Friday broker round-up

Balfour Beatty: Credit Suisse downgrades to neutral, target cut from 361p to 275p; Citi downgrades to neutral, target cut from 372p to 270p.Big Yellow: Citi downgrades to neutral, target lifted from 330p to 360p.Dairy Crest: JPMorgan Cazenove initiates coverage with overweight rating and 404p target.Informa: Westhouse Securities upgrades to buy, 470p target kept.ITE Group: Westhouse Securities upgrades to buy, 245p target kept.Michael Page International: UBS upgrades to buy, target lifted from 400p to 450p.Morrison: HB Markets initiates coverage with sell rating.Next Fifteen: Westhouse Securities upgrades to buy, 128p target kept.Pennon: HSBC upgrades to overweight, target cut from 830p to 820p.Randgold Resources: Nomura cuts target from 7,400p to 7,075p, reduce rating kept.Rentokil: Seymour Pierce downgrades to reduce, 80p target kept.Sage: Investec downgrades to sell, target raised from 243p to 270p.Sefton Resources: Northland Capital downgrades to sell.Spirent Communications: N+1 Singer upgrades to buy, 165p target kept.SuperGroup: HB Markets initiates coverage with buy rating.Xchanging: Seymour Pierce upgrades to hold, 100p target kept. Balfour Beatty Sage Group Rentokil Initial Pennon Big Yellow