Broker Roundup: ING upgrades BT

ING upgrades BT Group to hold from sell, raising target price to 315p from 270p.

Among other recommendations:

* Bear Stearns has an underperform rating for HBOS

* JP Morgan upgrades its rating for DSG International to neutral from underweight, cutting target to 150p from 165p.

* UBS, in a note on metals and mining, downgrades Antofagasta to sell from neutral, Kazakhmys to neutral from buy and Vedanta Resources to neutral from buy.
Elsewhere the broker upgrades Johnston Press to neutral from sell with a 335p target, reiterates neutral for Electrocomponents, cutting target to 270p from 290p, has a neutral and 420p target for Sci Entertainment, a buy and 170p target for Aegis and a neutral and £10.89 target for 3i Group

* SG Securities has a buy and 524p target for Tesco

* Citigroup reiterates buy Smiths Group, raising target to £12.40 from £11.85, a buy and 430p target for Compass Group, a buy and 808p target for Mitchells & Butlers and a buy and £20.26 target for Whitbread

* Morgan Stanley has an overweight and 800p target for Croda, an overweight and 400p target for Invensys and an equal-weight and 215p target for GCap Media

* Seymour Pierce has a hold for Benfield, a buy for Geong, outperforms for GNE, Harvey Nash and United Business Media, an underperform for NextGen and a hold for JJB Sports

* Collins Stewart has a buy and £22.64 target for GlaxoSmithKline and a buy and £23.55 target for Carnival