Wednesday broker round-up

Sky: Jefferies upgrades to Buy with a target price of 1200p.

Next: Jefferies downgrades to Underweight with a target price of 3500p.

Bellway: Peel Hunt upgrades to Add with a target price of 3145p.

Metro Bank: Jefferies reiterates Buy with a target price of 4500p.

Savills: Peel Hunt downgrades to Hold with a target price of 910p.

Reckitt Benckiser: Barclays reiterates Equal Weight with a target price of 7100p.

Severn Trent: HSBC downgrades to Reduce with a target price of 2200p.

BT Group: RBC reiterates Outperform with a target price of 425p.

Centrica: Goldman Sachs reiterates Sell with a target price of 194p.

Pennon Group: HSBC reiterates Buy with a target price of 940p.