Wednesday broker round-up

Centrica: Morgan Stanley downgrades to underweight with a target price of 115p.

Arrow Global Group: Berenberg initiates at sell with a target price of 280p.

Evraz: Goldman Sachs downgrades to neutral with a target price of 550p.

BT Group: Bernstein downgrades to market perform with a target price of 215p.

Esure Group: Deutsche Bank upgrades to buy with a target price of 290p.

Pennon Group: Deutsche Bank reiterates buy.

Severn Trent: Deutsche Bank reiterates hold.

United Utilities: Deutsche Bank reiterates buy.

Next: Citigroup reiterates sell with a target price of 4,500p.

Lonmin: Citigroup reiterates sell.

Hargreaves Lansdown: Barclays reiterates overweight with a target price of 2,100p.

EasyJet: Barclays reiterates equal weight with a target price of 1,610p.

BBA Aviation: Barclays reiterates overweight with a target price of 382p.

Vodafone: Barclays reiterates overweight with a target price of 260p.

BHP Billiton: JP Morgan reiterates neutral with a target price of 1.650p.

BTG: JP Morgan reiterates neutral with a target price of 650p.

Brewin Dolphin: Canaccord reiterates hold with a target price of 365p.

Playtech: Canaccord reiterates buy with a target price of 1,050p.

French Connection Group: Numis downgrades to add with a target price of 70p.

Ceres Power Holdings: Berenberg reiterates buy with a target price of 20p.

Dalata Hotel Group: Berenberg reiterates buy with a target price of 660p.