Wednesday broker round-up UPDATE

Amec: JP Morgan reduces target price from 1301p to 1243p and stays with its neutral rating.Amlin: UBS ups target price from 400p to 450p upgrading from neutral to buy.BAE Systems: UBS takes target price from 450p to 490p and maintains a buy recommendation.BHP Billiton: Alphavalue shifts target price from 2016.10p to 2020.90p upgrading from reduce to add.Brown (N) Group: UBS increases target price from 445p to 565p and retains a neutral rating.Carnival: UBS cuts target price from 2400p to 2200p reiterating its neutral rating. Morgan Stanley downgrades to underweight with a target price of 2000p. Numis downgrades to hold with a target price of 2250p.Clinigen: Investec places both its target price (prev.: 313p) and its hold recommendation unchanged.Close Brothers: UBS raises target price from 1050p to 1250p and maintains a neutral rating. JP Morgan ups target price from 1134p to 1212p keeping an overweight rating. Numis raises target price from 875p to 1015p, while downgrading to reduce.Daily Mail & General Trust: Westhouse Securities increases target price from 695p to 744p, while its neutral rating remains unaltered. Canaccord Genuity ups target price from 721p to 751p and keeps its hold recommendation.Dialight: N+1 Singer reduces target price from 1617p to 1370p with a buy recommendation.Entertainment One: Investec takes target price from 225p to 270p and stays with its buy recommendation.GKN: UBS takes target price from 350p to 400p and stays with its buy recommendation. Credit Suisse increases target price from 355p to 395p and reiterates its outperform rating.Greencore Group: Numis upgrades from hold to add.ICAP: Numis downgrades to sell with a target price of 292p.Menzies (John): JP Morgan takes target price from 852p to 884p and keeps an overweight rating.Millennium & Copthorne: Exane raises target price from 510p to 530p, while downgrading from neutral to underperform.Punch Taverns: Numis downgrades from buy to hold with a target price of 15p. Panmure Gordon downgrades from hold to sell with a target price of 7p.PZ Cussons: Panmure Gordon takes target price from 430p to 445p and keeps a buy recommendation.Smith & Nephew: Credit Suisse moves target price from 750p to 775p, while its neutral rating is kept.Smith News: JP Morgan takes target price from 213p to 236p retaining an overweight rating.Smiths Group: UBS ups target price from 1400p to 1450p, while downgrading from buy to neutral. Investec increases target price from 1590p to 1640p and keeps a buy recommendation.SSE: Credit Suisse raises target price from 1650p to 1700p and leaves its outperform rating unchanged.STV Group: Liberum Capital moves target price from 360p to 370p retaining its buy recommendation.Telecity Group: Jefferies upgrades to buy with a target price of 1020p.Tesco: JP Morgan cuts target price from 390p to 350p and downgrades from neutral to underweight.UK Mail Group: Investec ups target price from 600p to 630p reiterating a buy recommendation.Zambeef: Panmure Gordon reduces target price from 55p to 38p downgrading from buy to hold.