Wednesday broker round-up

Admiral Group: JP Morgan lowers target price from 1144p to 1134p and leaves its 'underweight' rating unchanged.

Barratt Developments: Goldman Sachs shifts target price from 499p to 500p and downgrades to 'neutral'.

Bellway: Goldman Sachs increases target price from 2253p to 2515p, staying with its 'buy' recommendation.

Berkeley: Goldman Sachs raises raises target price from 2871p to 2909p and keeps a 'neutral' rating.

Bovis Homes Group: Goldman Sachs cuts target price from 1232p to 1214p, while maintaining a 'buy' recommendation.

Breedon: Berenberg shifts target price from 50p to 54p and retains a 'buy' recommendation.

Bunzl: Shore downgrades from 'buy' to 'hold'.

Burberry: Nomura raises target price from 1620p to 1850p, upgrading to 'buy'.

Chamberlin: FinnCap downgrades from 'buy' to 'hold' with a target price of 110p.

Chemring: Liberum ups target price from 190p to 210p, keeping its 'hold' recommendation.

Countrywide: Goldman Sachs reduces target price from 759p to 635p and leaves its 'buy' recommendation unchanged.

Crest Nicholson: Goldman Sachs moves target price from 585p to 598p and keeps a 'strong buy' recommendation.

Daily Mail & General Trust: Westhouse ups target price from 883p to 900p and stays with its 'add' rating.

De La Rue: JP Morgan cuts target price from 600p to 580p, while upgrading to 'neutral'.

Foxtons: Goldman Sachs lowers target price from 209p to 196p and maintains a 'neutral' rating.

Halfords Group: Canaccord initiates with a target price of 550p and a 'buy' recommendation.

Halma: JP Morgan ups target price from 555p to 600p, retaining a 'neutral' rating.

Home Retail: Canaccord initiates with a target price of 188p and a 'hold' recommendation.

Ibex: Liberum lowers target price from 135p to 120p, keeping its 'hold' recommendation.

Intermediate Capital Group: JP Morgan moves target price from 510p to 525p and maintains an 'overweight' rating.

Kingfisher: Canaccord initiates with a target price of 300p and a 'hold' recommendation.

LSL Property Services: Goldman Sachs reduces target price from 630p to 430p, while leaving its 'buy' recommendation unaltered.

Marks & Spencer: JP Morgan initiates with a target price of 555p and an 'overweight' rating.

Menzies (John): Liberum reduces target price from 600p to 470p, while leaving its 'buy' recommendation unaltered.

Morgan Sindall: Liberum upgrades to 'buy' with a target price of 720p.

Mulberry: Nomura ups target price from 700p to 750p, staying with its 'neutral' rating.

Next: JP Morgan initiates with a target price of 7100p and a 'neutral' rating.

Paragon: Numis raises target price from 244p to 289p, but still recommends selling.

PayPoint: Liberum reduces target price from 1055p to 900p and retains a 'hold' recommendation.

Persimmon: Goldman Sachs increases target price from 1810p to 2008p and reiterates a 'buy' recommendation.

nge

Petra Diamonds: Nomura ups target price from 220p to 250p and maintains a 'buy' recommendation.

Premier Oil: Liberum moves target price from 297p to 307p and upgrades to 'buy'.

Redrow: Goldman Sachs cuts target price from 423p to 409p, staying with its 'buy' recommendation.

Renew Holdings: Numis increases target price from 280p to 335p, while downgrading from 'buy' to 'add'.

Rightmove: Investec reduces target price from 2612p to 2000p, downgrading from 'hold' to 'sell'. Goldman Sachs raises target price from 3327p to 3616p and keeps a 'strong buy' recommendation.

Sage Group: Numis upgrades from 'hold' to 'add' with a target price of 449p.

Savills: Goldman Sachs moves target price from 772p to 785p and reiterates its 'neutral' rating.

Serco Group: Liberum cuts target price from 210p to 170p and retains a 'hold' recommendation.

Taylor Wimpey: Goldman Sachs ups target price from 172p to 210p and reiterates a 'strong buy' recommendation.

Thomas Cook: Shore downgrades from 'buy' to 'hold'.

Victrex: N+1 Sir upgrades from 'hold' to 'buy' with an increased target price of 1860p.

Vodafone: Deutsche Bank ups target price from 230p to 250p and retains a 'buy' recommendation.

Zoppla Property: Goldman Sachs ups target price from 242p to 272p and upgrades to 'buy'. Nomura cuts target price from 350p to 310p, leaving its 'buy' recommendation unchanged.