Tuesday broker round-up

Vodafone: HSBC reiterates buy with a target price of 280p.

Melrose: UBS upgrades to buy, 200p target.

Marks & Spencer: Deutsche Bank keeps at hold with a 350p target.

Shire: Berenberg reiterates buy with a 5800p target.

Next: Deutsche Bank keeps at buy with a 5950p target.

Lloyds: Goldman Sachs keeps at sell with a target price of 50p.

Easyjet: UBS reiterates neutral with a target price of 1070p.

Royal Dutch Shell: Jefferies stays at buy with a 2050p target.

Smurfit Kappa: Jefferies downgrades to hold with a target of 1915p.

Dixons: HSBC maintains buy with a 440p target.

Gemfields: Macquarie keeps at outperform with a 90p target.

Ds Smith: Jefferies reiterates hold with a 420p target.