Monday broker round-up

BP: Morgan Stanley stays at 'underweight' and revises target price from 285.0p to 305.0p.

Shell: Morgan Stanley stays at 'overweight' and revises target price from 1,630.0p to 1,815.0p.

BAE Systems: Morgan Stanley stays at 'overweight'.

Ultra Electronics: Morgan Stanley remains at 'equalweight' and ups target price from 2,215.0p to 2,290.0p.

Meggitt: Morgan Stanley keeps at 'equalweight' and lifts target from 455.0p to 470.0p.

Trainline: Berenberg keeps at 'buy' and raises target rice from 350.0p to 520.0p.

Sumo Group: ShoreCap downgrades from 'buy' to 'hold'.

Travis Perkins: JP Morgan upgrades to 'overweight' with a revised target price of 2,000.0p, up from 1,600.0p.

Beazley: Citi starts at 'buy'.

Hiscox: Citi initiates with 'neutral' recommendation.

Lancashire: Citi starts at 'neutral'.

Fresnillo: RBC upgrades from 'sector perform' to 'outperform' and lifts target from 950.0p to 975.0p.