Tuesday broker round-up

HSBC: Macquarie downgrades to underperform and lowers target to 520p from 600p.StanChart: Macquarie downgrades to underperform and lowers target to 850p from 950p.easyJet: Panmure Gordon reiterates buy with 2,000p target, Numis stays at buy with 2,100p target.Mitchells&Butlers: JP Morgan Cazenove reiterates neutral and improves target to 450p from 430p.Lonmin: Exane BNP reiterates neutral and 127p target.BG Group: UBS reiterates buy and 1,332p target.Thomas Cook: Credit Suisse ups to outperform alongside 180p target.SDL: Panmure Gordon keeps at buy with 496p target.Royal Mail: JP Morgan reiterates neutral with 535p target.TUI: Credit Suisse reiterates outperform and 1,320p target.