Tuesday broker round-up

Antofagasta: Bank of America Merill Lynch upgrades to Buy with a target price of 1050p.

Reckitt Benckiser: Berenberg reiterates Buy with a target price of 8500p.

British American Tobacco: Citigroup reiterates Buy with a target price of 5600p.

Glencore: Deutsche Bank reiterates Hold with a target price of 315p.

Rolls Royce: Jefferies maintains Buy with a target price of 900p.

Rio Tinto: UBS reiterates Buy with a target price of 3750p.

Melrose Industries: UBS reiterates Buy with a target price of 235p.

Drax: JPMorgan upgrades to Overweight with a target price of 420p.

Virgin Money: RBC intitiates coverage on Outperform with a target price of 415p.

RWS Holdings: Numis reiterates Add with a target price of 375p.