Friday broker round-up

Afren: Westhouse cuts target price from 110p to 90p and retains its 'neutral' rating.

Amlin: Deutsche Bank cuts target price from 461p to 429p, downgrading to 'sell'.

BAE Systems: UBS ups target price from 505p to 540p and maintains a 'buy' recommendation.

Begbies Traynor: Canaccord lowers target price from 54p to 51p, while upgrading to 'buy'.

BowLeven: Westhouse lowers target price from 116p to 109p, keeping a 'buy' recommendation.

Catlin Group: Deutsche Bank raises target price from 546p to 585p and upgrades to 'buy'.

Chariot Oil & Gas: Westhouse upgrades to 'neutral' with a target price of 13p.

Circle Oil: Westhouse lowers target price from 37p to 31p and maintains a 'buy' recommendation.

Eland Oil & Gas: Westhouse cuts target price from 123p to 118p, while upgrading to 'buy'.

Electrocomponents: Credit Suisse lowers target price from 240p to 233p and downgrades to 'sell'.

EnQuest: Westhouse lowers target price from 138p to 120p, while upgrading to 'buy'.

Euromoney: UBS reduces target price from 1475p to 1400p and retains its 'buy' recommendation.

Falkland Oil & Gas: Westhouse lowers target price from 32p to 31p, not changing its 'neutral' rating.

Hill & Smith: Panmure Gordon initiates with a target price of 673p and a 'buy' recommendation.

Hiscox: Deutsche Bank ups target price from 646p to 667p, staying with its 'hold' recommendation.

Igas Energy: Westhouse cuts target price from 174p to 164p and keeps a 'buy' recommendation.

Indus Gas: Westhouse reduces target price from 588p to 335p and stays with its 'neutral' rating.

Investec: Deutsche Bank cuts target price from 590p to 570p and reiterates its 'buy' recommendation.

Ithaca Energy: Westhouse cuts target price from 190p to 170p, leaving its 'buy' recommendation unchanged.

Johnson Matthey: Deutsche Bank increases target price from 3650p to 3850p and keeps its 'buy' recommendation.

Lancashire: Deutsche Bank reduces target price from 724p to 665p and downgrades to 'hold'.

Lekoil: Westhouse lowers target price from 86p to 83p, keeping a 'buy' recommendation.

Ophier Energy: Westhouse cuts target price from 245p to 222p, downgrading to 'neutral'.

Paragon Group: UBS raises target price from 374p to 410p and upgrades from 'neutral' to 'buy'.

Parkmead Group: Westhouse cuts target price from 400p to 370p and stays with its 'buy' recommendation.

Petroceltic: Westhouse cuts target price from 240p to 223p and maintains a 'neutral' rating.

Premier Farnell: Credit Suisse reduces target price from 225p to 160p and reiterates a 'neutral' rating.

Premier Oil: Westhouse lowers target price from 320p to 310p, while upgrading to 'add'.

Rockhopper Exploration: Westhouse cuts target price from 300p to 279p and reiterates its 'buy' recommendation. Liberum cuts target price from 236p to 214p and stays with its 'buy' recommendation.

Royal Mail: Credit Suisse shifts target price from 377p to 380p and maintains an 'underperform' rating.

Serco Group: Credit Suisse reduces target price from 325p to 142p and downgrades to 'underperform'.

Sirius Petroleum: Westhouse lowers target price from 5p to 4p, maintaining its 'buy' recommendation.

Sound Oil: Westhouse lowers target price from 14p to 13p and keeps an 'add' rating.

Sterling Energy: Westhouse lowers target price from 35p to 31p and keeps a 'neutral' rating.

Talk Talk Telecom: Berenberg lowers target price from 240p to 233p, downgrading from 'hold' to 'sell'.

Telecom Plus: Deutsche Bank reduces target price from 2000p to 1880p and reiterates a 'buy' recommendation.