Tuesday broker round-up

Tue, 24th Apr 2012 09:27

ARM Holdings: Nomura maintains neutral rating and 600p target.Associated British Foods: Nomura keeps buy stance and 1,325p target; Jefferies mains hold recommendation and 1,155p target.Barclays: Investec maintains buy rating and 240p target.BBA Aviation: Jefferies keeps buy rating and 250p target.Carpetright: Merchant Securities reiterates sell rating.FirstGroup: UBS cuts target from 250p to 190p, neutral recommendation unchanged.GlaxoSmithKline: Jefferies keeps buy rating and 1,650p target.Man Group: UBS cuts target from 165p to 140p, buy rating unchanged.Microgen: Investec keeps hold rating and 178p target.Reed Elsevier: Jefferies maintains buy recommendation and 635p target; Nomura keeps buy rating and 700p target; Investec maintains buy rating and 640p target.Stagecoach: UBS upgrades from neutral to buy, 280p target retained.Vectura: Canaccord Genuity keeps buy rating and 114p target.BC