Monday broker round-up UPDATE

Avacta Group: Numis lowers target price from 2p to 1.6p retaining its buy recommendation.Braemer Shipping Services: Westhouse Securities reinstates with a target price of 545p and a buy recommendation.British Land: Liberum Capital upgrades to buy with a target price of 763p.Catlin Group: Deutsche Bank cuts target price from 564p to 546p and retains a hold recommendation. Canaccord Genuity shifts target price from 555p to 560p reiterating its buy recommendation.Coca-Cola HBC: HSBC reduces target price from 1550p to 1450p maintaining a neutral rating.Drax Group: UBS reduces target price from 800p to 680p and downgrades from buy to neutral.Friends Life: Deutsche Bank lowers target price from 332p to 330p downgrading from buy to hold.International Personal Finance: HSBC cuts target price from 580p to 520p and leaves its neutral rating unchanged.Legal & General: Morgan Stanley shifts target price from 221p to 229p and retains an equal-weight rating.National Express: Nomura lowers target price from 285p to 280p and stays with its neutral rating.Rio Tinto: Canaccord Genuity ups target price from 4145p to 4165p and stays with its buy recommendation.Spirax-Sarco Engineering: Investec downgrades from buy to add with a target price of 2920p.Standard Chartered: Nomura reduces target price from 1580p to 1480p maintaining a buy recommendation.Standard Life: Credit Suisse lowers target price from 425p to 410p retaining an outperform rating.