Broker Roundup: HSBC downgrades Marks & Spencer

*HSBC upgraded Next to overweight from neutral and Kingfisher to neutral from underweight. It downgraded Marks & Spencer to underweight from neutral. It repeated its neutral view on WH Smith and its underweight view on Home Retail. It has a neutral stance on Bunzl.

*Citigroup has downgraded Hikma to hold from buy.

*Nomura repeated its reduce view on RBS.

*Collins Stewart maintained its hold view on RBS and put its target price under review. It has a sell view on Liberty International.

*Societe Generale has upgraded Logica to hold from sell. It repeated its sell view on Whitbread and its buy view on Segro.

*UBS says sell ITV and sell Cadbury. It has a neutral view Burberry and cut its price target to 220p from 260p. It said buy Segro and cut its price target to 160p from 220p.

*Panmure Gordon has downgraded Genus to hold from buy and downgraded Optos to sell from buy.

*Nomura repeated its neutral view on Spirent and cut its target to 54p from 60p. 

*Goldman Sachs says sell GlaxoSmithKline and AstraZeneca.

*Numis has an add recommendation on Berkeley Group. It downgraded Henderson to hold from add. It upgraded RSA to hold from reduce and upgraded Rank to buy from add after numbers today.

*Evolution said buy Cosalt, Genus, Netcall and Northumbrian Water and Rank Group. It has an add on GKN, Henderson, Hunting and said Reduce RBS.