Wednesday broker round-up - UPDATE

2nd May 2012 08:37

BP: Jefferies cuts target from 550p to 525p, buy rating kept.British Sky Broadcasting: Jefferies reiterates hold rating and 700p target; Nomura maintains buy rating and 1,000p target.CSR: UBS upgrades from neutral to buy, target lifted from 290p to 310p.Halma: Barclays Capital downgrades from outperform to equal weight, target lifted from 380p to 430p.Home Retail Group: Merchant Securities keeps sell recommendation.InterContinental Hotels: Jefferies reiterates hold rating and 1,350p target; Credit Suisse upgrades from neutral to outperform, target raised from 1,521p to 1,692p.JD Wetherspoon: Investec reiterates buy recommendation and 536p target.Kesa Electricals: Goldman Sachs upgrades from sell to neutral.Morgan Crucible: Barclays Capital upgrades from equal weight to overweight, target lifted from 245p to 360p.Renishaw: Barclays Capital upgrades from equal weight to overweight, target lifted from 790p to 1,850p.Sefton Resources: Northland Capital downgrades from buy to add.Shire: Jefferies keeps hold recommendation and 2,100p target.Spirent Communications: Jefferies maintains buy rating and 199p target.Standard Chartered: Nomura keeps buy recommendation and 1,800p target; Investec maintains buy rating and 1,800p target.Ultra Electronics: Barclays Capital upgrades from underweight to equal weight, target lifted from 1,520p to 1,840p.Whitbread: Nomura ups target from 1,990p to 2,220p, buy rating kept.BC