Thursday broker round-up - UPDATE

Hays: Barclays initiates at outperform. Morgan Crucible: Goldman Sachs upgrades to buy from neutral.Hargreaves Lansdown: Citi cuts to neutral from buy.Cairn Energy: Investec keeps hold, target cut from 333p to 291p.Betfair: UBS raises target from 620p to 625p, sell rating unchanged.Logica: Investec keeps hold and 75p target; UBS downgrade from buy to neutral, cuts target from 95p to 64p.Ultra Electronics: UBS downgrades from neutral to sell, target cut from 1,500p to 1,250p.Cable & Wireless Worldwide: UBS cuts target from 26p to 18p, neutral recommendation unchanged.Cobham: UBS cuts target from 245p to 225p, buy rating kept.Innovation Group: Investec reiterates buy and 24p target.Keller Group: Investec reiterates buy an 500p target.Cohort: Investec maintains buy stance and 140p target.Treatt: Investec retains hold rating and 335p target. Keller Capricorn Energy PLC Treatt Team Internet Cohort