Anglo American: AlphaValue upgrades from add to buy.Betfair: Panmure Gordon cuts target from 1,000p to 977p, buy rating kept.BHP Billiton: AlphaValue downgrades from add to reduce.Burberry: Morgan Stanley upgrades to overweight, target kept at 1,190p; UBS keeps neutral rating and 1,170p target.Diageo: Nomura keeps buy rating and 2,000p target.easyJet: HSBC raises target from 550p to 600p, neutral rating kept.Halfords: Deutsche Bank ups target from 255p to 300p, hold rating kept; Espirito Santo raises target from 260p to 350p.Hunting: Deutsche Bank initiates coverage with buy rating.Kingfisher: Morgan Stanley downgrades to equal weight, target cut from 325p to 290p.Micro Focus: Merchant Securities changes target to 535p (previously under review), hold rating kept.Mitchells & Butler: Peel Hunt upgrades to buy, target lifted from 250p to 340p.Pearson: Jefferies reiterates hold rating and 1,265p target.Petrofac: Deutsche Bank initiates coverage with hold rating.Promethean World: JPMorgan Cazenove cuts target from 28p to 20p, neutral rating kept.Redrow: Jefferies keeps hold rating and 152p target.Symphony International Holdings: Panmure Gordon cuts target from $1.18 to $1.13, buy rating unchanged.Ted Baker: Panmure Gordon raises target from 975p to 1,093p, buy rating kept.Tesco: Seymour Pierce cuts target from 310p to 290p, reduce rating kept; Espirito Santo cuts target from 335p to 300p, neutral rating kept/Travis Perkins: Panmure Gordon keeps buy rating and 1,200p target.TUI Travel: AlphaValue downgrades from add to reduce.Victrex: HB Markets initiates coverage with hold rating.Whitbread: HSBC raises target from 2,000p to 2,560p, overweight rating kept.Wood Group: Deutsche Bank initiates coverage with hold rating.WS Atkins: Panmure Gordon keeps buy rating and 800p target.Xstrata: AlphaValue upgrades from reduce to add.BC