Tuesday broker round-up UPDATE

Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation.APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation.ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation.AVEVA Holdings: Goldman Sachs raises target price from 2950p to 3000p maintaining its buy recommendation.BBA Aviation: Liberum Capital lowers target price from 305p to 300p, while upgrading to hold.BHP Billiton: Nomura raises target price from 2400p to 2500p and keeps a buy recommendation.BTG: N+1 Singer places both its target price (prev.: 488p) and its sell recommendation under review.Cairn Energy: UBS ups target price from 175p to 190p retaining its neutral rating.Cambian: Numis initiates with a target price of 340p and a buy recommendation.Central Asia Metals: Investec lowers target price from 236p to 243p and keeps a buy recommendation.Circle Oil: Liberum Capital cuts target price from 50p to 45p and maintains a buy recommendation.Compass Group: Nomura raises target price from 1055p to 1120p retaining its buy recommendation.Cranswick: Numis increases target price from 1260p to 1326p and upgrades from hold to add.Glencore Xstrata: Deutsche Bank ups target price from 395p to 415p and keeps a buy recommendation.Greencore: Investec shifts target price from 273p to 278p and upgrades from add to buy.Intermediate Capital: Numis places both its target price and its add recommendation under review.ITV: Berenberg shifts target price from 175p to 180p and upgrades to hold.Lekoil: Westhouse Securities places its target price (prev.: 62p) and its add recommendation under review.London Stock Exchange: Numis places both its target price and its add recommendation under review.Michael Page: Deutsche Bank lowers target price from 425p to 420p and retains a hold recommendation.Micro Focus: UBS raises target price from 820p to 850p and reiterates a neutral rating.MITIE Group: RBC Capital increases target price from 280p to 325p, while leaving its neutral rating unchanged.Petroceltic: Westhouse Securities cuts target price from275p to 250p and keeps its buy recommendation.Renew Holdings: Numis ups target price from 260p to 280p, while downgrading from buy to add.Royal Mail Group: Espirito Santo reduces target price from 635p to 560p and downgrades to neutral.Sage Group: Goldman Sachs moves target price from 440p to 450p and stays with its neutral rating.Shaftesbury: Jefferies shifts target price from 671p to 673p reiterating its hold recommendation.Spirax-Sarco Engineering: Numis upgrades from hold to add with a target price of 3200p.Tesco: Jefferies cuts target price from 320p to 310p downgrading to hold.Treatt: Investec shifts target price from 143p to 150p and reiterates a hold recommendation.Tullow Oil: Credit Suisse reduces target price from 1000p to 945p and reiterates a neutral rating.