Wednesday broker round-up

Crest Nicholson: Liberum downgrades to hold with a target price of 331p.

Chemring Group: Berenberg reiterates buy with a target price of 221p.

Direct Line: Berenberg reiterates hold with a target price of 360p.

Sophos: Liberum initiates at buy with a target price of 530p.

Flybe: Liberum reiterates hold with a target price of 33p.

Tesco: Barclays reiterates overweight with a target price of 280p.

Merlin Entertainments: Barclays reiterates overweight with a target price of 415p.

Softcat: Jefferies reiterates hold with a target price of 790p.

Kenmare Resources: Canaccord reiterates buy with a target price of 475p.

SEGRO: Numis upgrade to add with a target price of 712p.

Rathbones: Numis reiterates add with a target price of 2,730p.

Standard Chartered: UBS reiterates neutral with a target price of 600p.

HSBC: UBS reiterates neutral with a target price of 650p.