Thursday broker round-up - UPDATE

Reckitt Benckiser: J.P. Morgan Cazenove downgrades to neutral from overweight.Tesco: Nomura reiterates buy rating and 500p target; Panmure Gordon cuts target from 500p to 440p, buy rating unchanged.Royal Bank of Scotland: Shore Capital reiterates sell.Tesco: Shore Capital downgrades to hold from buy.Sainsbury: Credit Suisse reiterates underweight. HSBC: Bank of America-Merrill Lynch cuts to underperform from neutral. Sainsbury: Nomura keeps neutral rating and 300p target.Morrison: Nomura keeps buy stance and 350p target.British Sky Broadcasting: UBS downgrades from buy to neutral, target cut from 860p to 740p; Investec downgrades from buy to hold, target cut from 760p to 700p.Lloyds: AlphaValue downgrades from buy to add, target raised from 34.5p to 34.8p.WPP: UBS upgrades from neutral to buy, target hiked from 675p to 840p.Micro Focus International: UBS downgrades from buy to neutral, target raised from 430p to 440p.Thomas Cook: AlphaValue upgrades from sell to add, target raised from 6.8p to 17.6p.Home Retail: Investec puts 57p target under review, sell rating maintained; Panmure Gordon keeps sell rating and 60p target.Halfords: Investec cuts target from 355p to 325p, buy rating kept; Panmure Gordon keeps hold and 300p target.FirstGroup: Investec reiterates buy and 380p target.Computacenter: Investec keeps buy and 500p target; Panmure Gordon raises target from 482p to 490p, buy rating unchanged.Ocado: Panmure Gordon reiterates sell and 50p target.JD Sports Fashion" Investec maintains buy and 980p target.Mothercare: Investec puts 125p target under review, sell rating unchanged; Panmure Gordon slashes target from 145p to 88p, sell rating unchanged.Booker: Investec raises target from 80p to 82p, buy rating unchanged.Barratt Developments: Panmure Gordon reiterates buy and 158p target.Associated British Foods: Panmure Gordon keeps buy rating and 1,300p target.Psion: finnCap upgrades from sell to hold, target left at 45p.Telecity: UBS downgrades from buy to neutral, target raised from 665p to 700p.Hutchison China Meditech: UBS reduces target from 540p to 460p, buy rating unchanged.Thorntons:Investec slashes target from 35p to 15p, hold rating kept.