<strong>KINGFISHER</strong><br />Morgan Stanley upgraded Kingfisher to &ldquo;equal weight&rdquo; saying that the retailer&rsquo;s 19.6p earnings per share target looks increasingly achievable, but that it doesn&rsquo;t leave much upside with consensus already looking for 18.5p for 2011/2012 earnings. The broker no longer believes that an &ldquo;underweight&rdquo; weighting is appropriate.<br /><br /><strong>CENTAUR MEDIA</strong><br />KBC Peel Hunt has been very cautious on the outlook for Centaur, which has been the business-to-business publisher most affected by the downturn. But, having reviewed the firm&rsquo;s prospects as the recession unfolds, the broker has upgraded the stock to &ldquo;buy&rdquo;, from &ldquo;sell&rdquo; with a revised target price of 50p, up from 28p.<br /><br /><strong>INTERCONTINENTAL HOTELS</strong><br />Panmure Gordon has taken a more positive outlook on InterContinental Hotels Group&rsquo;s 2010 prospects and now assumes revenue per available room growth year-on-year. The broker upgraded its 2010 earnings per share estimate by 12 per cent and increased its target price from 870p to 910p, with a &ldquo;buy&rdquo; rating on the stock.