Wednesday broker round-up

William Hill: HSBC downgrades to Reduce with a target price of 255p.

Smith & Nephew: Berenberg reiterates Hold with a target price of 1275p.

JD Wetherspoon: Deutsche Bank reiterates Sell with a target price of 600p.

Acacia: Jefferies reiterates Buy with a target price of 575p.

Reckitt Benckiser: JPMorgan maintains Neutral with a target price of 6750p.

Sanne Group: RBC reiterates Outperform with a target price of 810p.

Rolls Royce: UBS reiterates Buy with a target price of 835p.

Paddy Power: HSBC downgrades to Hold with a target price of 8900p.

Pendragon: Canaccord downgrades to Hold with a target price of 36p.

Nex Group: Numis reiterates Hold with a target price of 500p.