Monday broker round-up

Lloyds: Investec downgrades to sell with 84p target.

RBS: Investec reiterates buy with a 395p target price and Berenberg sell with a 250p target.

Babcock International: Deutsche Bank reiterates buy and 1,150p target.

Marks&Spencer: Deutsche Bank reiterates buy.

Coca Cola HBC: Nomura reiterates reduce but lifts target to 1,100p from 1,000p. Deutsche and Numis downgrade to hold and reduce, respectively.

Royal Dutch Shell B: Nomura reiterates buy and shaves target price to 2,100p from 2,200p.

Vodafone: Credit Agricole reiterates outperform with 250p target.

Bwin Party Digital Entertainment: Exane BNP upgrades to neutral with a 95p target, Canaccord Genuity raises to buy and takes target to 115p from 92p.

Microgen: Westhouse Securities improves target to 145p from 135p and reiterates add.

BHP BIlliton: Credit Suisse reiterates underperform and trims target to 1,350p from 1,400p.

Drax: Credit Suisse reiterates outperform and lifts target to 460p from 430p.