Wednesday broker round-up UPDATE

Ashmore: Citi cuts target price from 350p to 307p retaining its neutral rating. JP Morgan reduces target price from 342p to 295p and leaves its neutral rating.

Aviva: Canaccord Genuity cuts target price from 550p to 535p, while leaving its buy recommendation unchanged.

BAE Systems: Deutsche Bank moves target price from 405p to 415p and keeps a hold recommendation.

BBGI Sicav: Oriel upgrades to hold.

Bellway: Citi ups target price from 1750p to 1800p and stays with its buy recommendation. Deutsche Bank increases target price from 1682p to 1760p maintaining a hold recommendation. Jefferies raises target price from 2369p to 2477p and stays with its buy recommendation.

BG: Investec upgrades from sell to hold with a target price of 1000p.

BHP Billiton: Deutsche Bank raises target price from 2400p to 2500p and reiterates a buy recommendation.

Burberry: Deutsche Bank cuts target price from 1600p to 1580p retaining a hold recommendation. JP Morgan ups target price from 1400p to 1470p staying with its neutral rating.

Cobham: Deutsche Bank moves target price from 275p to 282p and reiterates a hold recommendation.

Connect Group: JP Morgan cuts target price from 183p to 170p, while upgrading to overweight. N+1 Singer upgrades to buy with a target price of 150p.

CSR: Numis lowers target price from 915p to 900p downgrading to hold.

Croda: Barclays cuts target price from 2090p to 2040p and keeps an underweight rating.

GKN: Citi reduces target price from 410p to 340p, while its buy recommendation remains unchanged.

Grainger: Jefferies cuts target price from 293p to 282p and keeps a buy recommendation.

Great Portland Group: Jefferies moves target price from 709p to 719p and retains a buy recommendation.

Hargreaves Lansdown: Citi reduces target price from 980p to 830p, while upgrading to neutral. JP Morgan reduces target price from 1380p to 1280p and keeps an overweight rating. UBS reduces target price from 850p to 770p and reiterates its sell recommendation.

HICL Infrastructure: Oriel downgrades to reduce.

Intermediate Capital Group: Societe General lowers target price from 500p to 490p and keeps a buy recommendation.

Ladbrokers: Barclays upgrades to equal-weight with a target price of 126p.

Legal & General: Canaccord Genuity lowers target price from 240p to 235p retaining its hold recommendation.

Low & Bonar: N+1 Singer lowers target price from 75p to 60p and reiterates a hold recommendation.

Meggitt: Deutsche Bank shifts target price from 440p to 445p leaving its hold recommendation unchanged.

Michael Page: Barclays reduces target price from 430p to 360p and reiterates an underweight rating. Investec cuts target price from 469p to 390p and keeps a hold recommendation. JP Morgan cuts target price from 471p to 459p and stays with its neutral rating. Canaccord Genuity cuts target price from 500p to 480p and leaves its buy recommendation unchanged.

Royal Mail: JP Morgan lowers target price from 695p to 680p and maintains an overweight rating.

SABMiller: Societe Generale reduces target price from 3400p to 3250p and retains a hold recommendation. RBC Capital reduces target price from 3300p to 3000p and downgrades to underperform.

SDL: Panmure Gordon lowers target price from 428p to 425p keeping a buy recommendation.

Secure Trust Bank: Canaccord Genuity raises target price from 3125p to 3200p keeping a buy recommendation.

Standard Life: Canaccord Genuity cuts target price from 460p to 430p and reiterates a buy recommendation.

Synthomer: Barclays cuts target price from 281p to 266p keeping an overweight rating.

TSB Banking Group: Canaccord Genuity initiates with a target price of 230p and a sell recommendation.

UBM: Societe Generale cuts target price from 870p to 800p and maintains a buy recommendation.

Ultra Electronics: Deutsche Bank ups target price from 1700p to 1750p and keeps a hold recommendation.

Victrex: Barclays lowers target price from 2210p to 2200p retaining an overweight rating.

Wolseley: Morgan Stanley raises target price from 3625p to 3700p and leaves its overweight rating unaltered.

Workspace Group: Jefferies shifts target price from 715p to 719p and stays with its buy recommendation.