UBS has reviewed its price targets in the pub sector, cutting Punch Taverns, Mitchells & Butlers and Luminar, but raising Wolverhampton & Dudley and JD Wetherspoon. No rating changes were made. Punch Taverns, currently rated ‘neutral’, was cut to 870p from 900p. Mitchells & Butlers, also ‘neutral’ was dropped 360p from 375p. Luminar was cut to 510p from 550p, with a ‘neutral’ rating. JD Wetherspoon, rated ‘reduce’, was raised to 235p from 218p, with Wolverhampton & Dudley, rated ‘buy’, lifted to 1370p from 1350p.