Wednesday broker round-up UPDATE

AMEC: Credit Suisse reduces target price from 1150p to 1070p and leaves its neutral rating unaltered.

Anglo American: Morgan Stanley ups target price from 1440p to 1500p and maintains an underweight rating.

Bellway: Liberum Capital raises target price from 1764p to 1990p staying with its buy recommendation.

BG Group: Barclays cuts target price from 1350p to 1300p and maintains an equal-weight rating.

BHP Billiton: Deutsche Bank reduces target price from 2500p to 2400p keeping a buy recommendation.

Crest Nicholson: JP Morgan initiates with a target price of 400p and an overweight rating.

Drax Group: Deutsche Bank cuts target price from 700p to 650p leaving its hold recommendation unchanged.

Imagination Technologies: Jefferies cuts target price from 300p to 242p and keeps a buy recommendation.

Infinis: Deutsche Bank lowers target price from 240p to 230p retaining a hold recommendation.

Lloyds Banking Group: Deutsche Bank shifts target price from 95p to 97p and maintains its buy recommendation.

Matomy Media: Canaccord Genuity moves target price from 291p to 302p retaining a buy recommendation.

Next: Cantor Fitzgerald reduces target price from 7400p to 7100p leaving its buy recommendation unchanged. Investec reduces target price from 7000p to 6800p staying with its hold recommendation.

Oxford BioMedica: N+1 Singer shifts target price from 3.3p to 6.9p and retains its buy recommendation.

Petrofac: Liberum Capital reduces target price from 1112p to 1031p reiterating a hold recommendation. Credit Suisse reduces target price from 1340p to 1250p staying with its outperform rating.

Playtech: Nomura ups target price from 830p to 854p and retains a buy recommendation.

Plexus: Numis cuts target price from 372p to 350p and keeps its buy recommendation.

Rolls Royce: Espirito Santo reduces target price from 1250p to 920p and keeps a buy recommendation.

Royal Mail: Credit Suisse moves target price from 360p to 377p and reiterates an underperform rating.

Standard Chartered: UBS reduces target price from 1315p to 1120p and keeps a buy recommendation. Nomura reduces target price from 1480p to 1150p and downgrades to neutral. JP Morgan reduces target price from 1450p to 1250p downgrading to neutral. Deutsche Bank reduces target price from 1190p to 1085p keeping a hold recommendation. Charles Stanley downgrades to hold.

Synthomer: JP Morgan cuts target price from 200p to 180p and maintains an underweight rating. Jefferies cuts target price from 314p to 275p and stays with its buy recommendation. Deutsche Bank lowers target price from 260p to 250p keeping a buy recommendation.

Wood Group: Credit Suisse reduces target price from 890p to 790p retaining an outperform rating.