Monday broker round-up

GlaxoSmithKline: UBS upgrades to Buy with a target price of 1550p.

National Grid: Credit Suisse upgrades to Neutral with a target price of 860p.

Micro Focus: Deutsche Bank downgrades to Hold with a target price of 2800p.

Polypipe: Barclays initiates at Overweight with a target price of 426p.

British American Tobacco: Investec reiterates Buy with a target price of 5700p.

Ocado: Credit Suisse reiterates Outperform with a target price of 480p.

Patisserie Holdings: Canaccord reiterates Buy with a target price of 405p.

DS Smith: Jefferies reiterates Hold with a target price of 530p.

First Group: Jefferies reiterates Hold with a target price of 120p.