LONDON (ShareCast) - Associated British Foods: Panmure Gordon ups target price from 1750p to 1800p keeping a hold recommendation.

Aveva Group: Sanlam Securities upgrades from sell to hold with an unchanged target price of 1980p.

Bank of Georgia: Bank of America raises target price from 1443.60p to 1765p, but downgrades to neutral.

Cape: Investec increases target price from 300p to 375p and reiterates a buy recommendation.

Drax Group: Bank of America takes target price from 710p to 740p and keeps a buy recommendation.

Genel Energy: Liberum Capital raises target price from 850p to 1000p and upgrades to buy.

Johnson Matthey: Goldman Sachs moves target price from 2900p to 2950p and maintains a strong buy rating.

Mattioli Woods: Canaccord Genuity downgrades from buy to hold with a target price of 300p.

Mears Group: Espirito Santo revises target price from 338p to 350p leaving its neutral rating unchanged.

National Grid: Bank of America ups target price from 735p to 800p, while downgrading to neutral.

Next Fifteen Communications: Westhouse Securities places both its target price (prev.: 133p) and its buy recommendation under review.

Reckitt Benckiser: Morgan Stanley raises target price from 4300p to 4500p and maintains an equal-weight rating. Deutsche Bank ups target price from 4800p to 5000p keeping a buy recommendation. Panmure Gordon takes target price from 4700p to 4750p and retains its hold recommendation.

Rialto Energy: Investec shifts target price from 13p to 10p maintaining a buy recommendation.

Segro: Morgan Stanley shifts target price from 240p to 250p keeping an equal-weight rating.

Severn Trent: Bank of America increases target price from 1680p to 1710p reiterating a neutral rating.

SSE: Bank of America moves target price from 1490p to 1500p, while downgrading to neutral.

Synthomer: Goldman Sachs reduces target price from 240p to 215p retaining a neutral rating.

Tullow Oil: Credit Suisse cuts target price from 1350p to 1289p, while reiterating its neutral rating.

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