Tuesday broker round-up

Rotork: Goldman Sachs downgrades to neutral with a target price of 280p.

Royal Mail: Credit Suisse downgrades to underperform with a target price of 325p.

Pan African Resources: HSBC upgrades to Buy with a target price of 16p.

Royal Mail: Berenberg initiates on Hold with a target price of 375p.

Countrywide: Citi reiterates Neutral with a target price of 125p.

HSBC: Deutsche Bank reiterates Hold with a target price of 700p.

GlaxoSmithKline: Jefferies reiterates Buy with a target price of 1540p.

Shire Pharmaceuticals: HSBC maintains Hold with a target price of 4050p.

Just Eat: Canaccord reiterates Buy with a target price of 820p.

DS Smith: Numis reiterates Hold with a target price of 530p.