Wednesday broker round-up UPDATE

API Group: Numis shifts target price from 70p to 67p downgrading to hold.Barclays: Morgan Stanley raises target price from 386p to 400p keeping an overweight rating. Credit Suisse increases target price from 250p to 290p, while leaving its neutral rating unchanged. JP Morgan ups target price from 350p to 375p and retains an overweight rating. Citigroup takes target price from 400p to 450p and stays with its buy recommendation. Exane BNP shifts target price from 380p to 400p and leaves its outperform rating unaltered.Big Yellow Group: Goldman Sachs moves target price from 390p to 422p, while its strong buy recommendation is kept.Catlin Group: Credit Suisse reduces target price from 525p to 495p and downgrades from neutral to underperform.CRH: Goldman Sachs shifts target price from 16p to 16.50p maintaining a neutral rating.Daily Mail and General Trust: Westhouse Securities initiates with a neutral rating.Drax Group: Cantor Fitzgerald (formerly Seymour Pierce) downgrades to sell with a target price of 524p.Dunelm: UBS moves target price from 765p to 795p and downgrades from buy to neutral. Nomura increases target price from 662p to 690p retaining a neutral rating.Huntsworth: Panmure Gordon raises target price from 40p to 60p upgrading from hold to buy.Imagination Technologies Group: Deutsche Bank ups target price from 520p to 600p and reiterates a buy recommendation.IMI: UBS takes target price from 925p to 1000p downgrading from neutral to sell.Oxford Instruments: Numis increases target price from 1380p to 1825p and maintains an add rating.Pennon Group: JP Morgan raises target price from 670p to 695p, but downgrades to neutral.Petrofac: UBS increases target price from 1575p to 1875p upgrading from neutral to buy.Phoenix IT: Panmure Gordon reduces target price from 165p to 149p keeping a hold recommendation. Numis cuts target price from 190p to 142p and downgrades to hold.Sabian Technology Group: Westhouse Securities upgrades from add to buy with a target price of 50p.Severn Trent: JP Morgan cuts target price from 1610p to 1520p, while reiterating a neutral rating.Telecity Group: Numis moves target price from 870p to 1000p and keeps a hold recommendation.Thomas Cook Group: Exane BNP ups target price from 25p to 70p, but downgrades to underperform.United Utilities: JP Morgan revises target price from 705p to 720p retaining a neutral rating.Volex Group: N+1 Singer shifts target price from 90p to 95p and maintains a hold rating.William Hill: Deutsche Bank takes target price from 422p to 436p retaining a buy recommendation.