Scottish & Newcastle has seen its share target upped. Dutch bank ING said yesterday that it had raised its target on the brewer to 383 pence per share from 375p.

The bank has kept a "hold" rating on the stock. ING credited the target change on rising interest in beverage stocks.

Yesterday UBS raised its target on S&N to 395 pence from 380p. The bank kept a "neutral" rating on the stock.