Friday broker round-up

ARM Holdings: Jefferies raises target from 466p to 485p, underperform rating kept.Debenhams: UBS raises target from 75p to 80p, neutral recommendation kept; Nomura ups target from 81p to 90p, neutral rating kept.IMI: Investec maintains buy rating, 1,180p target under review.Intermediate Capital: Jefferies initiates coverage with a buy rating and 370p target.Ladbrokes: AlphaValue downgrades from buy to add, target lifted from 193p to 194p.Lloyds: Investec reiterates buy rating and 40p target.Marks & Spencer: Investec downgrades from hold to sell, target cut from 325p to 295p.Meggitt: Investec maintains buy recommendation and 430p target.Rockhopper: Merchant Securities maintains buy stance and 428p target.Rotork: Investec puts 1,900p target under review, hold rating kept.Royal Bank of Scotland: AlphaValue upgrades from reduce to add, target cut from 26.2p to 25.9p.Spectris: Investec raises target from 1,900p to 1,975p, buy rating kept.William Hill: Investec raises target from 285p to 310p, buy rating kept.BC