Broker Roundup: Morgan Stanley downgrades Lloyds, overweight Barclays

 * Morgan Stanley downgrades Lloyds to underweight from equal-weight, cutting target to 50p from 55p , has an overweight for Barclays, cutting target to 400p from 425p

 * Bank of America has a buy for Barclays,  cutting target to 420p from 500p

 * Exane BNP Paribas has an outperform for Barclays, cutting target to 380p from 400p

 * UBS upgrades Standard Chartered to buy from neutral

 * Nomura raises European integrated oils sector to bullish from neutral, has a buy for BP, cutting target to 593p from 760p, a neutral for BG Group, cutting target to £13 from £13.70 and a reduce for Royal Dutch Shell, cutting target to £20.18 from £20.50 

 * JP Morgan downgrades Home Retail to underweight from overweight with a 230p target, upgrades Drax Group to neutral from underweight, raising target to 365p from 330p, best momentum for European property Capital Shopping Centres and Derwent London

 * Jefferies has an underperform for AstraZeneca, cutting target to £25.50 from £26.50, buys for Resolution, Hamworthy and Weir Group and holds for United Business Media and 888 Holdings

 * RBS upgrades Wolseley to hold from sell, raising target to £14.90 from £13,90, upgrades Pennon Group to buy from hold, raising target to 640p from 570p

 * UBS upgrades Enterprise Inns to neutral from sell , cuts target for Logica to 134p from 155p

 * ING upgrades Irish Life and Permanent to buy from hold, cutting target to €2.91 from €5.74, has a hold for ENRC, cutting target to £10 from £10.75 and a buy for Kazakhmys, cutting target to £14 from £14.25

 * Shore Capital has buys for Tesco and Dairy Crest, holds for Resolution and Kingfisher and upgrades Go-Ahead Group to buy from hold

 * Piper Jaffray upgrades PV Crystalox Solar to overweight from neutral