What the brokers say : 02 July
By ShareCrazy
- UBS (Virt-X: UBSN.VX - news) upgrades Standard Chartered (LSE: STAN.L - news) to neutral from sell, raising target to £11.40 from
£11
- Morgan Stanley (NYSE: MS - news) upgrades Balfour Beatty (LSE: BBY.L - news) to overweight from equal-weight with a 390p target, Kazakhmys (LSE: KAZ.L - news) to equal-weight from underweight, with an 833p target, has an equal-weight for Anglo American (LSE: AAL.L - news) , raising target to £21.17 from £13.15, raises Antofagasta (LSE: ANTO.L - news) target to 641p from 507p, has an overweight for Eurasian Natural Resources, raising target to 816p from 580p, an overweight for Lonmin (LSE: LMI.L - news) , raising target to £10.71 from 635p, raises target for New World Resources to 290p from 275p, has an equal-weight for Vedanta Resources (LSE: VED.L - news) , raising target to £23.12 from 710p, an underweight in Aquarius Platinum (LSE: AQP.L - news) , raising target to 291p from 190p, an overweight for Xstrata (LSE: XTA.L - news) , raising target to £11.60 from 855p and has an overweight for Afren (LSE: AFR.L - news) , raising target to 85p from 58p
- Jefferies downgrades Afren to hold from buy with a 53p target and initiates coverage of Northern Petroleum (LSE: NOP.L - news) with a buy and 153p target
- JP Morgan initiates coverage of Telecity with a neutral, has a neutral on Arriva, cutting target to 559p from 572p, has an overweight for Marks & Spencer (LSE: MKS.L - news) , raising target to 365p from 350p and has a neutral for Smith & Nephew (LSE: SN.L - news) , cutting target to530p from 580p
- Citigroup (NYSE: C - news) initiates coverage of ARM Holdings with a buy and 145p target and CSR (LSE: CSR.L - news) with a buy and 450p target, downgrades WPP (LSE: WPP.L - news) Group to sell from hold, cutting target to 340p from 440p, has a buy for Reckitt Benckiser (LSE: RB.L - news) , raising target to £31 from £29.50 and has a hold on Wolfson Microelectronics (LSE: WLF.L - news) , cutting target to 115p from 125p
- Baird initiates coverage of Onyx Pharm with an outperform
- Bank of America (NYSE: IKJ - news) has a buy for Amec (LSE: AMEC.L - news) , raising target to 800p from 770p, has a buy for Misys (LSE: MSY.L - news) , raising target to 210p from 178p, has a neutral for Petrofac (LSE: PFC.L - news) , raising target to 700p from 555p, upgrades Regal Petroleum (LSE: RPT.L - news) to buy from neutral, has a buy for Wellstream, raising target to 700p from 630p and upgrades Wood Group to neutral from underperform, raising target to 295p from 197p[
- HSBC (LSE: HSBA.L - news) downgrades Brixton to neutral from overweight, cutting target to 43p from 80p and has an underweight for Segro (LSE: SGRO.L - news) , cutting target to 21p from 24p
- ING has a sell for Marks & Spencer, raising target to 280p from 250p
- UBS has a neutral for Marks & Spencer, raising target to 325p from 300p and has a neutral for Northgate, cutting target to 110p from 190p
- Nomura has a neutral for SABMiller, raising target to £13 from £12.50
- RBS (LSE: RBS.L - news) has a buy for Micro Focus International (LSE: MCRO.L - news) , raising target to 425p from 318p
- Panmure has a sell and 25p target for Anite (LSE: AIE.L - news) , a buy and 377p target for Care UK (LSE: CUK.L - news) , a buy for Computacentre, raising target to 236p from 218p and a buy for Immunodiagnostic Systems, raising target to 385p from 274p
- Goldman Sachs (NYSE: GS - news) has a buy for Diageo (LSE: DGE.L - news) , retains Conviction buy for RPS and reiterates Conviction Buy for Aveva, raising target to £11 from 960p
- Citigroup has a buy and 108p target for Aegis, a hold and £17 target for Anglo American, a hold for Marks & Spencer, a hold and £12.40 target for SABMiller and a buy and £13.80 target for Scottish & Southern Energy
- Cazenove reiterates outperform for BAE Systems, downgrades Aegis to in-line from outperform and has an outperform for Intermediate Capital
- RBS has a hold and 160p target for Hunting (LSE: HTG.L - news)
- Finncap has a buy and 160p target for Omega, a buy for Telecom Plus and a buy for Rio Tinto (LSE: RIO.L - news)
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