Thursday broker round-up:

5th Jul 2012 08:06

Aquarius Platinum: Canaccord Genuity downgrades to hold.ARM Holdings: Jefferies maintains hold rating and 485p target.Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept.Babcock: Jefferies keeps buy recommendation and 970p target.Bellway: UBS raises target from 800p to 900p, neutral stance unchanged.Britvic: Nomura cuts target from 425p to 375p, buy rating kept.Centrica: Goldman Sachs downgrades to neutral, target cut from 441p to 422p. Cineworld: Merchant Securities gives buy rating and 244p target.Drax: HCBS downgrades to neutral, 630p target kept.GKN: Arden Partners upgrades to buy.Kingfisher: Nomura reduces target from 340p to 325p, buy rating kept.Ladbrokes: UBS cuts target from 180p to 175p, buy rating kept.Max Petroleum: Merchant Securities cuts target from 5p to 4.2p, hold rating kept.Morrisons: Berenberg downgrades to sell, target cut from 340p to 300p.National Grid: Nomura cuts target from 735p to 730p, buy rating kept.Shire: UBS cuts target from 2,250p to 2,200p, buy recommendation maintained.BC