<strong>BRITVIC</strong><br />UBS said that Britvic shares are still undervalued and reiterated its &ldquo;buy&rdquo; rating. The broker believes that, as the economy and soft drinks market recovers, Britvic can still increase sales. It increased its target price on the stock to 400p, up from 330p. UBS also noted that Britvic&rsquo;s commitment to innovation is a source of annual growth for the firm.<br /><br /><strong>PARTYGAMING</strong><br />Collins Stewart sees PartyGaming as overvalued based upon its trading potential, regulatory risk and over-hyped US potential. The broker maintained a &ldquo;sell&rdquo; rating on the stock, with a 120p target price, and questioned the viability of an acquisition which effectively demonstrates that third-party software and operations are superior in an important market segment.<br /><br /><strong>DIAGEO</strong><br />Deutsche Bank analysts said that Diageo is an &ldquo;outperformer in a tough industry&rdquo; after the firm reported full-year sales and profits which were broadly in line with expectations. But it noted that the quality of the profit was poor. It said that Diageo looks well placed to generate top-line increases through volume growth, and rates the stock a &ldquo;buy&rdquo; with a 1,050p target price.