Tuesday broker round-up - UPDATE

1st May 2012 08:09

Aberdeen Asset Management: Citigroup ups target from 290p to 310p, buy rating kept; Barclays Capital raises target from 260p to 285p, equal weight retained; UBS lifts target from 310p to 340p, buy rating unchanged.Avocet Mining: Nomura reiterates buy recommendation and 310p target.Cape: Arden Partners upgrades from neutral to add; Investec raises target from 550p to 580p, buy rating kept.Chemring: Investec retains buy rating and 550p target.HSBC: Investec maintains hold recommendation and 600p target.Imperial Tobacco: Jefferies maintains hold rating and 2,230p target.Inchcape: Panmure Gordon upgrades from hold to buy, target raised from 410p to 430p.Kazakhmys: Citigroup cuts target from 1,400p to 1,270p, buy recommendation maintained.Lloyds: Investec maintains buy rating and 40p target.Max Petroleum: Merchant Securities maintains buy rating.Man Group: Investec slashes target from 172p to 135p, buy rating kept; Peel Hunt downgrades from buy to hold, target cut from 160p to 110p.National Express: Investec reiterates buy rating and 250p target.Severn Trent: Morgan Stanley downgrades from overweight to equal weight, target lifted from 1,540p to 1,645p.Unilever: Jefferies cuts target from 2,425p to 2,412p, buy recommendation maintained.United Utilities : Morgan Stanley upgrades from equal weight to overweight, target lifted from 645p to 700p.