Broker Roundup: Negative notes on Cobham

 * HSBC has a neutral for Cobham, cutting target to 230p from 250p, an overweight for Next, cutting target to £25 from £25.50 and an overweight for BP, cutting target to 490p from 500p

 * FinnCap advises taking profits in Talivaara and has buys for Arden Group, BTG and LSL Property Services

 * Credit Suisse has a neutral for Logica, raising target to 145p from 140p downgrades Experian to neutral from outperform, raising target to 755p from 700p, downgrades Bunzl to neutral from outperform, cutting target to 800p from 880 and has a market weight for Cobham, cutting target to 240p from 270p

 * Seymour Pierce has a buy and 4.5p target for Highams Systems Services, a hold and 300p target for William Morrison, a buy and 253p target for Pace, a hold and 130p target for Penna Consulting, an add and 100p target for Psion, a buy for Walker Greenbank, a hold and 400p target for JD Wetherspoon and a sell and 181p target for Wolfson Microelectronics

 * Shore Capital has buys for Unilever, William Morrison, Man Group and RSA and holds for Hilton Food, Rathbones, Millennium & Copthorne and Old Mutual

 * Citigroup has buys for Hikma Pharma and Imperial Tobacco and holds for Admiral and WPP Group.

The broker initiates coverage of Centamin Egypt with a sell, ASOS with a buy and Virgin Media with a buy

 * Deutsche Bank has a sell for John Wood Group raising target to 350p from 210p, downgrades Lamprell to hold from buy, has a buy for Amec, raising target to £12 from 950p and has a hold for Petrofac, raising target to £13.50 from 970p

 * WH Ireland initiates coverage of Noble Investments with a buy

 * Goldman Sachs has a sell for Logica, raising target to 115p from 110p

 * JP Morgan downgrades Cobham to underweight from neutral