Friday broker round-up - UPDATE

Pennon: Deutsche Bank upgrades to buy from hold.Capita: Peel Hunt reiterates buy and 850p target.Capita: Investec slashes target to 630p from 725p, hold maintained.Chemring: finnCap downgrades from buy to hold, target slashes from 780p to 480p.ICAP: UBS cuts target from 380p to 328p, sell rating unchanged.Diageo: Nomura maintains neutral stance and 1,320p target.Vodafone: Investec reiterates buy and 230p target.Standard Chartered: Evolution Securities keeps neutral rating and 1,800p target.Tullow Oil: Evolution Securities reiterates buy rating.Hamworthy: Evolution Securities downgrades from add to reduce, ups target from 750p to 825p.Homeserve: Charles Stanley cuts target from 505p to 290p, hold rating kept.Daily Mail & General Trust: Credit Suisse cuts target from 575p to 500p, outperform rating unchanged.Glencore: Credit Suisse reiterates outperform recommendation and 550p target.Bunzl: UBS raises target from 860p to 940p, buy rating unchanged.Close Brothers: UBS cuts target from 730p to 690p, neutral rating kept.De La Rue: UBS raises target from 840p to 950p, neutral rating maintained.Paragon: UBS increases target slightly from 225p to 229p, buy recommendation unchanged.Euromoney Institutional Investor: Peel Hunt cuts target from 850p to 800p, still a buy.Speedy Hire: UBS cuts target from 26p to 23p, neutral rating kept.Wincanton: Charles Stanley downgrades from buy to hold, target slashed from 150p to 70p.Hasgrove: Peel Hunt downgrades from buy to hold, target cut from 75p to 25p. Tullow Oil Capita Standard Chartered Diageo Vodafone Bunzl Chemring Speedy Hire