Thursday broker round-up
AVEVA: JP Morgan reduces target price from 1825p to 1220p, downgrading to 'underweight'. Morgan Stanley reduces target price from 1725p to 1100p, downgrading to 'underweight'.
Bellway: Jefferies ups target price from 2447p to 2469p and leaves its 'buy' recommendation.
Brit: Numis ups target price from 290p to 310p and keeps a 'buy' recommendation.
British Land: Barclays reduces target price from 936p to 859p and reiterates an 'overweight' rating.
Capital & Counties: Barclays reduces target price from 527p to 387p and keeps its 'overweight' rating.
Catlin Group: Westhouse raises target price from 500p to 600p, upgrading to 'neutral'. Canaccord increases target price from 555p to 650p, while downgrading to 'hold'.
Centrica: Deutsche Bank lowers target price from 290p to 280p and retains a 'hold' recommendation.
CRH: Deutsche Bank raises target price from 1420p to 1500p and reiterates a 'hold' recommendation.
Daily Mail & General Trust: Citi reduces target price from 1180p to 800p, downgrading to 'neutral'.
Derwent London: Barclays increases target price from 2380p to 3167p and maintains an 'overweight' rating.
Diageo: Credit Suisse reduces target price from 1950p to 1850p and keeps a 'neutral' rating.
Drax Group: Deutsche Bank reduces target price from 650p to 500p and keeps a 'hold' recommendation. Citi reduces target price from 700p to 500p and retains a 'neutral' rating.
Friends Life: Charles Stanley upgrades to 'hold'.
Hammerson: Barclays ups target price from 534p to 574p and retains its 'equal-weight' rating.
Infinis: Deutsche Bank lowers target price from 230p to 220p and maintains its 'hold' recommendation.
Imagination Technologies: Numis downgrades from 'reduce' to 'sell' with a target price of 170p.
Informa: Citi reduces target price from 550p to 410p and downgrades to 'sell'.
InterContinental Hotels Group: Berenberg initiates with a target price of 2750p and a 'buy' recommendation. Charles Stanley upgrades to 'accumulate'.
Interserve: Liberum reduces target price from 750p to 655p, maintaining a 'buy' recommendation.
Intertek: Goldman Sachs downgrades to 'neutral' with a target price of 2383p.
Intu Properties: Barclays cuts target price from 409p to 326p, downgrading to 'equal-weight'.
Land Securities: Barclays reduces target price from 1246p to 1166p and downgrades to 'equal-weight'.
Legal & General: Jefferies initiates with a target price of 282p and a 'buy' recommendation.
Polypipe: Deutsche Bank upgrades to 'buy' with a target price of 301p.
Reckitt Benckiser: Jefferies reduces target price from 5000p to 4800p, retaining a 'hold' recommendation.
RPC Group: Panmure Gordon raises target price from 787p to 828p and maintains a 'buy' recommendation.
Sage Group: Morgan Stanley ups target price from 330 to 360p and stays with its 'underweight' rating.
Segro: Barclays lowers target price from 392p to 380.5p, staying with its 'overweight' rating.
Shaftesbury: Barclays raises target price from 675p to 762p, while downgrading to 'equal-weight'.
Spectris: Deutsche Bank initiates with a target price of 1950p and a 'hold' recommendation.
SSE: Deutsche Bank raises target price from 1340p to 1500p and reiterates a 'hold' recommendation.
UBM: Citi ups target price from 520p to 550p and maintains a 'buy' recommendation.
United Utilities: Deutsche Bank moves target price from 1030p to 1040p and maintains a 'buy' recommendation.
Vernalis: Cantor Fitzgerald ups target price from 42p to 89p and upgrades to 'buy'.
Virgin Money: Numis initiates with a target price of 400p and a 'buy' recommendation.
Wentworth Resources: Cantor Fitzgerald initiates with a target price of 77p and a 'buy' recommendation.
Whitbread: Berenberg initiates with a target price of 5200p and a 'buy' recommendation.