Friday broker round-up

SAB Miller: Berenberg reiterates buy and 3,920 price target.IMI: Nomura reiterates reduce stance, lowers target to 1,115p from 1,175p.ITV: Barclays downgrades to equal-weight with 260p target.HSBC: Berenberg reiterates buy and lowers target to 750p from 790p.Hiscox: Canaccord Genuity reiterates hold and bumps up target to 810p from 750p.Talk Talk: Goldman Sachs reiterates buy but lowers target to 495p from 520p.British Land: Goldman Sachs reiterates buy but ups target price to 985p from 975p.Wood Group: Canaccord Genuity downgrades to sell and lowers target to 625p from 650p.Ophir Energy: RBC upgrades to outperform but lowers target to 230p from 240p.ARM Holdings: Exane BNP reiterates outperform and 1,300p target.Pendragon: Berenberg Bank reiterates buy and improves target to 45p from 42p.Old Mutual: Barclays reiterates equal-weight recommendation.