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Tuesday broker round-up - UPDATE

Tue, 03rd Jul 2012 08:11
Anite: Jefferies reiterates buy rating and 155p target; Investec puts target under review, buy rating kept.Avocet Mining: Nomura slashes target from 220p to 120p, neutral rating kept.Barclays: Investec maintains buy rating and 240p target.BG Group: Deutsche Bank reduces target from 1,800p to 1,700p, buy rating kept.BP: Deutsche Bank cuts target from 525p to 500p, buy rating unchanged.BTG: Merchant Securities initiates coverage with buy rating and 490p target.Burberry: Nomura keeps buy rating and 1,530p target.Chemring: UBS cuts target from 450p to 400p, buy rating kept.Greene King: Jefferies ups target from 480p to 575p, hold rating kept.Heritage Oil: Investec slashes target from 275p to 197p, hold rating kept.Man Group: Credit Suisse downgrades to neutral, target cut from 130p to 88p.Meggitt: UBS raises tagged from 415p to 440p, buy recommendation unchanged.Morrison: Panmure Gordon downgrades from hold to sell, target cut from 260p to 240p.N Brown: Investec reiterates buy rating and 275p target; Jefferies keeps buy recommendation and 280p target; Panmure Gordon upgrades from hold to buy, target lifted from 256p to 285p.Petrofac: Liberum Capital upgrades to buy, target cut from 1,822p to 1,740p.Reed Elsevier: Liberum Capital initiates coverage with buy rating and 650p target.Regus: UBS cuts target from 95p to 80p, sell rating maintained.SOCO International: UBS ups target from 300p to 315p, neutral rating kept.Standard Life: Exane BNP Paribas raises target from 266p to 288p, outperform rating kept.BC

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