LONDON (ShareCast) - Admiral Group: Goldman Sachs downgrades from buy to neutral with a target price of 1440p.

APR Energy: Jefferies lowers target price from 1260p to 1250p keeping a buy recommendation.

Dialight: N+1 Singer reduces target price from 1227p to 1022p, while leaving its buy recommendation unchanged.

Ferrexpo: Westhouse Securities initiates with a target price of 190p and a buy recommendation.

G4S: Panmure Gordon cuts target price from 275p to 200p and downgrades from hold to sell.

HSBC Holdings: Espirito Santo reduces target price from 850p to 770p, while keeping a buy recommendation.

Hyder Consulting: Investec reduces target price from 690p to 510p and downgrades from buy to hold. Panmure Gordon cuts target price from 700p to 538p downgrading from hold to sell. Numis reduces target price from 760p to 585p and downgrades from buy to hold.

Inchcape: Nomura cuts target price from 660p to 580p retaining a neutral rating. UBS lowers target price from 615p to 605p and stays with its neutral rating.

Lloyds Banking Group: Espirito Santo moves target price from 59p to 70p, but still recommends selling.

Pace: Barclays raises target price from 320p to 450p and upgrades to overweight.

Premier Oil: UBS cuts target price from 350p to 315p and downgrades from buy to neutral.

Redrow: Goldman Sachs downgrades to neutral with a target price of 341p.

RPC Group: Deutsche Bank initiates with a target price of 670p and a buy recommendation.

Smith & Nephew: Societe Generale cuts target price from 660p to 630p and reiterates a sell recommendation.

Standard Chartered: Espirito Santo reduces target price from 1840p to 1575p keeping its buy recommendation.

Treatt: Investec increases target price from 685p to 715p, while downgrading from buy to hold.

TUI Travel: Nomura raises target price from 310p to 440p and maintains a neutral rating.

Vodafone: Goldman Sachs reinstates with a target price of 275p and a buy recommendation.

Wynnstay: Investec ups target price from 605p to 621p and retains a hold recommendation.

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