Wednesday broker round-up UPDATE

ASOS: Berenberg reduces target price from 5350p to 3785p, while its buy recommendation is kept.Babcock International: Citi reduces target price from 1320p to 1280p and retains a neutral rating.Cobham: UBS raises target price from 290p to 315p and keeps a neutral rating.Dechra Pharmaceuticals: Investec increases target price from 787p to 842p and maintains its buy recommendation.Fenner: JP Morgan cuts target price from 405p to 355p and retains a neutral rating.Premier Foods: Goldman Sachs ups target price from 75p to 90p and upgrades to buy.Pure Circle: Numis ups target price from 555p to 600p and upgrades from hold to buy.Ted Baker: Oriel downgrades from buy to add with a target price of 2200p.Whitbread: Exane initiates with a target price of 5000p and an outperform rating. Babcock Premier Foods Whitbread ASOS