Thursday broker round-up

Burberry: Berenberg downgrades to hold with a target price of 1,920p.

Pearson: Berenberg reiterates sell with a target price of 550p.

Softcat: Berenberg reiterates buy with a target price of 900p.

Sainsbury’s: HSBC reiterates reduce with a target price of 230p.

Ted Baker: HSBC upgrades to buy with a target price of 2,215p.

IMI: Peel Hunt reiterates add with a target price of 1,100p.

Rathbone Brothers: Peel Hunt reiterates buy with a target price of 2,900p.

Polar Capital Holdings: Peel Hunt reiterates buy with a target price of 640p.

Victrex: Liberum reiterates buy with a target price of 2,700p.

Avast: JP Morgan initiates at neutral with a target price of 310p.

Abcam: JP Morgan reiterates neutral with a target price of 1,206p.

Serco: JP Morgan reiterates neutral with a target price of 115p.

Jupiter Fund Management: Shore Capital Markets upgrades to buy.

Mitchells & Butlers: Liberum upgrades to hold with a target price of 270p.

Mattioli Woods: Canaccord reiterates buy with a target price of 730p.

Direct Line: Numis downgrades to reduce with a target price of 285p.

Centamin: Numis downgrades to add with a target price of 130p.