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UPDATE: Wednesday broker round-up

Date: Wednesday 21 Sep 2011

UPDATE: Wednesday broker round-up

Inmarsat: Citi downgrades to hold from buy.

Inmarsat: Morgan Stanley downgrades to underweight from neutral.

Imperial Tobbacco: Investec retains buy.

Carnival: Credit Suisse confirms neutral rating and 2,357p target.

Drax: Credit Suisse cuts target from 400p to 350p, underperform rating maintained.

Rio Tinto: Credit Suisse retains outperform recommendation and 6,000p target price, keeping the stock on its 'Focus List'.

Legal & General: UBS reduces target to 95p from 114p, retains neutral recommendation.

Centrica: Nomura reiterates neutral rating and 370p target.

TalkTalk: Evolution Securities reiterates buy rating but cuts target from 190p to 185p.

Informa: UBS keeps buy rating, target upped from 460p to 520p.

Cove Energy: UBS stays with buy, raises target from 115p to 125p.

Polo Resources: Evolution Securities keeps buy rating but lowers target from 8p to 6p.

Aberdeen Asset Management
: Singer Capital Markets cuts target from 275p to 260p, buy rating maintained.

IQE: Singer Capital Market initiates coverage with buy rating and 41p target.

RSM Tenon
: FinnCap upgrades to buy

Endace: Panmure Gordon retains buy, but reduces target slightly from 517p to 513p.

T. Clarke: Panmure Gordon cuts target from 85p to 50p, keeps hold rating.

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