Monday broker round-up - UPDATE

SAB Miller: Credit Suisse initiates at outperform and with a price target of 2,900p. Lloyds: Nomura downgrades from neutral to reduce, cuts target from 40p to 35p.Royal Bank of Scotland: Nomura downgrades from neutral to reduce, cuts target from 34p to 26p.Barclays: Nomura downgrades from buy to neutral, keeps target at 268p. Oriel Securities reiterates buy.ARM Holdings: UBS cuts target from 630p to 620p, neutral rating unchanged; Nomura keeps neutral rating and 600p target.Old Mutual: UBS raises target from 180p to 190p, buy rating kept.Whitbread: Nomura reiterates buy rating and 1,990p target.ITV: Nomura ups target from 80p to 88p, neutral rating unchanged.TUI Travel: AlphaValue downgrades from buy to add, target left at 229.29p.RSA: Nomura keeps buy rating and 148p target.UBM: Nomura keeps buy rating and 635p target.Telecom Plus: finnCap upgrades from hold to buy, target kept at 760p; Peel Hunt reiterates buy recommendation and 850p target.Fidessa: finnCap reiterates sell rating and 1,400p target; Peel Hunt cuts target from 1,670p to 1,500p, hold rating kept.Dairy Crest: Peel Hunt keeps sell recommendation and 320p target.Entertainment One: Peel Hunt reiterates buy rating and 226p target.RWS Holdings: Peel Hunt maintains buy rating and 500p target.