Friday broker round-up -UPDATE

Ashmore: HSBC downgrades to underperform from neutral. Schroders: Citi downgrades to sell from neutral.Barclays: AlphaValue downgrades to reduce from add and lowers target to 243.9p from 283.4p.Tesco: Nomura reduces target from 500p to 430p, buy rating unchanged.InterContinental Hotels: UBS raises target from 1,050p to 1,100p, sell rating unchanged.Kingfisher: Nomura cuts target from 320p to 315p, buy rating retained.Reed Elsevier: Nomura raises target from 668p to 700p, buy rating retained.Barratt Developments: Panmure Gordon reiterates buy rating and 158p target.African Barrick Gold: Nomura cuts target from 770p to 685p, buy rating unchanged. Cable & Wireless Worldwide: Nomura cuts target from 55p to 35p, neutral rating kept.Debenhams: Panmure Gordon raises target from 60p to 67p, hold rating retained.Galliford Try: Panmure Gordon keeps buy rating and 581p target.Genus: Panmure Gordon ups target from 1,070p to 1,225p, buy rating unchanged.Ladbrokes: Panmure Gordon lifts target from 107p to 118p, sell rating kept.Devro: Panmure Gordon reiterates buy recommendation and 320p target. Tesco Barclays Kingfisher InterContinental Hotels Schroders Relx Genus Galliford Try Ashmore Group