Thursday broker round-up

Alliance Pharma: Numis downgrades to add with a target price of 99p.

Inchcape: Deutsche Bank reiterates buy.

WH Smith: Deutsche Bank reiterates hold.

Keller Group: Barclays initiates at overweight with a target price of 1,400p.

Balfour Beatty: Barclays initiates at equal weight with a target price of 310p.

Kier Group: Barclays initiates with an underweight recommendation and a target price of 995p.

Whitbread: Barclays reiterates equal weight with a target price of 4,400.

Merlin: Barclays reiterates overweight with a target price of 400p.

IHG: Barclays stays at equal weight with a target price of 4,500p.

CMC Markets: Shore Capital Markets upgrades to buy.

Renewi: Kepler Cheuvreux initiates hold with a target price of 99p.

Greencore: Kepler Cheuvreux reiterates buy with a target price of 235p.

Marston’s: Numis upgrades to add with a target price of 125p.

On The Beach Group: Numis upgrades to buy with a target price of 663p.

RWS Holdings: Numis upgrades to buy with a target price of 450p.

ITE Group: Canaccord reiterates hold with a target price of 154p.

Serco Group: UBS reiterates buy with a target price of 140p.

Workspace: Berenberg reiterates buy with a target price of 1,250p.

RPC: Berenberg reiterates hold with a target price of 880p.

Plus500: Berenberg reiterates buy with a target price of 1,880p.