Bank cuts target price from 330p to 310p, while retaining its buy recommendation.Signet Jewelers: Deutsche Bank reduces target price from 4000p to 3950p keeping a buy rating.Ted Baker: Seymour Pierce raises target price from 950p to 1050p and retains a hold rating. Panmure Gordon ups target price from 1157p to 1182p keeping a hold recommendation.UBM: Goldman Sachs cuts target price from 975p to 910p and downgrades from a strong buy recommendation to buy.Vedanta Resources: Deutsche Bank lowers target price from 1777p to 1515p and maintains a buy recommendation.Wood Group: Goldman Sachs upgrades to buy from neutral, raises target to 940p from 912p.Wolseley: Deutsche Bank moves target price from 3073p to 3197p reiterating its buy recommendation.WPP Group: Morgan Stanley downgrades to equal-weight with a target price at 912p. Goldman Sachs raises target price from 1070p to 1105p still recommending to buy.