Friday broker round-up

Ultra Electronics: Berenberg downgrades to Sell with a target price of 1550p.

Halfords: Deutsche Bank upgrades to Hold with a target price of 295p.

Pendragon: Jefferies downgrades to Hold with a target price of 25p.

Mothercare: JPMorgan downgrades to Neutral with a target price of 110p.

Informa: Berenberg reiterates Buy with a target price of 810p.

Shell: Barclays reiterates Overweight with a target price of 2850p.

IQE: Citi initiates at Buy with a target price of 195p.

Royal Mail: Credit Suisse reiterates Underperform with a target price of

CYBG: Jefferies reiterates Hold with a target price of 294p.

Tullow Oil: Canaccord reiterates Buy with a target price of 220p.