Thursday broker round-up

Ibstock: Jefferies downgrades to hold with a target price of 212p.

Smith & Nephew: Berenberg reiterates buy with a target price of 2,165p.

Stock Spirits: Berenberg reiterates buy with a target price of 238p.

Ncondezi Energy: Canaccord initiates at speculative buy with a target price of 13p.

Beazley: JP Morgan downgrades to neutral with a target price of 425p.

Lancashire Holdings: JP Morgan upgrades to overweight with a target price of 710p.

Hastings Group Holdings: JP Morgan upgrades to overweight with a target price of 210p.

Legal & General: Citigroup reiterates buy with a target price of 242p.

3i Group: Barclays reiterates overweight with a target price of 1,000.

ITV: Barclays reiterates equal weight with a target price of 80p.

Direct Line Insurance Group: Deutsche Bank reiterates buy with a target price of 350p.

National Express Group: Liberum reiterates buy with a target price of 390p.

Hiscox: Barclays upgrades to equal weight with a target price of 903p.

Forterra: Jefferies reiterates buy with a target price of 307p.

Ocado: Jefferies reiterates underweight with a target price of 700p.