Royal Bank of Scotland: Evolution Securities cuts target from 40p to 35p, buy rating unchanged.Marks & Spencer: Investec downgrades from buy to hold.Next: Investec upgrades from hold to buy.Kingfisher: Investec reiterates hold, target cut from 245p to 235p.Cairn Energy: UBS cuts target from 360p to 355p, buy rating unchanged.Reckitt Benckiser: Nomura keeps buy recommendation and 3,900p target.Vodafone: Nomura reiterates neutral rating and 220p target.Debenhams: Investec downgrades from buy to hold.KESA Electricals: Investec downgrades from hold to sell.Mothercare: Investec downgrades from hold to sell.Howden Joinery: Investec downgrades from hold to sell.BTG: Panmure Gordon raises target from 318p to 328p, hold rating unchanged.Game Group: Investec downgrades from buy to hold.Stagecoach: Nomura maintains buy and 278p target.May Gurney: Investec raises target from 300p to 320p, buy rating unchanged.Mears: Panmure Gordon cuts target from 280 to 250p, hold rating unchanged.Max Petroleum: Merchant Securities ups target from 33.7p to 35.2p, buy rating kept.